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Stock crowdfunding up 82% in FY22 to raise $86 million

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Equity crowd-sourced funding (CSF) rose 82% to $86 million in fiscal 2022, supporting nearly 100 companies, according to new figures from CSF market leader Birchal.

All told, more than 43,000 investments were made in 98 successful CSF offerings to reach that figure, said Birchal co-founder and MD Matt Vitale.

His company, which added to that total after raising $3 million in April this year, completed 68 of 98 successful offers — 70% of the total — and took $62.4 million (73%) of the total. $86 million up.

“The Australian CSF industry continues to grow from strength to strength, with more than $185 million raised in more than 240 successful offerings since the regime began in 2018,” Vitale said.

“Over the past few years, we have achieved really accelerated growth as more and more companies and investors become aware of the CSF regime.”

Vitale said the CSF industry has emerged from the pandemic as a strong partner for companies raising capital when others could not.

“Amid complex macroeconomic conditions and increased volatility, Birchal remains committed to doing what it does best, connecting believers and unlocking the value of passionate communities,” he said.

CSF became the go-to option for the food and beverage industry in FY22, attracting the most investment with 33 offerings raising a total of $29.5 million – 34% of all funds raised through CSF. Beer and alcohol-related businesses also made a strong comeback as a subset of F&B, contributing more than half of the total with 12 campaigns raising $15 million for brands such as Black Hops, DrinkWest, Bridge Road Brewers and Sobah Beverages.

Sustainability was the next industry with the most investment, with 9 successful CSF offerings raising $13.2 million in total, including ZeroCo’s record-breaking $5 million raise, as well as heavily supported campaigns from Hero Packaging, Line Hydrogen, Plat Protector Packaging and Indigo Power.

In the four years since the CSF industry started locally, more than 240 Australian companies have raised more than $185 million in equity financing from more than 110,000 investors.

CSF platform performance in FY22

Platform

CSF offers

Total collected

Birchal

68

$62.4 million

Equity

13

$11 million

On Market

12

$8 million

others

5

$4.6 million

Totals

98

$86 million

Most Popular Industries in FY22

Industry

CSF offers

Total collected

Total investments

Eat Drink

33

$29.5 million (34%)

13,036

Sustainability

9

$13.2 million (15%)

8.202

healthcare

6

$7.8 million (9%)

3.292

Agriculture and farming

8

$7.8 million (9%)

3,383

Top 10 CSF Offerings (Money Raised) in FY22

Company

Amount raised/ Investors (Month, Platform)

ZeroCo

$5 million/ 3,082 investments (October, Birchal)

Montu

$3.5 million / 1,490 investments (November, Birchal)

Birchal

$3 million/595 investment (April, Birchal)

Neutrog

$3 million / 792 investments (June, OnMarket)

Our Cow

$2.6m (May, Venture Crowd)

black hop

$2.2 million / 996 investments (January, Birchal)

Kester Black

$2.2 million/ 1,687 investments (October, Birchal)

Australian honey companies

$2 million / 784 investment (March, Birchal)

Spinifex Brewing

$2 million / 740 investment (September, Equitise)

drink west

$2 million/1,145 investments (May, Birchal)

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