Crowdfunding site Pozible gives West Australian business a boost

March 2, 2013 @ 9:01 am By PerthNow

MORE than 170 WA projects have been listed on crowdfunding site Pozible since its inception in 2010, founder Alan Crabbe said.

And West Australians have enjoyed more luck than the rest of the country, with 56 per cent of projects listed reaching their funding target, compared with an Australia-wide average of 52 per cent.

Crowdfunding is an internet phenomenon that started in the US and allows users to advertise projects for which they are seeking funding.

The idea is for projects to get off the ground through a big number of small donations from anyone interested.
Developers will often offer rewards for people who donate if their projects get off the ground.

Andy Tompkins, founder of Australian crowdsourcing website iPledg, said the average success rate for projects in the US was about 45 per cent.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 25, 2026 vs Jan 1, 2025 - Oct 25, 2025

Number of Filings131Prior 126 +4.0%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	126	+4.0%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

0 0 votes

Article Rating

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments

Newest

Oldest Most Voted