Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the UK and approval by the Malaysian Securities Commission. Eureeca has created a growing corridor of operations that covers the Middle East, Europe and Southeast Asia.
The self-crowdfunding round on Eureeca closed at $400,000 from 45 different investors. Additional details were available to registered users.
— Eureeca (@eureecamoment) August 7, 2016
Eureeca was founded by Sam Quawasmi and Chris Thomas as the “next generation” of investing. Eureeca has been designed to bridge the gap between private markets and all investors. As more and more successful companies remain private longer most growth occurs pre-IPO. Eureeca wants be a global catalyst to provide both access to capital for SMEs and for smaller investors to discover unique and compelling investment opportunities in early stage companies. A minimum raise on Eureeca starts at $250,000. According to the Eureeca website there is no maximum raise.
Eureeca reports 36 different countries are using their platform. Currently there are 11,271 active investors with an average investment size of $5800. Approximately 67% of the securities offers are over-funded. Currently US investors are not accepted on the Eureeca platform due to restrictive securities laws.
Expect more announcement regarding global expansion from Eureeca in the coming months.