Power Ledger tops August Techboard Ranking!

Powerledger Powering up the August Techboard Ranking

By Rafael Kimberley-Bowen

Firstly, some stats and insights on startups and tech companies in September:

  • In September we profiled 1,571 companies.
  • Among other metrics, we captured 570 global news mentions of Australian companies, 149 milestones, 41 funding milestones, over 27,000 tweets and 10,000 Facebook posts and employee counts at 965 companies.
  • We’re now also capturing downloads and reviews of over 500 Australian apps on iTunes and Google Play.
  • The big banks played a significant part in two of Techboard’s top three companies in August, with NAB and Westpac providing debt and equity respectfully to NEXTDC and zipMoney.
  • Five of the top ten are ASX listed.
  • Telecom and fintech were the dominant categories in the top ten.

Power Ledger was the top trending company in August as it launched Australia’s largest ever Initial Coin Offering. The blockchain startup raised $17m in a presale of tokens as part of its ICO, which was the first to be launched in Western Australia. While it has been reported as Australia’s first ICO, Sydney-based fintech ChronoBank did complete a $6.7m ICO earlier this year. The funds are being used to further develop the platform which will allow consumers to trade in renewable energy. The company also appointed venture capitalist Bill Tai to its board of advisors, and saw strong press coverage during the month. Power Ledger was also the country’s top trending startup on social media as recorded by Techboard, with high month-on-month increases in engagement metrics.

Speaking to Techboard Power Ledger Managing Director and Co-founder David Martin said:

“We’re extremely happy with the success of the pre-sale phase of the Token Generation Event and have really high hopes for the public phase that begins on 8 September.”
“We see the huge level of support for the TGE as a sign of strong community demand for the concept of peer-to-peer energy trading and this community backing will give us a lot of impetus as we work to change the way the world buys and sells its energy needs.  It also means that we now have the necessary funding to expand the technology globally.
“We aim to be the distributed Ledger for the distributed energy economy.”