Koodoo, a new investment crowdfunding platform, has launched in the UK, according to a note from the company.
Koodo says it wants to connect social responsibility and commerce by pairing startups that focus on social or environmental change with investors. Koodoo strives to be a global platform.
Koodoo is regulated by the Financial Conduct Authority (FCA) as an Appointed Representative of Sapia Partners LLP.
The platform will first target the UK marketplace enabling issuers to raise capital that aligns with the UN’s Sustainable Development Goals. Other markets are expected to follow. Koodoo says it will accept local fiat currency as well as Bitcoin.
Koodoo is founded by Brandon Kerzner, who will serve as chair of the platform and Michael Wilkinson, the former Operations Director of Crowdcube, who will run the business as CEO.
Wilkinson commented on the launch:
“There’s simply no truth in the notion that to invest in businesses that help the world you have to sacrifice returns. Equity crowdfunding can help make sustainable investing more mainstream and personal, however it needs to be global by default to succeed, Koodoo will be global from the start – something unique in the equity crowdfunding arena to date.”
Wilkinson said that its great to have a startup in London but if you are in Buenos Aires or Budapest (for example) it is a different story when it comes to access to capital.
“That means great commercial ideas that can often generate genuine financial returns are not receiving the capital they need. Where those start-ups have the potential to create real positive social change, that’s a travesty we’re not going to accept. Koodoo is all about channelling investment support, using the most progressive technology available, to those people with the talent and vision to change our world for the better..”
Kerzner describes Koodoo as representing a totally different approach to equity crowdfunding:
“We’re using new 4IR technologies not available at the birth of the crowdfunding industry and creating a new legal jurisdictional mesh to enable scalable, global reach. What’s more, with guidance from our co-founder and Koodoo’s Head of Blockchain, Gavin Marshall, we are pioneering new blockchain applications, amongst other novel technological approaches, to deliver a way for investors around the world to back what they consider the best and most socially impactful ideas, wherever they can be found.”
Koodoo launches with four inaugural securities offerings listed below.
a-y-t: Founded by Georgie MacIntyre, former Artistic Director at Matthew Williamson, a-y-t aims to offer an entirely sustainable and welfare-conscious womenswear line, backed with a supply chain to match; one that is both considerate to the planet and a blueprint for the industry as a whole. Model, sustainability activist and friend of founder Georgie, Arizona Muse will front the brand’s debut collection.
Cellular Agriculture: Pioneering safe, sustainable and scalable technology in the cell-based meat space since 2016, Cellular Agriculture has undertaken research and built proof-of-concept technology dedicated to scaling grown meat production. The company’s overarching mission is to ensure culinary choices are kept, while combating climate crisis.
Founded by Illtud Llyr Dunsford and Dr. Marianne Ellis in the UK, Cellular Agriculture’s founding team combines centuries-old heritage in sustainable agriculture & food production with expertise in bioprocessing.
SO JUST SHOP: SO JUST SHOP is an accessories, homeware and gifting marketplace working directly with women-led artisans from some of the most vulnerable communities in the world. Shopping with SO JUST Shop enables reach to untapped artisan talents from all over the world. SO JUST Shop works directly with artisans on design and product development, supply chain transparency and mobile payments. ensuring all of the products are ethically, and where possible, sustainably made. The brand’s mission is to empower women through sustainable economic development by developing design and technological solutions to overcome barriers to international trade. The goal is to raise 250,000 women and their families, from some of the poorest communities in the world, out of poverty.
Other Year: Anti-Landfill, Pro-Planet, Other Year are building a fully circular footwear brand and changing the way people think about and consume footwear. Other Year aim to be the only sneakers with the end of life designed at the beginning of life. Made from the highest quality, lowest impact materials, the shoe is designed to be recyclable so when consumers have worn their pair for a chosen amount of time, they can be returned to the brand, disassembled and the separate parts recycled into new materials for new sneakers.
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