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
Company Founder(s) Capital Raised Location Year Closing Month Thrive Ben Winford & Michael Nuciforo $3,000,000 Melbourne 2021 Mar Coinstash Ting Wang & Mena Theodorou $2,800,000 Brisbane 2021 Apr Unhedged Peter Bakker, Glenn Vanbavinckhove & Saskia Albers $2,344,053 Sydney 2021 Jun 1Question Issac & Ann Elnekave $1,892,740 Sydney 2021 Jun Medibis Angus Chapel $1,800,000 Toowoomba 2021 Aug Bubble Tea Club Jenny Le, Pamela Yip & Tim Huang $1,648,055 Melbourne 2021 Jun LITT Brent Thompson & Peter Salom $1,500,000 Perth 2021 Mar Batch Brewing Co Andrew Fineran & Chris Sidwa $1,500,000 Sydney 2021 Mar Seabin Andrew Turton & Pete Ceglinski $1,200,000 Mullumbimby 2021 Jun Lumiant Santiago Burridge $1,157,191 Sydney 2020 Dec QPAY Zaki Bouguettaya & Andrew Clapham $1,149,658 Sydney 2021 Jun Lumiant Santiago Burridge $1,031,587 Sydney 2021 Jun Good Empire André Eikmeier $877,674 Adelaide 2021 Apr BrewDog Group Australia James Watt & Martin Dickie $821,100 Brisbane 2021 Mar Parpera – Tranche 1 Daniel Cannizzaro $800,000 Sydney 2020 Sep Ultimate Driving Tours Anthony Moss $719,500 Melbourne 2021 Jun Foresense Technologies Ltd Glenn Weiland $657,000 Perth 2021 Mar Azura Consulting Samuel Wood & Tim Bloore $403,000 Sydney 2021 Apr noobill George Wang $390,000 Melbourne 2021 Feb Raine Scooters Marc Alexander, James Murphy & Michelle Mannering $372,533 Melbourne 2021 May
“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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