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Business News In Brisbane

Digital platform VentureCrowd raises $31m for alternative assets

Brisbane-based crowdfunding equity investment platform VentureCrowd managed to raise $30.7 million for startup and property ventures in FY21, including recent pre-IPO funding for Toronto-based Cubed Biotech which was 168 per cent oversubscribed in just under two weeks.

VentureCrowd had originally targeted a pre-IPO raise of $500,000, but that figure has since gone up to just above $970,000.

The average deal size for the financial year was $1.75 million; a similar sum to the $1.8 million it raised for digital health app Cardihab within just four weeks on the platform, to be used for channel expansion, ramping up enterprise sales, running clinical trials and further user acquisition.

Read More: https://www.businessnewsaustralia.com/articles/digital-platform-venturecrowd-raises--31m-for-alternative-assets.html


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