Live IPO - Founders First Ltd.
/
Founders First Ltd (ASX:FFL") (Founders First" or the "Company"), founded in 2017, is an Australian based craft beverage ‘accelerator’ operated by a group of leading liquor industry professionals. The Company invests in select craft beverage businesses alongside their founders and accelerates their growth through the provision of capital, sales and marketing, supply chain and management expertise and the operation of venues.
In recognising that these businesses typically face sales and marketing, working capital and operational constraints as they attempt to scale, the business model was designed as a unique proposition for craft operators, providing a solution to capital constraints, brand awareness, market access, supply chain vulnerabilities, high cost bases and knowledge and skills gaps.
In under two years Founders First has successfully raised over $24 million and acquired a national portfolio with interests in eleven businesses including craft brand partners and hospitality concept venues. The Company had pro forma revenues of $7.6 million for FY2019.
Pay By: Dec 9th
List Price: $0.50
Minimum Investment: $2,000
Raising: Up to 17.5M
Lead Manager: Bell Potter
