{"id":47698,"date":"2023-10-20T15:54:40","date_gmt":"2023-10-20T15:54:40","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/global-kinetics-corporation-raises-1-5-million-in-equity-crowdfunding-to-fuel-us-expansion-startupsmart\/"},"modified":"2023-10-20T15:54:40","modified_gmt":"2023-10-20T15:54:40","slug":"global-kinetics-corporation-raises-1-5-million-in-equity-crowdfunding-to-fuel-us-expansion-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/global-kinetics-corporation-raises-1-5-million-in-equity-crowdfunding-to-fuel-us-expansion-startupsmart\/","title":{"rendered":"Global Kinetics Corporation raises $1.5 million in equity crowdfunding to fuel US expansion – StartupSmart"},"content":{"rendered":"
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Australian health tech company Global Kinetics Corporation has raised $1.5 million on equity crowdfunding platform OurCrowd to kick-start its US expansion.<\/p>\n

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The capital injection is the largest equity funding round in Australia to date, and comes as local investors prepare for the federal government to introduce a crowdsourced equity funding scheme<\/a>.<\/p>\n

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Under current regulations startups can only offer equity to sophisticated wholesale investors with more than $2.5 million in assets or earnings of around $250,000.<\/p>\n

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However, the new framework is expected to allow startups to raise capital from small-scale retail investors.<\/p>\n

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Australian managing director of OurCrowd, Dan Bennett, says <\/i>he would like the new framework \u2013 which is expected to come into effect at the end of the 2015-16 financial year \u2013 to include an investment cap like other countries such as New Zealand.<\/p>\n

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\u201cI just hope there are sensible protections for retail investors, that there is potentially some sort of cap around maximum investment,\u201d he says.<\/p>\n

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\u201cThere\u2019s also interesting approaches taken in Europe. One of the jurisdictions requires any retail crowdfunding campaign have a component that requires sophisticated investors, which ensures there\u2019s almost a policing of very low quality deals.\u201d<\/p>\n

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At the moment OurCrowd is a platform for sophisticated investors, and Bennett says the Australian crowdfunding legislation would not change that.<\/p>\n

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\u201cAt this point we don\u2019t have any retail aspirations globally,\u201d he says.<\/p>\n

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\u201cIn terms of whether or not every platform should be like ours, you\u2019d have to speak to investors about what motivates them and is important for them.\u201d<\/p>\n

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Bennett says equity crowdfunding is kicking off around the world because it allows companies to easily access local and international investors.<\/p>\n

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\u201cWe think innovation is a global phenomenon,\u201d he says.<\/p>\n

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\u201cAnd all startups are doing is solving issues and problems in their local country. And what we\u2019re keen to do is help those innovators in tech \u2013 those startups \u2013 in whatever domicile they are ready to succeed in.\u201d<\/p>\n

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Global Kinetics Corporation specialises in wearable technology to help with the treatment of Parkinson\u2019s disease.<\/p>\n

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Andrew Maxwell, managing director of GKC, says the raise will allow the company to continue its overseas growth because the amount of investment capital in Australia is \u201crestricted in terms of its size\u201d.<\/p>\n

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\u201cThe problem for people with Parkinson\u2019s and the people who are treating them is during the course of a year a clinician or someone might see someone for 15-20 minutes during a visit,\u201d he says.<\/p>\n

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\u201cBut the rest of the time a person\u2019s symptoms are changing from day to day, during the course of the day and of course between visits.\u201d<\/p>\n

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Maxwell says GKC decided to raise funds via equity crowdfunding because, like OurCrowd, it relies on the cloud.<\/p>\n

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\u201cI think we were attracted to the ease of access,\u201d he says.<\/p>\n

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\u201cCEOs and managing directors such as myself do hundreds and hundreds of hours pitching to investors and the outcomes are often very variable. But with this platform, once we had gone through the due diligence process and had our pitch put up on the platform, investors could make their decision quickly and efficiently which was a productivity boost for me. One pitch, many investors.\u201d<\/p>\n

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Do you know more on this story or have a tip of your own? Raising capital or launching a startup?<\/i> . Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Australian health tech company Global Kinetics Corporation has raised $1.5 million on equity crowdfunding platform OurCrowd to kick-start its US<\/p>\n","protected":false},"author":2,"featured_media":58392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,9,11,22,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47698"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47698"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58392"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}