Source: Unsplash/CRYSTALWEED cannabis
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According to Birchal’s CSF Yearbook 2023, crowdsourced funding in Australia held steady in 2023, with the food and beverage industry once again taking the top spot for investment. However, where beer reigned supreme in 2022, it took a noticeable dip over the past 12 months. Meanwhile, funding for medicinal cannabis startups is on the rise.
Crowdsourced funding managed to remain steady in 2023
Despite general financial turmoil in 2023, CSF remained resilient over the past year. Birchal’s report reveals that $71 million was raised across 82 offers in 2023. This is only $1 million shy of the 2022 results, which saw $72 million raised across 91 campaigns.
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Senior Technology Journalist
Tegan Jones is a senior technology journalist at SmartCompany. A multi-award-winning journalist, she has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan was the co-host of one of the top technology podcasts in Australia, Queens of the Drone Age. You can find her on Twitter @Tegan_Writes.
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