Startup backer Scalare ducks ‘IPO winter’ to list on ASX


Joseph Brookes
Senior Reporter

Startup accelerator and investor Scalare Partners has overcome regulator concerns and a low-end raise to list on the ASX through a reverse takeover of a defunct lolly company.

The unusual route will from Thursday give public investors new access to the firm’s portfolio of 27 scaling tech companies, up to eight new investments annually, and its accelerator and startup services business.

Chief executive Carolyn Breeze said the listing is a way around the “IPO winter” and a genuine first for Australian startup investment. She said it will give backers access to an “underserved” asset class of early-stage companies as venture capital funds are pulled elsewhere.

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