Australian investors poured $47 million into companies through crowd-sourced funding (CSF) in the 2021 financial year – double the FY20 figure – as the sector continues to boom.
Funded!, the third annual report into Australian CSF capital raising, prepared by market leader Birchal, reveals how quickly the sector is growing, with the number of CSF offers up 40% on 12 months ago to 63 successful campaigns attracting 25,000 backers.
The $47 million is nearly half of the $100 million invested since CSF became legal in Australia in 2018.
The funding rush continued to gather pace in the final quarter of FY21, with a 620% increase in investments on 12 months earlier. The June quarter had 22 campaigns raising more than $18.7 million from more than 10,000 investors.
Birchal dominates the sector over rivals OnMarket and Equitise, raising 70% of the total funds raised ($32.