VentureCrowd completed the largest Australian equity crowdfunding raise, $4.2 million, for taxi-booking and payment software company Ingogo in May 2015.

[8] The Australian federal government's now dissolved Corporations and Markets Advisory Committee (CAMAC)[9] released its report on equity crowdfunding in May 2014.

[10] The report proposed a regulatory regime specifically designed for and to facilitate crowd sourced equity funding (CSEF) in Australia.

[11] The CAMAC report recommended Australia introduce legislation allowing retail investors to invest up to $10,000 a year in start-ups via equity crowdfunding, with a maximum of $2,500 in each company.

[12] Although details on the specific model have not yet been released, Treasury has set aside $7.8 million in funding over four years to enable the Australian Securities and Investments Commission (ASIC) to implement and monitor the regulatory framework to facilitate the use of crowd-sourced equity funding when it is unveiled before the end of 2015.