Invesdor is reporting on progress in Norway. The equity crowdfunding platform set up shop in Norway in February of 2016 becoming the first licensed platform to launch in the country. All 3 Norwegian companies received investments from several countries notably from Finland, Sweden, and Germany.
Invesdor’s first year Norway included the following companies: Cloud Solutions AS in March, Bad Norwegian AS in August and Kitemill AS in December.
The most recent of the three, Kitemill, raised NOK 6.4 million (USD $746,000) became the largest equity crowdfunding campaign in Norway to date.
“The economy in Norway is changing rapidly,” said Peter Moore, Equity director Norway at Invesdor. “I have seen big changes within just twelve months and am very impressed with the quality of companies I’ve been in contact with. Norway has many interesting growth stories just waiting to be told.
“However, currently digital fundraising in Norway is small. The finance ecosystem needs to change with the economy. Currently it is all closed networks, manual and traditional – in many ways similar to what we saw in Finland three years ago,” explained Moore. “We are going to digitalise it.”
For Kitemill, the developer of a kite-based energy generation solution, expressed its satisfaction with the crowdfunding process.
“We are really pleased with the success of our campaign on Invesdor’s platform,” stated Thomas Harklau, CEO of Kitemill AS. “It has been a very exciting process and we learnt a lot during the whole thing. We are now looking forward to executing our plans in 2017.”
Invesdor already has its next Norwegian campaign – Carepacks – launching at the time of writing and more in the queue.
CarePacks AS wants to make it easier for people to choose a healthier lifestyle without compromising the experience of taste as well as the quality of life. They offer healthy alternatives to snacks and candy delivered monthly straight to their customers. They also have a number of new product launches in the pipeline during 2017.
“We see Invesdor’s digital equity crowdfunding as a great way to expand our business network as well as getting a lot of dedicated ambassadors onboard, both nationally and internationally,” said May-Rita Kappfjell, CEO of CarePacks.
Invesdor has two more campaigns have been announced for 2017. Currently in preparation: TurtleNeck – a fashion-tech accessory company and Greenstat – portfolio of green projects and companies in Norway.
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