Women-only ride-sharing startup Shebah bags $3 million in biggest-ever equity-crowdfunding raise

Australian women-only ride-sharing platform Shebah has broken the record for the most amount raised under Australia’s new equity-crowdfunding regime, pulling in a total of $3 million over its month-long campaign.

Midway through March, the company cracked the $1 million mark for its crowdfunding campaign, and in the final minutes of the raise last night it pulled over the $3 million mark on crowdfunding platform Birchal, meaning the raise was fully subscribed.

Speaking to StartupSmart, Shebah founder George McEncroe said while she is still a bit shocked, she felt “just stoked, delighted beyond words”.

“I’m so relieved and amazed, and I feel really supported, and also a bit daunted. I’ve got pressure now from investors, and I’m aware of their commitments and expectations, and I take that responsibility very seriously,” she says.

“I’ve bootstrapped for so long, so to have a force and endorsement from so many people is not just a shot in the arm in terms of capital, its confidence that what we’re doing is valuable.

“I don’t want to disappoint anyone, so we’ll be working bloody hard to make sure we deliver.”

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Source: Women-only ride-sharing startup Shebah bags $3 million in biggest-ever equity-crowdfunding raise