Top 20 equity crowdfunding raises revealed

Top 20 equity crowdfunding raises revealed

Equity crowdfunding (ECF) has surged by 62 per cent across all Australian platforms in the last two years, with fintechs reaping the biggest rewards according to the recently published Equitise Industry Report 2021.

Jumping from $28.3 million (FY19) to $46 million (FY21) in total ECF volume, the demand to own a slice of promising businesses shows no signs of slowing down.

Fintech dominates the space, having received investments of $19.5 million across 24 raises, and accounts for 40 per cent of the top 20 raises in FY21.

Sydney-based Equitise co-founder and managing director Jonny Wilkinson says ECF only became possible in 2018 after legislation governing crowd-sourced funding (CSF) changed.

That year, the door opened for proprietary companies with less than $25 million in assets and annual revenue to raise up to $5 million via ECF during a 12 month period.

“It’s just a matter of time and investors and companies becoming au fait. Obviously, the platforms [are] getting set up and growing their audiences,” Wilkinson told Business News Australia.

“We always expected that. Similar to the UK, which is the most established market, years one and two are pretty slow to get going and then it ramps up significantly thereafter.”

Top 20 Equity Crowdfunding Raises for FY21 

CompanyFounder(s)Capital RaisedLocationYearClosing Month
ThriveBen Winford & Michael Nuciforo$3,000,000Melbourne2021Mar
CoinstashTing Wang & Mena Theodorou$2,800,000Brisbane2021Apr
UnhedgedPeter Bakker, Glenn Vanbavinckhove & Saskia Albers$2,344,053Sydney2021Jun
1QuestionIssac & Ann Elnekave$1,892,740Sydney2021Jun
MedibisAngus Chapel$1,800,000Toowoomba2021Aug
Bubble Tea ClubJenny Le, Pamela Yip & Tim Huang$1,648,055Melbourne2021Jun
LITTBrent Thompson & Peter Salom$1,500,000Perth2021Mar
Batch Brewing CoAndrew Fineran & Chris Sidwa$1,500,000Sydney2021Mar
SeabinAndrew Turton & Pete Ceglinski$1,200,000Mullumbimby2021Jun
LumiantSantiago Burridge$1,157,191Sydney2020Dec
QPAYZaki Bouguettaya & Andrew Clapham$1,149,658Sydney2021Jun
LumiantSantiago Burridge$1,031,587Sydney2021Jun
Good EmpireAndré Eikmeier$877,674Adelaide2021Apr
BrewDog Group AustraliaJames Watt & Martin Dickie$821,100Brisbane2021Mar
Parpera – Tranche 1Daniel Cannizzaro$800,000Sydney2020Sep
Ultimate Driving ToursAnthony Moss$719,500Melbourne2021Jun
Foresense Technologies LtdGlenn Weiland$657,000Perth2021Mar
Azura ConsultingSamuel Wood & Tim Bloore$403,000Sydney2021Apr
noobillGeorge Wang$390,000Melbourne2021Feb
Raine ScootersMarc Alexander, James Murphy & Michelle Mannering$372,533Melbourne2021May

“With increased technology and consumer expectations plus the Royal Commission’s spotlight on the financial services industry, fintech startups are increasingly turning to the crowd as a means of raising capital,” said Wilkinson.

ECF platform Birchal remains a key player, with companies such as non-alcoholic beer company Sobah signed up to the site, in the footsteps of Outland Denim and PetCloud.

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