Right now we’re reading about how the J.O.B.S. act is going to change crowdfunding in the United States, but I think it’s worth pointing out we actually have a head start on equity crowdfunding in Northern Europe. The countries in the ArcticStartup region have their own legislative quirks, but equity crowdfunding is here, there’s no doubt about it. And it will be very interesting to follow what happens to the funding landscape as the public consciousness catches up and more deals are run.
A few companies actually have their own equity success case. On FundedByMe, Stockholm-based Virtuous Vodka successfully raised SKr 1,000,140 (€116,000) from 103 investors. On Invesdor, NetOutlet raised €53,000 from 15 investors, but they didn’t make a big splash about it, leading me to suspect it wasn’t incredibly crowdfunded. But these platforms are growing. Last night I attended the (Stockholm-based) FundedByMe event in Helsinki as they officially opened up their equity crowdfunding platform here, which got me thinking more about the movement.
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