Scalare Partners has made a remarkable entrance onto the Australian Securities Exchange (ASX), etching its name in the annals of early-stage technology accelerators as the very first to achieve such a milestone. This bold leap follows the successful culmination of its ASX Share Offer.
Renowned for its comprehensive support system for nascent tech ventures, Scalare Partners champions early-stage, revenue-generating technology companies, empowering founders to amplify their sales and operational frameworks. The heart of its innovation is the Ascend platform—a sophisticated, data-driven tool that illuminates the path ahead, unveiling potential challenges and delivering tailored solutions to its users.
Carolyn Breeze, the dynamic CEO of Scalare, reflects on this pivotal moment, stating, “Our listing on the ASX signifies a monumental shift not only for us but for the entire tech landscape. As the first accelerator of its kind on this platform, we present a holistic ecosystem that intertwines funding, expert advisory, and a cutting-edge diagnostic suite, coupled with community initiatives aimed at catalyzing startup success. This model is expressly designed to address the urgent needs of early-stage tech firms, especially in light of impending shifts in investment regulations, tighter capital accessibility, and liquidity hurdles. We stand ready to offer a compelling alternative to conventional venture capital, equipping startups with the requisite resources to scale triumphantly.”
The funds raised—a substantial AUD $4.3 million—are earmarked for various strategic endeavours, including the bolstering of current portfolio companies, the nascent ventures awaiting investment, the rapid acceleration of technological development, and essential working capital. With active participation from both new and existing investors, as well as a commendable 62.2% stake held by the Board and executive team, the backing is robust.
Moreover, Scalare intends to leverage this financial influx to broaden its Tech Ready Women (TRW) initiative on a national scale and plant roots for a U.S. office. Through initiatives like TRW and the prestigious Australian Technologies Competition (ATC), Scalare is set to nurture innovation and growth within the tech community, thus opening avenues for additional revenue and investment prospects.
On a financial note, Scalare revealed its services revenue has soared to AUD $1.99 million for the fiscal year 2024—a remarkable 64% year-over-year surge. Since its inception in 2020, the company has heralded investment returns swelling to an impressive 198%.
“The solid endorsement from our diverse investor base propels us into the next chapter of growth, inviting them to partake in a proven model that is reshaping the tech innovation landscape and scaling businesses on a global stage,” Breeze elaborated.
As an integral part of this exciting new phase, Novus Capital Limited served as the Lead Manager for the offer, with Scalare shares poised to trade under the ticker SCP. The landscape of technology acceleration in Australia is, without doubt, on the brink of transformative change.
