FundedByMe, a multi-national investment crowdfunding platform, announced on Friday it has appointed Ingmar Rentzhog, the founder of Swedish communication agency Laika Consulting AB, to its board. This news comes just a few months after FundedByMe acquired Laika.
According to FundedByMe, Rentzhog founded Laika Consulting AB in 2014 where he also CEO and principal owner. He currently runs the climate-focused startup WeDon’tHaveTime, which previously sought funding through the FundedByMe platform and is chairman for Global Utmaning. FundedByMe noted that it selected Rentzhog as a new board member due to his prior experience of working with companies focused on security papers and financial communication.
Speaking about his new position at FundedByMe, Rentzhog stated that he looks forward to contributing to the growth and development of the funding platform. He also shared:
“I myself have successfully crowdfunded my new startup WeDon’tHaveTime at FundedByMe, and received 400 new shareholders from 15 different countries. These shareholders have been of great value as they have opened a lot of doors. Crowdfunding is so much more than just raising funds. It is a completely new way to run a business and to collaborate. With crowdfunding the entrepreneur is no longer alone. Every can take participate.”
Daniel Daboczy, CEO FundedByMe, then added:
“Ingmar’s experiences from the traditional financial world as well as his ambition is going to be a fantastic complement to the already strong FundedByMe board. As we implement the consolidation of the purchase of Laika, we are appreciative of Ingmar’s position on the board to ease the process.”
Rentzhog’s new position on the board also comes at a significant growth time for FundedByMe. As previously reported, FundedByMe revealed over the past two years the platform has grown stronger and larger – due to strategic acquisitions and recruitments. At the beginning of 2018, FundedByMe filed an application to be listed at NGM. The funding portal also noted that between 2016 and 2017 its revenue increased 52 percent while diminishing the net loss by 44 percent. In 2017, FundedByMe had KR 6.3 million in revenue. Due to this year’s total acquisition of the stocks in Laika, FundedByMe expects to have a turn-over of KR 40 million the first joint business year.