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A 620% uptick: Equity crowdfunding in Australia gathers momentum

A 620% uptick: Equity crowdfunding in Australia gathers momentum
Bubble Tea Club co-founders Jenny Le and Pam Yip. Source: supplied.
More Australian businesses are raising more money through equity crowdfunding, with investments in the last quarter up a massive 620% compared to the same time last year.
According to a report from crowd-sourced funding (CSF) platform Birchal, funds raised through such campaigns were up 100% for the 2020-21 financial year, compared to the previous 12 months, as crowdfunding becomes a “go-to funding source” for both small businesses and startups.
Over the financial year, 63 successful offers were closed across the major platforms a 40% increase on the previous financial year. ....

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Australia: Equity Crowdfunding Volume Doubles in First Half of 2021

Australia: Equity Crowdfunding Volume Doubles in First Half of 2021
crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.

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Bubble Tea Club raises $1.1 million through equity crowdfunding

Home-brew bubble tea business Bubble Tea Club has raised $1.1 million as co-founders Jenny Le and Pam Yip gear up to go global. ....

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How Two Friends Lost Their Jobs and Began a Booming Bubble Tea Empire

Business Insider Australia / Bubble Tea Club
When Pamela Yip and Jenny Le lost work during the pandemic, they decided to start a business.
They couldn t get their favorite bubble teas at home, so started selling DIY kits online.
Bubble Tea Club surpassed $1.5 million in sales in its first year. The venture could soon go global.
It would be quite reasonable to expect people to need a little downtime between losing one job and finding another, especially in the middle of a pandemic.
Yet within a week of losing all her marketing clients many of whom were hospitality venues Pamela Yip would go on to launch a new business from scratch with friend Jenny Le. ....

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Bubble Tea Club Pam Yip Jenny Le build $2million business DIY home-delivered bubble tea kits

Australian best friends Pam Yip, 28, and Jenny Le, 26, have revealed how losing their jobs during the coronavirus pandemic sparked their multi-million dollar bubble tea empire. ....

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