Wefunder, the top US platform for firms raising capital using Reg CF, has kicked off its European expansion with 12 securities offerings.
As was reported last month, Wefunder was approved Wefunder was approved in the Netherlands to issue Securites under the new EU rules. ECSPRECSPR or European Crowdfunding Securities Regulation allows a company to raise up to €5 million in a given year. Investors may participate from any EU member state. The platform must be first approved by the relevant authority in a single EU country.
Wefunder indicated its intent allow investors from both the EU and the US to participate in these offerings thus expanding the market for issuers raising capital on the Wefunder platform.
The first twelve issuers are as follows:
- AheadApp (Germany),
- Barnabrew (Spain),
- CURE (Germany),
- Everjump (Germany),
- Housers (Spain),
- Klaeny (Germany),
- Kombuchery (Germany),
- LastBasic (Spain),
- Stack Browser (Netherlands),
- Volup (Portugal),
- Wedio (Denmark),
- Zeedz (Germany).
Nick Tommarello, CEO and co-founder of Wefunder, issued a statement on the official launch saying they have worked tirelessly to democratize access to capital for over a decade. Tommarello said listing securities for EU based company is “incredibly exciting.”
“One of the most powerful forces in the world is when someone believes in your company and backs it up with a bit of their own money. Wefunder now allows that to happen, at scale in the US and EU,” stated Tomarello.
Maximilian Seedorf, CEO & Founder of Kombuche one of the companies raising capital on Wefunder EU Wefunder offers them the possibility to have a professional setup for tens of thousands of customers as well as “experienced investors from all over the world.”
Daniel Bodholdt Sand, CEO an co-founder of another firm raising capital on Wefunder EU, said they have been waiting for years to raise money just like US companies have been able to do.
“As a community-centric platform it just makes so much sense for us to get everyone involved in our long term success.”
Wefunder, who labels the securities offerings as “Community Rounds” noted that since its founding in 2013 it has helped to raise $575 million online, providing access to capital to 2,293 founders. Wefunder estimates that issuers that have utilized its services have created over 35,000 jobs.
Wefunder is not alone in seeking to enable capital formation across the EU with around ten platforms approved and more on the way.EU with around ten platforms approved and more on the way.
Wefunder should also have some competition in the US as Republic’s acquisition of Seedrs in the UK has positioned it to tap into the EU, UK and US.
Platforms in the EU have until November 2023 to become compliant under the new rules which were established in 2021.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!