Invesdor, a securities crowdfunding platform serving Europe, is raising growth capital for itself. Invesdor is actually the combination of multiple platforms: Invesdor, plus Finnest (Austria) and Kapilendo (Germany). The trio combined under a single banner selecting Invesdor as its brand.
According to an email, on the first day of the offering going live, over €1.4 Million was invested in the offering.
Invesdor is pitching a convertible bond that pays an 8% coupon, holding a 20% conversion discount. The convertible matures in July of 2025. The price per security is €250.
Founded in Finland in 2012, Invesdor’s offering page highlights the platform’s progress reporting 533 funded projects raising over €330 million with 127,000 registered users.
Last year, the European Union approved new rules for pan-European securities crowdfunding where issuers may raise up to €5 million across all member states. To comply with these rules, a platform must be regulated by a relevant authority in a single European country. Invesdor indicates that authorization under the new rules is currently in progress. Due to its presence in DACH countries, Invesdor should be well-positioned to expand across the EU.
Invesdor claims “strong returns, high exit proceeds and over €19 million in paid out interest are very positive indicators and have allowed our crowd to continue to grow steadily.”
Beyond completing the approval to operate across the EU, Invesdor says the use of funds include the integration of “one or two more European crowdfunding platforms in the next 24 months. Invesdor indicates it will focus on the Benelux and/or Scandanavian regions. The company also wants to add new asset classes while increasing secondary market tradability.
Christopher Grätz, CEO of Invesdor has posted a comment regarding his thoughts on the European investment crowdfunding market:
“The new ECSP [European Crowdfunding Securities Provider] regulation, which has enabled uniform rules for crowdfunding in Europe since November 2021, provided these early thoughts with [a] tailwind. Uniform regulations continue to drive the strong expansion trend forward. Through the unification of the 3 independently successful platforms Kapilendo in Germany, Finnest in Austria and Invesdor in Finland, we are already one of the leading players in Europe. From this position of strength, we want to continue to drive our inorganic growth. The Finnish national market is the second largest market in equity crowdfunding after the UK. This gives us an optimal starting point in this field. For further mergers and acquisitions, we are increasingly looking at the BENELUX and Scandinavian national markets.”
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