FundedByMe announced another self-crowdfunding round last month to fuel platform growth in advance of a possible listing on an exchange. The crowdfunding platform is seeking SEK 5 to 20 million (approximately €500,000 to €1.1 million) and launched live yesterday. It appears that FundedByMe will have to raise the cap as they quickly topped the lower hurdle and already stand at almost $1 million.
In a note to potential investors, FundedByMe shared that over 250 existing investors quickly climbed aboard to support the company once again. A quick glance at the number of investors as of now indicates more than 360 individuals have reserved shares.
“We are experiencing great growth and aim at a stock listing in 2018. Now we’re ready to secure funds for further growth. We are proud of our latest achievements; Joined forces with our competitor Privanet in Finland, operating in 6 countries, had a breakeven month, surpassed last years sales and 100,000 registered global investors. We’ve successfully made the leap from pure tech company to add sales focus. This round is guaranteed to 80% by an external investor consortium. To use the lead investor offer, book shares at 58 SEK/share and you’ll be compensated with extra shares if you fulfill the requirements.”
FundedByMe explains it has “passed the “early adopters” user base and stands in front of “the early majority” and expects an exponential growth rate.” If it successfully lists on a public exchange, early investors will have the opportunity to exit – or hold on for the ride.
FundedByMe has always been extremely focused on the big picture and continues to be a very respected Europe-based investment crowdfunding platform. This is a company to watch going forward.
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