Australian startup Fresh Equities has announced a successful $4m funding round, which will be used to help public companies communicate more effectively with their investors.
The company has rebranded itself as InvestorHub, according to a report from Finextra. and aims to use data-driven insights to help listed companies communicate with their shareholders and potential investors.
The funding round was led by EVP, and closed in just two months, despite difficult market conditions for tech companies. InvestorHub has grown at an impressive compound monthly growth rate of 31.7% since it launched as Fresh Amplify in July 2022, and already works with 40 companies ranging in market cap from $2m to $6bn.
InvestorHub’s software allows companies to gain a deeper understanding of their shareholder base, and to communicate with them more effectively. The platform has helped its clients, which represent over $7.5bn in market cap, reach and engage more than 45,000 investors per month, and raise over $77m.
The new funding will be used to double InvestorHub’s revenue in 2023, and to expand into other markets such as the UK, Singapore, Canada, and the US.
InvestorHub CEO and co-founder Williamson believes that there is an “insane imbalance” in the marketplace, as issuers struggle to communicate with retail investors, who account for up to 80% of the daily trades of any given company.
Williamson added that some companies are building complex systems of multiple databases and communication platforms, in order to achieve just a fraction of what InvestorHub’s customers are achieving through much simpler means.
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