GoCatch marks over-subscribed Pre-IPO with EOFY Bonanza

GoCatch announces today that it has closed its Pre-IPO funding round over-subscribed. To mark this major milestone, GoCatch is offering all passengers 100% credit back on all their trips taken until EOFY at 11:59pm on 30 June.

Led by Mark Davies from boutique advisory firm 1861 Capital and supported by Equitise, the GoCatch Pre-IPO round closed out this week at $1.2m, 20% above the target of $1m.

Andrew Campbell, CEO of GoCatch said that this result is due to the hard work of the team and the improved performance of the product and the business.

GoCatch is now the only app that gives Australian consumers access to Rideshare, Taxis and Hire Cars with lower fares everyday. We’ve created a tremendous value proposition for Australian transport customers with our Fastest Route Guarantee, Advance Bookings and the fact that our data is securely stored in Australia. This has been acknowledged by investors and is why this Pre-IPO round closed over-subscribed.

All GoCatch passengers can celebrate this milestone by adding the code GETBACK100 into their GoCatch account. After adding the code, all GoCatch trips taken before 11:59pm 30 June, will generate a credit into the passenger’s GoCatch account equivalent to 100% of the fare. Credit must be used before 2 July at 11:59am. Terms and conditions apply. See website for more details on.gocatch.com/getback100tcs.

-ENDS-

Available for Comment: Andrew Campbell GoCatch CEO
Contact: Sarah Ung 0423540049 | media@gocatch.com


About GoCatch

GoCatch provides pre-booked and on-demand transport nationwide. Founded in 2011, GoCatch has over 60,000 Taxi, Maxi, Economy and Premium drivers registered on the platform. GoCatch enables users to book, track and pay for their transport with ease and provides a business solution that improves efficiency and reduces ground transport cost. Corporate and wholesale enquiries can be made at https://www.gocatch.com/business/. Passengers and drivers can download the GoCatch app in the App Store or via Google Play.

About 1861 Capital & Mark Davies

Mark Davies is the founder and managing director of 1861 Capital. He has over 20 years’ experience in the capital markets initially with Montagu Stockbrokers and then in 2003 he co-founded Cygnet Capital. During Mark’s time at Cygnet Capital he assisted numerous companies by providing advisory and capital raising services across a range of different industries. Mark assisted a number to companies to list on the ASX through both Initial Public Offerings (IPOs) and Reverse Takeovers (RTOs). Mark has an extensive network of investment professionals across the country that enable his clients to have access to funding Australia wide. During his time with Montagu Stockbrokers, Cygnet Capital and more recently 1861 Capital Mark has also provided advice to sophisticated investors looking to take advantage of opportunities in the small and micro cap sectors of the ASX.