Seeking funds for your business?
Towers Business Development News
The leading Crowd Sourced Funding Intermediary, Birchal, released the “CSF Yearbook for 2023” this week. According to the report, over 380 companies have raised a total of $289M since the Crowd Sourced Funding Regime commenced in 2018.
Birchal has been a Crowd Sourced Funding Intermediary appointed by Australian Security Investment Commission (ASIC) since 2018.
If your company is seeking funding to complete the innovation journey of a product, or to expand your current business operations or to “scale up” your business, Crowd Sourced Funding Equity Raising could be a cost effective process for your company to utilise.
In 2023, capital was raised by companies from the following sectors:
Food and beverage
Agriculture and farming
Clothing and apparel
Travel and tourism
Media and entertainment
The Birchal report indicates that the total value of all companies that completed successful Crowd Sourced Funding Offers in 2023 was $1.1M.
Companies that wish to raise capital could initially establish a website to include details about the company, its product, vision and profiles of the directors and leadership team members. The benefit of the website is that it enables the company to be “seen”, particularly by people who have an association with the industry in which the company is involved.
The aim should be to communicate with people who will gain an ‘understanding of the company’ and what the company is attempting to achieve.
When the company has satisfied the CSF Intermediary, for the company to be approved for the Crowd Sourced Funding Equity Raising Process and the okay has been given for marketing to potential investors to commence, some of these people may decide to invest to become shareholders, because they already have an understanding of the company’s vision. This makes it a lot easier for the company to be able to raise its targeted amount from this capital raising process.
If you are interested in understanding more about the Crowd Sourced Funding Equity Raising process for your company and you would like more information, contact Towers Business Development on 1800 232 088 or email .