Crypto burgers, digital banks and high tech sunscreen lead wave of equity crowdfunding
Last month we saw the successful completion of Australia’s first equity crowdfunding since last year’s law change — and there are plenty more to come.
Revvies was the first cab off the rank — raising close to $300,000 from 270 investors who secured 12.5 per cent equity in the business which makes caffeinated energy strips that dissolve in the mouth.
A wave of new projects are on the way following the approval of seven equity crowdfunding licences earlier this year.
Here’s a list of key equity crowdfunding projects in the works for April:
Digital Bank Xinja Money’s offer was due to close over the weekend — at more than four times its goal.
In total, $2.44 million was invested in Australia’s first independent, 100 per cent digital bank at $1.25 a share — a deal managed by Equitise.
Another fintech play, Pelikin, is seeking to raise $400,000 with Birchal for its free app and debit card that allows users to control and spend multiple currencies at once.
DC Power CO is seeking to raise $1.75 million in the hope of becoming the world’s first crowd-sourced funded energy retailer for solar households.
DC is already more than 60 per cent of the way — the company had raised $1.1 million through crowdfunding platform OnMarket with 13 days to go.
Winery Lane is a marketplace business providing independent wine makers with a direct-to-consumer market in a bid to disrupt the two major alcohol retailers, Coles and Woolworths.
So far, the company has raised $36,000 of a goal of $300,000 from 41 investors through the birchal platform – with shares offered at $3.
The deal will close on April 17.
On the same platform, expressions of interest are open for #burgerlove – a burger brand capitalising on their crypto-accepting, headline-making burger chain and ORDER, a Melbourne-based esports brand who partnered with ASX-listed Esports Mogul (ASX:ESH) earlier this year.
Capital Labs offers niche equity crowdfunding in the life sciences space – its current offering is Nexdius Limited, a range of sunscreens said to disrupt the sun care market with its innovative UVB filtering technology.
The company is offering shares at an issue price of 18c to raise up to $2.5 million – with a minimum investment of $450.
Offers are open until April 18.
As always, investing is risky so always consider the offer document and the general CSF risk warning before investing.