Invesdor, a securities crowdfunding platform that aims to emerge as the dominant online capital formation company in Europe, has distributed a few new details on its pending merger with the Netherlands-based Oneplanetcrowd.
As was reported last month, Invesdor Group announced the merger of the two online investment platforms, contingent upon regulatory approval. Details on the transaction were not provided.
While not sharing the economic details of the merger, Invesdor has distributed an email with a bit more information.
Regarding regulatory approval of the business combination, Invesdor states that relevant shareholders have already approved the merger. Currently, “nothing is standing in the way of the final merger after formal confirmation by the supervisory authorities.”
Invesdor, which has mostly operated in Northern Europe, said that investors will be served via offices in Amsterdam, Berlin, Helsinki and Vienna. Domestic languages will be continued.
When will it be possible to invest in projects from both platforms? Invesdor states that you may already invest in all Invesdor and Oneplanetcrowd projects today. At some point in 2023, all investment opportunities in all countries and languages will be made available in a seamless environment. You only need a single account to invest on either platform. Additionally, the minimum investment amount will be €250.
Oneplanetcrowd allows early-stage firms, including sustainable energy projects, to raise capital from individuals interested in social impact investing. Oneplanetcrowd reports over 43,000 investors having completed 300 funding rounds. As of September 2022, Oneplanetcrowd has originated over €100 million in funding.
In 2021, European Union-wide rules were approved for pan-European securities offerings ushering in a new era of online capital formation. Platforms must first be regulated by their relevant authority prior to operating across Europe. Issuers are allowed to raise up to €5 million from investors in all member states.
Invesdor has scheduled a Q&A with executives on January 12, 2023, at CET at 5 PM to answer additional questions.