Scalare Raises $3.09M Including $90K SPP to Fund Strategic Acquisition
Scalare Partners has successfully closed a $3.09 million capital raise, combining a $3 million placement and a Share Purchase Plan, to fund its acquisition of Tank Stream Labs and expand its technology portfolio.
- Completed $3.09 million capital raise including $90,848 from Share Purchase Plan
- Funds allocated to Tank Stream Labs acquisition and new portfolio investments
- Share Purchase Plan offers shares at $0.12 with free attaching options
- Shareholder approval pending at upcoming Extraordinary General Meeting
- Scalare continues focus on supporting diverse tech founders across multiple regions
Capital Raise Completes Successfully
Scalare Partners Holdings Limited (ASX, SCP), a prominent technology accelerator, has announced the successful closure of its Share Purchase Plan (SPP), raising $90,848 before costs. This follows a $3 million placement to institutional and sophisticated investors, bringing the total capital raised to $3.09 million. The funds are earmarked to complete the acquisition of Tank Stream Labs, invest in new portfolio companies, and support general working capital needs.
Strategic Acquisition to Boost Growth
The acquisition of Tank Stream Labs, first announced in July 2025, represents a strategic move by Scalare to deepen its footprint in the technology ecosystem. Tank Stream Labs is known for its innovation hubs and support services for startups, aligning well with Scalare's mission to empower visionary technology founders. The capital raise ensures Scalare has the financial muscle to finalize this acquisition and accelerate its growth trajectory.
Share Purchase Plan Details and Shareholder Approval
The SPP allowed eligible shareholders to subscribe for up to $30,000 worth of new fully paid ordinary shares at $0.12 per share. Additionally, each share came with a free attaching option exercisable at $0.18, valid for two years. The allotment of 757,067 new shares and 378,535 options is expected around 8 September 2025, subject to shareholder approval at an Extraordinary General Meeting scheduled for 3 September 2025. This step is crucial to formalize the capital structure changes resulting from the SPP.
Broader Vision and Market Position
Scalare Partners continues to position itself as more than just an investor. With a presence spanning Australia, the USA, New Zealand, Singapore, the UK, and Europe, the company acts as a catalyst for innovation and growth in early-stage technology businesses. Its initiatives, such as Tech Ready Women and the Australian Technologies Competition, highlight a commitment to diversity and inclusion, supporting female and culturally diverse founders who often face unique challenges in scaling their ventures.
Looking Ahead
With the capital raise complete and the Tank Stream Labs acquisition imminent, Scalare is poised to accelerate its impact on the technology startup landscape. The coming months will be critical as the company integrates its new asset and deploys capital into promising portfolio companies, setting the stage for future growth and value creation.
Bottom Line?
Scalare’s capital raise and acquisition mark a pivotal step in its evolution as a global tech accelerator, with shareholder approval the next key milestone.
Questions in the middle?
- Will shareholder approval at the EGM proceed smoothly to finalize the SPP shares and options?
- How will the integration of Tank Stream Labs enhance Scalare’s service offerings and portfolio performance?
- What new portfolio companies will Scalare target with the fresh capital, and in which regions?
