Equitise, a local crowdfunding platform that allows companies to raise capital without hiring expensive investment bankers, has failed to secure fresh funding needed to keep its operations afloat and has called in the administrators.
The company operates a platform that lets entrepreneurs tap retail investors for equity, often for their pre-revenue start-ups. It claims to have facilitated $94 million of investments across 167 deals since equity crowdfunding was permitted in Australia in September 2018.
Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
