Australia: Crowdfunded Companies Top $1 Billion in Market Cap in 2021

In Australia, the market cap of all crowdfunded companies topped $1 billion in 2021, according to the leading securities crowdfunding platform Birchal.

The report states that the value of all crowdfunded companies doubled in 2021 in comparison to 2020.

In Australia, securities crowdfunding is labeled crowd-sourced funding (CSF). Birchal has published its annual CSF Yearbook 2021.

Birchal leads the industry by volume hoovering up 75% of Australia’s equity crowd-sourced funding activity. Birchal states that 2021 was the largest yet for the industry, posting a 140% increase on the prior year with 89 successful CSF offers completed, raising over $71 million from more than 37 thousand investors.

Matt Vitale, co-founder and Managing Director of Birchal, commented on the report: “Despite the obvious challenges we all faced during 2021, there were so many milestones achieved during the year that it really should be one to remember, and not forget. The industry is getting bigger, fast. The total value of CSF companies broke $1b in 2021, and as the industry matures, we’re seeing more companies come back for second and third follow-on CSF offers, 20 so far, with an average uplift in value of 114%, which is tremendous.”

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Source: Australia: Crowdfunded Companies Top $1 Billion in Market Cap in 2021