FundedByMe presents Annual Report – nearly doubles sales, increased growth and decreased cost Stockholm.
FundedByMe this morning hosted its annual General Assembly to which shareholders in Scandinavia’s fastest-growing crowdfunding platform - a group of the more-than 800 - were invited. Highlights of the Annual Report, which was presented at the assembly, include: The company shows a 90% growth on sales from the previous year.
Annual costs are down by 19%, compared to the year before.
The company has launched a strong focus on a new model for Joint Ventures internationally. Negotiations are currently underway with more than five new countries, with the ambition of launching these in 2017.
The average investment during 2016 on the platform was €3,261.
August 2016 was the month with the highest average investments at €13,936.
The biggest case of the year was the electric vehicle, Uniti, which raised a total of €1,22 million.
The average round on FundedByMe during 2016 raised €365,853.
FundedByMe currently has more than 81,000 global members.
More than €34 million has been raised using the FundedByMe crowdfunding platform.
Over the next year, the company plans to continue the growth of sales and focus on international expansion. “The year has been a turnaround year for FundedByMe where we have focused on international growth and development of the product, driving sales that will take the company to break-even and future profitability.” says Daniel Daboczy, CEO and co-founder of FundedByMe.