Investment crowdfunding platform Equitise has launched a self-crowdfunding round on its own platform. Opened only for wholesale and sophisticated investors, during the next four weeks Equitise is seeking A$ 1.25 million for platform growth. The company states that A$250,000 is already being underwritten by an existing Equitise investor. While Equitise would like to allow a far broader audience to invest in this round, management explains;
“We have always wanted to allow all of the Equitise community the chance to invest in our business, however due to new Legislation not coming into effect until later this year this current offer is restricted to Wholesale and Sophisticated investors.”
If you qualify, you hop on over to the Equitise site and submit your name and email address.
Equitise is currently operating in New Zealand but the “trans-Tasman” digital investment platform is gearing up to launch in Australia. After an extended legislative odyssey, Australia is prepping to open up the crowdfunding market to a wider audience of both investors and issuers. The new laws will allow public companies to raise up to A$ 5 million with retail investors allowed to participate as well. The Australian government will be issuing licenses to approved crowdfunding platforms soon. Everything should kick off at the end of September.
While there has been some criticism regarding the fact that proprietary companies were excluded in the legislation the industry continues to work to address this shortcoming.
Founded in 2014 by Chris Gilbert, Jonny Wilkinson, Panche Gjorgjevski and then Will Mahon-Heap joining the team, Equitise is an automated investment ecosystem which is inclusive for all investors from VCs, and Angels to retail investors. Equitise lists both single investment opportunities and venture type syndicates.
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