Dubai based investment crowdfunding platform Eureeca received FCA approval this past March. Now the funding portal is announcing the first UK company to raise capital for domestic growth and expansion into Dubai and other markets marking the first time a business outside the Middle East has used Eureeca to raise funding.
UK bubble football company Bubblekickz is hoping to raise $135,000 to fund company growth. The amount represents a 30.375% stake in the company. Bubble football, or as us yanks call it Bubble Soccer, is a new “contact sport” where the players are safely wrapped inside ‘Zorb’ bubbles. The origins of the new sport are attributed to Norwegian comedians/television hosts Henrik Elvestad and Johan Golden in 2011. What started as a bit of a lark, has now become a popular activity with participants in the UK, US and elsewhere. There are even national associations cropping up to advocate on behalf of the new sport.
“Bubble football is becoming very popular all over the place, especially for corporate events, stag and hen parties, birthdays, and other social gatherings, and there is definitely massive potential in this space,” said Thomas. “To capture this potential, I want to first solidify my presence in the UK and iron out my franchise model, and then I plan to aggressively expand internationally. If I can successfully raise capital on Eureeca I can develop my management systems and continue to build my team, all while establishing contacts with international investors who can help facilitate my future expansion to the Middle East and other international markets.”
Bubblekickz venues are said to be found in Canary Wharf, Stratford, Uxbridge, New Castle and Brighton in the UK today. Thomas explained he wants to be the leading bubble football operation in the UK in just a few years. He intends to franchise his operation in the future.
Thomas explained why he selected Eureeca to raise funds, stating the platform “offers an appealing combination of positives .. and it serves as a great launch pad into the UAE and Middle East markets”.
“We see a lot of potential in the UK early-stage business and SME ecosystem and our regulatory approval from the FCA now allows us to tap into that market,” said Sam Quawasmi, co-founder and Managing Director of Eureeca. “Bubblekickz is the first of what we expect to be many UK businesses raising funds on our platform and benefiting from the wealth and expertise of our network of investors.”
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