Australian Small Scale Offerings Board
Non-Accredited Investors: Yes
Business Selective: Yes
Investor Selective: No
Notable Alumni: Noble Mineral Resources, Preshafood
Equity crowdfunding has long been a legal and trusted way to invest and raise capital in the Land Down Under. The Australian Small Scale Offerings Board (ASSOB) is a successful ECF firm founded in 1997 by investor Tony Puls.
The company allows client businesses to raise between 250,000 and 5 million AUD ($228,900-$4,578,000 U.S.). A ticker on ASSOB’s website proudly displays over $100,000,000 U.S. raised to date, across many success stories such as the $1.6 million fundraising campaign the firm completed for online investment resource SelfWealth last year.
ASSOB has expressed intent to expand to the American ECF market once it is opened up to broader participation by the SEC.