Update: Finnish Software Provider Sharetribe Set to Close Invesdor Round With More than 950,000 in Funding

Sharetribe, a Finnish software provider, is set to close its equity crowdfunding round on Seedrs later this week. The campaign has successfully secured more than €950,000 from nearly 330 investors.

As previously reported, Sharetribe was founded in 2011 and claims its platform is the “easiest” way to create a marketplace website much like Airbnb, Etsy, or Fiverr. The Sharetribe platform allows its user community to sell or rent goods and services to each other. Each marketplace can be created within a few minutes, is easily customizable, and allows people to pay each other on one website. While sharing more details about the company’s services, Co-Founder and CEO of Sharetribe, Juho Makkonen, stated:

“We want to see a world where thousands of local financially sustainable platforms thrive, instead of a small number of global giants. For us, profits are not a goal in themselves, but simply a means to an end: achieving our social mission. Investors will still get their exit, though: we commit to buying back their shares for a price five times greater than the purchase price.”

Lasse Mäkelä, the CEO of Invesdor, recently spoke about Sharetribe’s funding round: 

“This is the first of this kind of model that we have seen on our investment platform. Judging by the overwhelming initial response, Sharetribe’s model strikes a chord, as investments so far have been made by both seasoned angel investors and newer investors.”

Funds from the Invesdor round will go towards Sharetribe’s growth and development. The campaign is set to close on Wednesday.

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