Eureeca Delivers Funding to Growth Businesses

eureeca-logoInvestment crowdfunding platform Eureeca offers a global solution to connect investors with small and medium size enterprises (SMEs) online.  The platform has created a new financing market for a new financial world by lowering the barrier to entry enabling investors to discover, discuss and invest in businesses they believe in exchange for equity.

Christopher Thomas sittingLaunched in May 2013, Eureeca was founded by experienced entrepreneurs and investment professionals, Chris Thomas and Sam Quawasmi to address the challenges growing businesses face in raising finance; especially given the changing economic landscape. Eureeca addresses the gap for businesses seeking finance to expand and grow by empowering SMEs to access the crowd to raise funds, without the challenges imposed by banks and traditional financing models.

Since Eureeca launched in May 2013, over 5,000 investors have registered on the platform. Individual and institutional investors on Eureeca come from around the world including the UAE, Jordan, Morocco, Japan, Singapore, Greece and Hong Kong to name a few. To date 17 companies have listed, with eight of these businesses successfully meeting or exceeding their funding targets.

  1. Nabesh (UAE), the Middle East’s Skills Marketplace where skills are matched with opportunities, raised US$ 100,000 in 12 days.
  2. Search in MENA (UAE), the B2B online marketplace listing products, services & companies in the MENA region, attracted investors from across the GCC.
  3. Poupée Couture OverfundedHarir (Jordan), the online shopping club, attracted half its funding from the UK and reached its target in eight days, eventually being over-funded by 203%.
  4. Abjjad (Jordan), the first Arabic “books” social network for readers, writers, and bloggers, attracted investors from the GCC, the UK, Singapore and Brussels.
  5. FoodLve (Jordan), a social discovery platform where users can collect, create, browse and buy food in one place, exceeded its US$ 91,250 target
  6. Poupee Couture (UAE), a fashion accessories brand, reached its US$ 68,250 target with one Saudi Arabian investor contacting Eureeca via Twitter and investing US$ 38,000 to help bring the brand to Saudi Arabia.
  7. JoBedu (Jordan), a multimedia merchandising and marketing platform, secured US$ 100,000 in four days and is now in discussions with institutional investors.
  8. Cary! (UAE), the world’s first social mobile app to sell and buy cars, recently completed its $103,400 round of funding on Eureeca.

In celebration of their one year anniversary, Eureeca has published an infographich that shares some of their first year highlights. 

Sam QuawasmiSam Quawasmi, MD & Co-Founder of Eureeca, said:

“Now that we are a year old, it was important for us to reflect back on what has taken place on our platform. The analysis of our investor and entrepreneur trends helps us better understand the crowdinvesting dynamics, and to continue to structure and evolve our product accordingly. For example, knowing that it takes an average of 54 days to get funded on Eureeca inspires us to prepare SMEs for the work ahead in securing the funding they require to grow and scale. Crossing the million-dollar mark was also a big achievement showcasing that there is strong appetite to deliver investments to growth businesses securing funding through the crowd. ”

 

 

 

 



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