FundedByMe Launches New Self-Crowdfunding Round to Fuel Ongoing Global Expansion

Investment crowdfunding platform FundedByMe has announced a new self-crowdfunding round to pave the way for further global expansion. FundedByMe, based in Sweden, currently is represented in 6 different countries. Launched in 2012, FundedByMe says it is preparing for an Initial Public Offering in 2018 with a focus on market consolidation.

The self-crowdfunding round launches on November 10th and seeks a raise between SEK 5 to 20 million (approximately €500,000 to €1.1 million) at a per share price of SEK 58 (about €6). The previous self-crowdfunding round raised SEK 11 million from 383 individual investors. Interested individuals may indicate interest by registering on the site now.

During 2017, FundedByMe reports it has seen: a breakeven month, initiated deep partnerships with different companies. FundedByMe saw Privanet purchase a 34.4% stake in the company earlier this year. FunedByMe has also established footholds on two continents and has broken more crowdfunding records. FundedByMe was placed as number one in the first round of The European Fintech Awards 2017. During 2017, the company has also added board members with a proven track record from stock exchange listed companies and successfully changed focus towards sales.

FundedByMe currently has a database of nearly 100,000 registered investors that have invested more than SEK 400 million (€ 41.5 million),in hundreds of companies. The average investment 2016 was 32,000SEK (€ 3,318), the average funding round 3,2MSEK (€ 331,812). During the year a crowdfunding round raised over 20MSEK (€ 2.1M) with a successful campaign for Paradiset that captured over 5000 investors. FunedByMe says it has established a market leader position in the European equity crowdfunding segment, with the unique offering of an Asian market exposure via the Singapore and Malaysia joint ventures.

“We were early out in identifying the trends to what today is known as the sharing-economy and are today common strategies for all type of companies, to say: engaging and involving their owners directly. We stood by our vision and delivered on it. Not only did we create a global company, we created a whole new market segment. Coming years look very promising and we keep identifying new trends that we are acting on,” comments Daniel Daboczy, CEO, FundedByMe.

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