Equitise, one of the first platforms to receive an Australian retail crowdfunding license back in 2018, has shared some data platforms for platform performance for 2020. As we all know, 2020 was a challenging year as COVID impacted all industries to varying degrees. But like some other prominent securities crowdfunding platforms, it appears that Equitise has endured the ongoing health crisis pretty well with issuers in both New Zealand and Austria.
Equitise offers retail crowdfunding, “wholesale” securities offerings as well as IPO participation in certain firms.
In 2020, Equitise raised $15.2 million in total funding, a 30.4% increase versus the prior year ($11.5 million in 2019).
In total 25 offerings were funded with a platform success rate of 86%. In 2019, 22 offerings were funded.
The largest offering: Greenfern Industries at $2.8m NZD
- Largest Return: Douugh IPO with 1,633% return which was hit a few weeks after listing on the ASX
- Quickest Offer: Douugh IPO raised $750k in 46 minutes
- Largest Offer: Greenfern Industries at $2.8m NZD
In total, Equitise has facilitated growth capital for 91 issuers since platform launch raising $57 million. Of these issuers, 14 have been “uprounds” follow on offerings where the company’s valuation has increased. Only 5 funded firms are no longer in business – pretty decent for early-stage firms.
Equitise anticipates a few more exits in 2021. Hopefully, upon turning the corner on COVID Equitise will experience a stellar 2o21.