One Year Later with Paul Niederer, CEO of ASSOB

February 18, 2014

Overview

About ASSOB
The Australian Small Scale Offerings Board (ASSOB) is Australia’s largest  business introduction and matching platform for showcasing investment opportunities in high growth, unlisted Australian companies. ASSOB combines peer-to-peer investment (or ‘social’ investment) with a venture capital approach, enabling entrepreneurs and early-stage organisations to accelerate company development and to efficiently connect with Funders.

A wide range of businesses, from seed and start-up stage, to award-winning and government granted companies, as well as more established growth and expanding companies, have in the past used ASSOB to seek access to growth capital.

ASSOB supports raises of up to $5 million through its platform. It also offers a facility for “secondary” sales of unlisted issued securities.

Interview Notes

  • $137 Million raised through ASSOB’s platform since inception
  • 300+ successful offerings
  • 75% of businesses that have raised capital on ASSOB are still operating
  • Average number of investors is 14. (To note: ASSOB regulations permit a maximum of 20 “unaccredited” investors)
  • The cost of using the ASSOB platform ranges, on average, between $10 – $15k. (ASSOB typically works with emerging growth companies with existing revenues.)
  • ASSOB is expanding globally. Its first partner is OfferBoard in the U.S. It’s under negotiation with partners in South Korea and Canada and is exploring strategic partners in other geographies.

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