2018 was a year of firsts for us, and a really exciting one at that. For the first time ever, everyday Australians over 18 years could invest in early stage companies and we set out to provide the platform to make it happen.
As soon as we received our license on 11 January, we launched our first campaign with Xinja which would go on to be the most successful equity crowdfund in Australia. Over the year, equity crowdfunding's place as a new way to invest or raise capital began to take shape as a variety of companies joined our platform including an award-winning gin distillery, an innovative movie app, and a socks and jocks subscription service!
In September, the law passed allowing proprietary companies to raise capital through equity crowdfunding, removing the hassle for many early stage companies of converting to publicly unlisted. This opened up equity crowdfunding to a whole host of new investment opportunities and we launched our first campaign (and Australia's first brew raise) under the new laws in December.
But it wasn't just about the retail raises. We also successfully completed six wholesale offers including Car Next Door and two IPOs including identitii which raised A$1,672,500 and listed on the ASX later in the year.
It's been a strong and exciting inception for a new industry which is only just getting started. Now to 2019...
For our upcoming 2019 offers, click here.