Invesdor, first launched as a Nordic securities crowdfunding platform, is reporting 2020 numbers of €25.9 million in funding for the year from 6100 individual transactions.
In mid-2019, Invesdor completed a merger with online debt platform Finnest – a Fintech based in Austria. The combination of the two platforms is an interesting strategic decision as it effectively combined an early-stage investing platform with a peer to peer lender that is well-positioned to grow in the DACH market (Germany-Austria-Switzerland).
As the European Commission approved pan-European crowdfunding rules, with a funding cap of €5 million, Invesdor is queued up for European growth. At the very beginning of 2020, Invesdor Ltd announced that a funding round had closed at the end of 2019 raising €1.86 million from a “selected group of large scale investors,” current shareholders, and some employees – providing additional capital to continue its European expansion plans.
In the end of the year update, Invesdor pointed to several notable events that took place during the year. According to the company, five public offerings topped €1 million with two surpassing €2 million. Injeq, a Medtech firm based in Finland, raised over €2 million in under two days listed on Invesdor.
It is important to see the scaling of offering sizes. This, along with debt offerings, should help make the platform profitable over time (or sustainable).
Expect to see more initiatives spanning the European continent in 2021. Invesdor has long coveted pan-European securities offerings and 2021 should be the year that it can effectively execute on this vision.