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Dear Birgit,
Welcome to the March 2022 edition of the Funding Strategies newsletter!
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Congratulations!
This month we are delighted to congratulate the Family Harmony project on the signing of their $300,000 investment term sheet. The investment will enable the Company's milestones and objectives. |
New Client Testimonial!
"The team at Funding Strategies (FS) really deliver. As a small start up we are budget conscious and demanding on outcomes, FS managed both of these. Mark and Stephen presented a considered approach to our capital raise leveraging their years of experience. We have encountered most of the team in our time with FS and they all convey the same willingness and commitment to our project as do the leaders. We continue to partner with FS and recommend them to other businesses looking for an elite team." |
For more information please see the updates in this newsletter. Alternatively, contact us today via email or phone 07 3160 2840. |
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Product of the Month
Exits and M&A Selling and Buying a business
Providing an exit for the founders and the new shareholders is of utmost importance if your company is going to be successful in raising finance. Merger and acqusition strategies may also be paramount in growing and expanding your business. |
View our Latest Opportunities |
As always, we invite you to from our website (registration / log-in required, membership is free). |
Upcoming Webinar
We are excited to announce our next upcoming webinar: For more information and to book please click here.
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Project Patina Update
"FY22 revenue up 45.98% YoY to $254,000 |
Since the normalisation of retail trading activities around the world, Project Patina has seen a significant increase in sales revenue demonstrating strong demand for the product and positioning the business well for continued growth this year. The key highlights are: |
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- $254,000 revenue this financial year to date, up 45.98% year on year
- Strong online sales in the US and Australia
- Successful retail launch in Italy generating $96,209 sales in the first order through Italy’s largest homewares retailer
- $100,000 secured to fund development of distribution arrangements in North America and participation at The Inspired Home Show in Chicago March 5-7, North America’s largest homewares trade show
Meetings are currently being scheduled in Chicago with some of North America’s largest retail distributors to expand Zega’s availability into key global markets. Following the Chicago show, the business will move to lock in new distribution arrangements and increase production and supply through distribution partners."
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Family Harmony project Update
Family Harmony Project Signs $300k Investment Term Sheet, Webinar Recording now available
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The Family Harmony project has, with the assistance of Funding Strategies, negotiated a $300,000 investment term sheet with a new investor.
The investor has experience in both investing and advising startups. He originally committed to a $250,000 investment, but after an extensive review of the company, increased his commitment to $300,000. Since then, he has rolled his sleeves up assisting the tech team as they complete the Beta trials and committing to join a product advisory group.
The Company’s Business Development Manager, says “It was very encouraging to have someone of this caliber conduct a detailed audit on the business and increase their investment as a result; it shows we have a great product, amazing team and huge market opportunity”.
The Family Harmony project has developed a behavior and rewards solution that uses screen time and pocket money to help deliver its outcomes. Cleverly designed, it helps take the nagging out of parenting and teaches kids how to self-manage their screen time.
The term sheet secures a large commitment of the Company's current capital raise. It maintains its ESIC status.
Since commencing, it has celebrated several significant milestones including:
- Receiving two Accelerating Commercialisation (AC) Grants totaling $1 million: $330,000 in 2020 and $670,000 in 2021;
- Completing successful alpha and beta trials in Australia;
- Achieving pre-sales of $100k.
‘Go live' is planned for March 2022."
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The Company recently recorded a webinar which can be viewed here. |
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Project Topia Update
"New fast and cost-effective Property Search Product |
Project Topia is pleased to announce its latest product is in the final stages of testing, to be released in Queensland late March before being rolled out around Australia later in the year.
The user can quickly download a simple basic report giving a snapshot of the property or select a more detailed advanced report covering everything from lot details, slope, material change of use, surrounding developments, flood and bushfire overlays, council town water and sewage, and even school zones. |
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Importantly, this going to be a time and cost saver for our users. The advanced report would cost a town planner close to $500 and 4 hours to produce. We are selling it for $50 and can generate it in less than a minute!
The market we are in is booming. The total
number of professional property reports being generated right now by town
planners, property developers, conveyancers, banks and other financial players
in Australia is around 2 million per year. Excitingly, if we add mum and dad buyers
potentially purchasing our cheaper basic report the number could easily double."
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Project Compliance Update
Webinar Recording now available, Business Update |
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- The Company has appointed a new Chief
Operating Officer (COO);
- Since the start of 2022, it has held 8
product demonstrations;
- The Company currently has 6 pilots underway;
- A new contract has recently been signed;
- February produced the Company's second best month of
revenue;
- A testimonial has been received from an AFSL
holding Compliance Manager, saying "The platform brings an element of independence, transparency and objectivity to the audit process that helps shift the conversation from combative in nature to one of coaching and collaboration."
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The webinar recording and deck can now be accessed via our website. Attendees had a chance to:
- Get to know the Company;
- Meet the team behind Project Compliance;
- Receive the latest update from the Company;
- Gain insights on the current opportunity;
- Ask the questions they wanted answered.
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Meet our Team
Dr Mark Rainbird, Managing Director |
Dr. Mark Rainbird has more than 15 years’ experience in senior executive roles, including Chairman and at board level in private equity, ASX-listed, both government and non-government and unlisted organizations.
Dr. Mark Rainbird has extensive experience in capital raising and mergers and acquisitions.
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In 1995, he founded Ramscove (a predecessor to Funding Strategies and its sister company BlueMount Capital), a Brisbane-based corporate advisory and capital raising company. He has specialized in small-scale offerings ($1-5 million) as well as special private placements ($5-50 million).
He has a proven track record in the mining and resources, technology and start-up sectors, providing capital advisory and introduction services to companies seeking capital in the unlisted, pre-IPO and listed capital markets.
With an extensive business network, he has been able to help companies to develop their funding strategies, raise capital and provide an exit for the company and their investors.
Dr. Mark Rainbird is a member of the Australian Institute of Company Directors and holds a PhD and a Bachelor of Science with First Class Honours.
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Medcan Update
"We're excited to continue growing our business by focussing on building key strengths"
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"About Medcan In 2016, Medcan was founded to bring safe, effective treatment to millions of Australians suffering with lifealtering conditions from chronic pain to epilepsy. Since then, we’ve relentlessly executed on our mission to provide reliable access to patient-specific Medicinal Cannabis products and have grown to become industry-leading innovators along the way. |
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Our products & patients
Medcan grows, manufactures, exports, and distributes a wide range of medicinal cannabis products. Our products are currently prescribed by specifically trained doctors under the TGA’s Special Access Scheme B to thousands of Australians each month, giving them relief, recovery, and hope (see Channel 9 video).
Our businesses Medcan has built a strategic suite of complementary businesses. Each valuable in their own right, the combination of these businesses results in a highly accretive, fully vertically integrated business model.
Our trajectory We’re excited to continue growing our business by focussing on building key strengths.
FY2021 Highlights - First Australian Medicinal Cannabis company to pay a dividend
- 454% shareholder uplift since seed round
- 658% revenue increase FY2020 to FY2021
Our FY22 targets - 6,000kg/year manufacturing capacity
- 10k new patients
- 60k+ unit sales
- $3.4m+ projected EBITDA
- 20% projected dividend."
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McCormick Harris Insurance
"What's Covered with Business Interruption Policies
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Business interruption policies have come under the microscope during the pandemic, with legal class action claims and test cases helping delineate the extent of coverage.
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So here's your update on what these policies cover (and don't cover) and why businesses continue to harness this often misunderstood insurance as an essential safeguard.
BI – an overview
Business interruption can be a stand-alone policy included in your commercial policy package or an endorsement to your property insurance policy.
Also called business income insurance, it protects your operating expenses plus lost income for a set time frame. Some insurers also call it consequential loss or loss of profits insurance.
It comes into force when your company closes or can’t operate normally due to physical damage to: - Your business property
- Your customers’ or suppliers’ premises
- Premises nearby, such as when you operate from a shopping centre.
Business interruption cover can also protect you from the effects of government-ordered shutdowns or curfews and other unforeseen circumstances which stop your business from operating normally. An unusual reason your business can’t operate temporarily may be because of a murder or suicide on your premises.
But business interruption insurance only covers stated ‘perils’, that is, events listed in your policy that can cause a loss. Typical perils include a fire destroying your retail premises, so you can’t sell stock, generate revenue, pay bills and staff while you’re closed for repairs or rebuilding. However, business interruption insurance won’t cover you if you can’t access your computers for weeks due to a cyber event, but a cyber policy would.
Typically, business interruption cover will compensate you for: - Lost revenue, based on your financial records before the ‘peril’ event
- Mortgage and rent as well as lease payments
- Staff payroll
- Taxes and loan payments which are due during the covered period
- Training costs, if you need to retrain employees and replace equipment
- Relocation costs if you need to move your business to other premises to continue operating."
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Australia China Business Council Update
We hope you will join us at
ACBC's upcoming events!
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- 16 March: Australia-China Decarbonisation Roundtable - ACBC & ANU
- 16 March: Participate in the China International Import Expo in 2022
- 24 March: Sales and Distribution Strategies for Health and Beauty Brands Entering the Chinese Market
- 31 March: China's Data Laws and its Impacts to Businesses in Mainland China
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Funding Strategies Pty Ltd ACN 161 432 123 Authorised Representative for AFSL 230680 Level 5, 15 Astor Terrace, Spring Hill, QLD +61 7 3160 2840 |
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You are receiving this email because you are a valued contact and have provided us with your details in the past. If you ever wish to change your personal details simply update your profile, or to unsubscribe, click the unsubscribe link located at the bottom of any of our emails.
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click the unsubscribe link located at the bottom of any of our emails. |
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.png "Project Compliance webinar image")
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