Melbourne startup InvestorHub closes $9m extended Series A
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The news: Investor marketing platform InvestorHub has secured $4 million in an extension funding round that will see its Series A round close with funding of up to $9 million.
The numbers: InvestorHub previously secured $4 million in May 2023, but reopened its doors to investors when it tripled revenue in the 13 months that followed.
It marks the second capital raise completed in less than two years since the company's pivot from its former moniker, Fresh Equities.
The oversubscribed round includes the approval for an additional $1 million post-raise to allow for additional strategic investors, earmarking a total capital injection of $5 million, on top of the original $4 million.
The context: The funding round was led by EVP, with follow-on investment from Archangel Ventures and Flying Fox Ventures.
InvestorHub provides tools for listed companies to manage and optimise their own investor relationships, combining an investor centre, communications tools, registry analytics and investor CRM into one platform.
The startup said it plans to "continue disrupting the capital market space over the next 6-12 months" by expanding its market share in Australia and the UK, as well as preparing for entry into broader international markets.
InvestorHub said 4% of ASX companies currently use its platform, and the company sees the UK, which represents about 10% of its client base, as a key growth market.
The new funding will also allow it to invest in new features, including expanding its AI and machine learning capabilities to increase product efficiency, support prediction modelling, and deliver quicker insights for companies and answers for investors.
What they said: InvestorHub co-founder and co-CEO Ben Williamson said: "Historically, markets have always leaned in favour of intermediaries, resulting in a disconnect between companies and investors, unfair (and even weakened equity) markets and a general disregard for retail investors."
"However, technology is granting access to new types of investors who are having a measurable impact on liquidity, share price movement, and capital raise outcomes," he said.
EVP partner Justin Lipman said: "Doubling down on our commitment with InvestorHub shows our strong belief in the company’s product capability and speaks to the calibre of the team and value they provide to their customer base."
"Having grown three-fold since our investment, we believe InvestorHub is emerging as one of Australia’s most prospective software platforms and feel fortunate to be partners on their journey,” Lipman said.
The source: InvestorHub media release
