Demand Film looks to tap equity crowdfunding for expansion

CLIENT: DEMAND.FILM
OUTLET: INSIDE FILM

Cinema on-demand operator Demand Film aims to raise a seven-figure sum via an equity crowdfunding platform to accelerate its global roll-out and ramp up the volume of releases.  Co-founder and MD David Doepel is confident its 110,000 customers, of whom 40,000 are in Australia, will respond to the opportunity to buy shares in the company which launched in 2014.  Today it invited expressions of interest via  Birchal.com  but the precise sum it is seeking won’t be revealed until the formal launch of the equity crowdfunding campaign in about three weeks.  Doepel tells IF the goal is to raise somewhere between $1 million and $2 million by June 30, which would dilute the stakes held by himself and co-founders Andrew Hazelton and Barbara Connell.

Cinema on-demand operator Demand Film aims to raise a seven-figure sum via an equity crowdfunding platform to accelerate its global roll-out and ramp up the volume of releases.

Co-founder and MD David Doepel is confident its 110,000 customers, of whom 40,000 are in Australia, will respond to the opportunity to buy shares in the company which launched in 2014.

Today it invited expressions of interest via Birchal.com but the precise sum it is seeking won’t be revealed until the formal launch of the equity crowdfunding campaign in about three weeks.

Doepel tells IF the goal is to raise somewhere between $1 million and $2 million by June 30, which would dilute the stakes held by himself and co-founders Andrew Hazelton and Barbara Connell.