FundedByMe announces a new round of equity crowdfunding for own further expansion. Unicorns are real and anyone can own one.
FundedByMe, now represented in 6 countries, has seen an impressive journey since its introduction to equity crowdfunding in 2012. The company is now preparing for its next phase which is in line with a fast global expansion. An initial public offering (IPO/stock listing) is in the pipeline for 2018 with the focus on market consolidation. Proving that they can create both a market and a brand with its successful method. Closing books of 2016 show a near 100% increase in sales, continuous growth and heavy cuts in costs.
On the 10th of November, FundedByMe will open for a new crowdfunding round, on its own platform, and allow the public to invest. A previous financing round secured 11 million SEK (€ 1.1M), from 383 investors. This round aims to secure investment between 5 - 20 million SEK (€ 518K - 2.1M ), at a share price of 58 SEK / share (~€ 6). Interested takes can secure their ownership at https://www.investinfundedbyme.com/
During 2017 the company has shown: a breakeven month, initiated deep partnerships with different companies (as for example stock exchange listed Privanet), established beachfronts on two continents and has broken more crowdfunding records. Furthermore, the company was placed as number one in the first round of The European Fintech Awards 2017. During 2017, they have also added board members with a proven track record from stock exchange listed companies and successfully changed focus towards sales.
FundedByMe has a database of nearly 100,000 registered investors that have invested more than 400MSEK (€ 41.5M),in hundreds of companies. The average investment 2016 was 32,000SEK (€ 3318), the average funding round 3,2MSEK (€ 331812), plus a round of over 20MSEK (€ 2.1M), has been done, like for instance lately with the extremely successful campaign for Paradiset that mobilised over 5000 investors. With that said, they have established a market leader position in the European equity crowdfunding segment, with the unique offering of an Asian market exposure via the Singapore and Malaysia joint ventures.
“We were early out in identifying the trends to what today is known as the sharing-economy and are today common strategies for all type of companies, to say: engaging and involving their owners directly. We stood by our vision and delivered on it. Not only did we create a global company, we created a whole new market segment. Coming years look very promising and we keep identifying new trends that we are acting on.” says Daniel Daboczy, CEO, FundedByMe.