On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico
FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The funding portal noted that since 2014, it has held multiple locations with the clear strategy to be the strongest player in the Nordics with a clear connection to APAC and LatAm. Recently, the funding portal announced the start of operations in LatAm through its Mexico location and its partnership with competitor Around/Privanet in Finland. FundedByMe CEO and co-founder, Daniel Daboczy, shared:
“FundedByMe has always been about enabling international connections and investments. Dubai is a very interesting opportunity for our team and clients as a whole and we look forward to seeing cross border investments. We are very excited about launching this Joint Venture and we believe this shows our ambitious plan of becoming the best global crowdfunding platform for investments.”
FundedByMe Dubai will be headed by Samer Toukan and Marcus Berneström. Toukan, who is also managing partner at FundedByMe Dubai, commented:
“We have identified FundedByMe, the fastest-growing crowdfunding platform in the Nordics, as a strategic partner to join forces with us in the UAE to provide a platform that will empower investors and enable entrepreneurs to unleash innovation and spur growth across the region.“
Berneström added:
“The UAE has not only become a vibrant hub, but a leader pushing us into the future. Dubai especially has reached a level where It’s not only driving technology in the region, but in the world. To be invited in becoming a small part of this by assisting the start-up scene is an honour that we do not take lightly.”
FundedByMe considers itself one of the only full-service crowdfunding platforms offering capital through equity crowdfunding. In the past years, some 463 companies from 25 different countries have been successfully funded with more than €39 million. The member base is a rapidly expanding network of more than 93,000 investors from over 197 countries around the world. FundedByMe is headquartered in Stockholm, Sweden, with a local presence in Helsinki, Finland and other countries throughout Europe as well as Malaysia, Mexico, and Singapore.