As the IPO market shows signs of revival, there’s a new player set to make waves on the ASX, Scalare Partners. Scheduled for an early October 2024 debut, Scalare Partners aims to raise up to $8 million, giving it a projected market capitalisation of approximately $26 million. This IPO marks a significant moment, as Scalare Partners will become the first ASX-listed tech accelerator, providing a comprehensive ecosystem for scalable startups.
A Unique Proposition in the Tech Accelerator Space
Scalare Partners stands out with a business model that blends investment with a broad suite of support services. Unlike traditional venture capital firms, Scalare offers more than just financial backing. It provides startups with expert advice, access to a robust diagnostic platform, and community-driven programs designed to spur growth. Since its inception in 2020, Scalare has delivered an impressive 298% total return, showcasing the effectiveness of its approach.
Scalare has made 27 investments to date, averaging eight new investments per year. Its diversified revenue streams include returns from these investments, gains from business exits, fees for fractional products and advisory services, event memberships, and capital raising activities. Among its portfolio are promising companies such as Zondii, Brauz, and Loyalty Republic, each contributing to Scalare’s growing reputation as a formidable player in the tech acceleration space.
Strategic use of IPO funds
The funds raised from the IPO will be strategically allocated to towards investing in both new and existing portfolio companies, ensuring they have the resources needed to scale efficiently. Additionally, Scalare plans to expand its Tech Ready Women program, not just across Australia, but also into the U.S., tapping into a broader market of female tech entrepreneurs.
Another critical focus area will be the fast-tracking of technology development for digitising Scalare’s products and services. This move is expected to enhance the company’s service delivery and scalability.
