Fundnel offers unlisted securities in growth and pre-IPO stage companies across industries.
Fresh from clinching the SBR National Business Award for Financial Technology, Fundnel has moved into the Australian market to explore potential investment opportunities in a country that has traditionally utilised less venture capital money. Its operations will be based in Adelaide, working in conjunction with the University of Adelaide’s ThincLab incubator, HealthSA, TechinSA and InvestSA. With its base in Adelaide, Fundnel Australia will be building its presence in other key cities to include Sydney, Melbourne and Perth.
Fundnel is a private investment platform that offers unlisted securities in growth and pre-IPO stage companies across industries to a qualified network of investors, comprising of both professional – corporate venture, private equity, venture capital funds, family offices, angel investor networks – and individually accredited investors actively looking to diversify their current portfolio. To date, Fundnel has facilitated US$49m worth of transactions across Southeast Asia, evaluating over 1,300 companies in the process.
Keeping local businesses competitive
Fundnel’s platform in Australia will connect accredited Australian investors with local opportunities, and will in turn help local businesses accelerate their growth through capital raising whilst creating further room for innovation.
The Australian operations will be headed by Dr. Steven Fang, co-founder and former CEO of CapBridge, who brings over 28 years of experience in the private and public investment sectors. He will be supported by a local team of business development specialists and core members of the team.
“Fundnel is an exceptional venture, and its presence in Adelaide will help support local entrepreneurs financially, while also unearthing other Fintech ventures in Adelaide,” said Noel Lindsay, Professor of Entrepreneurship and Commercialisation, Pro Vice Chancellor, (Entrepreneurship), and Director of Entrepreneurship, Commercialisation and Innovation Centre, at the University of Adelaide Australia.
With the Adelaide state government keen on nurturing the very best local outfits, Fundnel will be working alongside multiple state-backed initiatives to keep local businesses competitive on a local and subsequently global scale.
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