Companisto, the German market leader in equity crowdfunding, has now become the first equity crowdfunding platform in Germany, Austria, and Switzerland to raise a total of over €25 million. Globally, equity crowdfunding is growing rapidly. This type of financing, based on private individuals’ teaming up and investing in start-ups online, has turned into a major source of financing for German start-ups and growth companies over the last three years.
“For the past 17 months, Companisto has been raising more capital from the crowd than any of its direct competitors every single month. We are proud to have raised more than €25 million within only three and a half years. There are only very few equity crowdfunding platforms worldwide that have achieved this. In Germany, Austria, and Switzerland, we have become the first platform to do so,” observed Companisto managing director Tamo Zwinge, who co-founded the platform with David Rhotert in 2011.
The Crowd Considers Not Only Risks but Also Opportunities
“It’s a positive sign that the crowd is so active in Germany, given that we Germans are generally regarded as risk averse,” Zwinge added. While equity crowdfunding offers high potential returns, it always involves the risk of losing the entire investment. “It’s nice to see that there are also many venturesome people in Germany who believe that a small start-up may eventually turn into something big and that it’s worthwhile to be part of this development from the beginning.”
Equity Crowdfunding as a New Source of Private Venture Capital in Germany
To date, Companisto has hosted 51 financing rounds for various projects, ranging from a 360° panoramic ball camera and the record-breaking luxury Weissenhaus Hotel to an e-bike that looks like a normal racing bike. In 2014 and 2015 alone, investors on Companisto invested more than €20 million in young start-ups. Consequently, investors on Companisto are already among the most active providers of venture capital in Germany; only semi-public High-Tech Gründerfonds (a German tech start-up fund) and the investment company of IBB Berlin (a public development bank) have conducted more financing rounds (source: BVK).
In September 2015, Companisto published a performance monitor. For this purpose, the platform analyzed the development of share values of the Companisto start-ups between June 2012 and 28 August 2015. The performance monitor can be found here. Live campaigns include TripRebel, TradeMachines, with Sawade, WeMovo and noDNA overfunding.
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