As a new generation of investor becomes the dominant financial services customer, VentureCrowd has enabled the easy access to sustainable venture startups with three clicks of their smartphones.
#growth #alternativeassets #crowdfunding
Steve Maarbani’s VentureCrowd has bolstered its warchest through a $10 million capital raising that puts the group on track for international expansion.
What it does
Venturecrowd enables generation of Millennial and Gen Z investors looking to invest in purpose-driven sustainable projects.
“New and creative solutions in health, agriculture, education, renewable energy and sustainability are the focus
VentureCrowd has raised more than $180 million since inception and are on track for 100 per cent growth this year.
Among the start-ups accessing the VentureCrowd platform are Nexba, Expert 360, 4DMedical (ASX: 4DX), Jayride (ASX: JAY), Judo Capital (ASX: JDO), Perkii, Gamurs, Thinxstra, Zookal and Unyoked.
VentureCrowd used its own platform to raise $3.9 million of its latest $10 million raise - a move that has attracted a number of new investors for the group.
Maarbani is now planning to establish a foothold across the Asia Pacific, starting in Singapore.
Supported by VC Veteran be Chris Wilson, the co-founder of ANZ Bank’s (ASX: ANZ) venture-capital fund ANZi, now known as 1835i. and a former Deloitte Digital senior partner, is VentureCrowd’s new head of ventures.
The digitisation of venture capital in Australia has been driven by recent federal legislation that allows retail investors to back high growth start-up opportunities.
Maarbani established VentureCrowd after working with high-net-worth angel groups and syndicate investors at PwC.
“The access to venture capital as an asset class and the ability to invest in high growth companies that could potentially change the world was always restricted to the super rich and highly connected venture capital funds and angel investors,” says Steve
“Digitisation has changed that, making it available to everyone.”
For start-ups, Maarbani says VentureCrowd is a quick and efficient option to raise capital when needed.
“You might be between seed and a Series-A capital raise, but you just need another $500,000 to refine your product to get to that Series-A point. That’s a very difficult position for a start-up to be in.
“We’re creating much more flexibility for companies than they ever had before. I think a lot of companies in the past have failed not because they had a terrible idea and were badly run, but because in the early stages of growth capital is so inflexible.”
Looking we are looking to collaborate with VentureCrowd as part of our innovation forum
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