PhycoLife (Venus Shell Systems Ltd) crowdfunding raise on OnMarket (closed)
Closed — raised A$3,885,014 from 1,838 investors (79% of maximum)
We grew it, refined it, and sold it. Now we're building the capacity to supply scale.
- Raised on OnMarket
- Australia
Funding history
200 readings
About PhycoLife (Venus Shell Systems Ltd)
Summarised by Raise Sonar from PhycoLife (Venus Shell Systems Ltd)’s OnMarket pitch
PhycoLife grows a proprietary strain of Australian green seaweed, refines it into bioactive molecules in its own plant on the New South Wales south coast, and sells skincare, supplements and foods directly to Australians through its PhycoHealth brand. Its platform produces Phyaluronic®, a plant-based alternative to hyaluronic acid, and Phychondrin™. The raise is for the company's expansion, with the page describing funds for cultivation, refining and go-to-market growth.
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The raise in figures
Raised
A$3,885,014
of A$4,900,000 maximum
79%
of maximum
- Investors
- 1,838
- Minimum investment
- A$252
- Pre-money valuation
- A$33M
Last updated
↳ OnMarket · last checked 26 h ago
About this raise
The equity crowdfunding raise PhycoLife (Venus Shell Systems Ltd) ran on OnMarket has closed. The company is based in Australia. It is offered under Australia’s crowd-sourced funding (CSF) regime.
The pre-money valuation is A$33M. PhycoLife (Venus Shell Systems Ltd) set a maximum of A$4.9M. 1,838 investors put in A$3.88M (79% of its maximum). Tickets started at A$252.
Its close date was .
The CSF regime is Australia’s route for raising from retail investors, through an intermediary licensed by ASIC. Raise Sonar last read these figures from OnMarket on .
Closed
Closed on Thu 22 Oct
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Questions about PhycoLife (Venus Shell Systems Ltd)’s raise
What was the minimum investment in PhycoLife (Venus Shell Systems Ltd)?
The minimum investment in PhycoLife (Venus Shell Systems Ltd)’s raise on OnMarket was A$252.
What regulation was PhycoLife (Venus Shell Systems Ltd)’s raise under?
PhycoLife (Venus Shell Systems Ltd)’s raise was under Australia’s crowd-sourced funding (CSF) regime. Crowd-sourced funding lets eligible Australian companies raise from the general public through an intermediary licensed by ASIC.
How much did PhycoLife (Venus Shell Systems Ltd) raise?
PhycoLife (Venus Shell Systems Ltd) raised A$3.88M from 1,838 investors on OnMarket, 79% of its A$4.9M maximum.
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