CLIENT: DL COMMS
OUTLET: BUSINESS NEWS AUSTRALIA
Woohoo - DL COMMS is proud to announce its PR campaigns were responsible for three of the top 10 highest grossing equity crowdfunding raises, and four of the top five highest raises from all female-identifying founder teams in Australia in 2023!
The following is from Business News Australia’s report on the 2023 year for equity crowdfunding.
Despite a 58 per cent decline in venture capital funding in Australia last year, a new industry report shows resilience for the crowd-sourced funding (CSF) sector which remained steady at $71 million as investors poured into food & beverage startups, cannabis and more female-founded businesses.
The latest CSF Yearbook 2023 prepared by Birchal shows that while the number of CSF raises declined by 11 per cent at 82, the total funding raised was down by just 2 per cent with a similar volume of participants compared to 2022.
This result was aided by Birchal's 'busiest quarter ever' at the end of 2023, including its own $2.4 million raise.