Australian startup Fresh Equities has rebranded to InvestorHub and secured $4 million in funding to help public companies better communicate with investors. The funding round, led by EVP, was completed in just two months despite challenging market conditions for tech firms.
This capital will enable InvestorHub to double its revenue in 2023 and expand into new markets including the UK, Singapore, Canada, and the US. The software offers data-driven insights into a company’s shareholder base, facilitating more effective communication and engagement with potential investors.
Since its launch as Fresh Amplify in July of last year, InvestorHub has achieved a compound monthly growth rate (CMGR) of 31.7%. The platform currently serves 40 companies with market capitalizations ranging from $2 million to $6 billion, including Recce Pharmaceuticals, Race Oncology, Altech Batteries, and 4DS.
InvestorHub’s CEO and co-founder, Ben Williamson, highlights that in under a year, the firm has assisted clients representing over $7.5 billion in market capitalization to reach and engage more than 45,000 investors monthly, raising over $77 million in the process.
Williamson notes, “Our growth demonstrates the challenges that listed companies face in communicating with their wider shareholder base beyond the top 20 shareholders and institutions. Many ASX companies resort to complicated combinations of databases and communication platforms to achieve only a fraction of what InvestorHub offers through simpler solutions.”
He adds, “Retail investors comprise up to 80% of daily trades for a given company, making it a significant imbalance that issuers lack the ability to communicate directly with them.”