Birchal

About

Birchal operates an equity crowd-sourced funding platform enabling startups and SMEs to run CSF offers and connect with retail and wholesale investors, plus issuer onboarding and campaign management services.

Mission

Birchal operates an equity crowd‑sourced funding platform that helps startups and SMEs raise capital from retail and wholesale investors. In FY23 it hosted 57 successful CSF offers, facilitated over $194 million across 248 successful offers and more than 110,000 investments, and assisted 26 businesses in the last quarter. The company says it will use the current capital raise to build a market‑leading platform, launch products and services that complement its core business, and diversify and grow revenue streams. Birchal has run its own CSF offers before—its April 2022 capital raise hit a $3.0M maximum—and it set the current offer share price at $0.50, lower than the prior CSF. Management frames the lower price as a strategic response to current market conditions and investor feedback and highlights a strengthening pipeline with 14 signed agreements for Q1 2024 launches plus 66 potential issuers. The firm positions itself as a resilient alternative funding channel amid a downturn in venture capital activity and emphasizes its mission to democratise access to capital.

Quick Facts