FundedByMe Reports Annual Results

FundedByMe, a full-service crowdfunding platform operating in Europe and Asai, reported 2016 results today at a meeting of its annual General Assembly.

FundedByme reported the company experienced a 90% growth on sales from the previous year.

“The year has been a turnaround year for FundedByMe where we have focused on international growth and development of the product, driving sales that will take the company to break-even and future profitability,” said Daniel Daboczy, CEO and co-founder of FundedByMe.

Headquartered in Stockholm, since inception 462 companies from 25 different countries have been successfully funded raising over €34.3 million. The member base is more than 81,224 investors from over 183 countries around the world.

Additionally, during 2016, FundedByMe reported:

  • Annual costs are down by 19%, compared to the year before.
  • The company has launched a strong focus on a new model for Joint Ventures internationally. Negotiations are currently underway with more than five new countries, with the ambition of launching these in 2017.
  • The average investment during 2016 on the platform was €3,261.
  • August 2016 was the month with the highest average investments at €13,936.
  • The biggest case of the year was the electric vehicle, Uniti, which raised a total of €1.22 million.
  • The average round on FundedByMe during 2016 raised €365,853.

The focus for 2017 is growth of sales and ongoing global expansion of the platform and its services.  FundedByMe currently has offices in several European countries, Singapore and Malaysia.

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