Australia: Birchal Claims 100% Market Share of Online Capital Formation in Recent Quarter as it Dominates Securities Crowdfunding

Birchal, long the leading online capital formation platform in Australia, reports that during its fiscal Q3 2023 quarter it dominated the “crowd-sourced funding” market in the country. Birchal says that it captured 100% market share during the quarter to date, making it the only Australian equity crowdfunding platform to have closed successful funding rounds this year.

At the same time, Birchal states that with the close of two securities offerings, Jack Stillman and Ziinkle’s, Birchal has now booked 200 successful funding rounds worth over $150 million for Aussie startups. This includes more than 90,000 investments since launching in 2018.

Birchal Co-founder & CEO Matt Vitale said that in spite of the challenging market, the sector remained “buoyant” with securities offerings gaining traction.

“We’re thrilled to hit this milestone and continue to see these great results for companies like Old Young’s, which broke the record for Australia’s biggest alcohol-related crowd-sourced funding raise, and Our Cow which had the most registrations we’d ever seen for a webinar and a raise over $2 million,” said Vitale. “All other companies that opened Expressions of Interest on our platform also successfully funded this quarter, so it’s good news for startups and the sector, to see that investors are still keen to back the right deals.”

Vitale said their performance shows the value of investment crowdfunding as a mechanism for businesses to raise growth capital.

“We were one of the first seven intermediaries issued a license by ASIC, we were the only platform to remain active during the early part of COVID, and now we’ve amassed significantly more knowledge and insights from the sheer volume of deals we’ve opened and closed on our platform,” Vitale added.  “It’s enabled us to continue to provide opportunities to businesses and investors, and now we’ve hit this incredible milestone. Today we’re celebrating the 200 successful deals, alongside every founder, co-founder, investor, legal advisor, accountant, board member, startup employee, creative agency team, product developer and campaign team member that supported each of these raises and this remarkable milestone for Australian businesses and crowd-sourced funding.”

Vitale said it has been a privilege to participate in each of the successful securities offerings.


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