TechInvest News

Scalare Partners debuts as first tech accelerator on ASX

Written by Staff Writers | Nov 15, 2024 8:15:32 AM

Scalare Partners (ASX: SCP) has made history by becoming the first early-stage technology accelerator to list on the Australian Securities Exchange (ASX). This move provides investors with a unique opportunity to participate in a diversified platform supporting early-stage technology companies.

A new investment model for the tech sector

Scalare Partners offers a different approach to investing in the tech sector. Rather than focusing solely on venture capital, Scalare combines investments with tailored services, expert advice, and access to its Ascend platform, a diagnostic tool designed to help startups address scaling challenges efficiently.

The company’s business model centres on helping early-stage, revenue-generating technology companies grow their operations, creating value for both founders and investors. Initiatives like Tech Ready Women (TRW) and the Australian Technologies Competition (ATC) further broaden Scalare’s revenue streams while fostering innovation in the tech community.

Investment highlights

Scalare Partners provides investors with strong growth indicators and strategic positioning in the tech sector. Since 2020, the company has achieved a 198% return on investments, reflecting realised and unrealised portfolio growth. In FY24, services revenue increased by 64% year-on-year to $1.99 million, showcasing its ability to generate consistent returns. Additionally, Scalare successfully raised $4.3 million in capital through a well-supported share offer, resulting in an implied market capitalisation of $23.1 million at listing.

Why Scalare matters to investors

Scalare’s entry to the ASX is particularly timely, given the tightening of traditional venture capital markets and the challenges faced by early-stage companies in securing growth funding. Scalare provides an alternative pathway, offering investors diversified exposure to the tech ecosystem with a focus on value creation through targeted support.

Carolyn Breeze, CEO of Scalare Partners, explained the broader implications of the listing:
"Our ASX debut provides investors with access to a proven model that supports the scaling of early-stage technology companies. It’s an opportunity to participate in the growth of innovative startups while diversifying investment portfolios."

A platform for future growth

For investors focused on accessing private investments in the tech sector, Scalare’s ASX listing represents an entry point into a scalable model for supporting and investing in early-stage companies.