FundedByMe Equity, a Stockholm, Sweden based fintech company passed half a billion SEK in crowdfunded capital to the campaigns on the platform in March 2018, that is over $61,546,000.00 in USD, since its inception September 2012 as an equity branch to FundedByMe which was founded in March 2011. The company was founded by Arno Smit and Daniel Daboczy.
“FundedByMe offers something new to private investors, and the 500 million SEK raised demonstrates that it is a high demand for our services. FundedByMe is a pioneer, which gives the company a unique position, but also an obligation to responsibly shape the future market for unlisted companies. We want to make investing in unlisted companies an option for everyone, in other words, available to both women and men in a wide range of ages. We already see that female entrepreneurs and investors dare to take more space with us than in other traditional financial investments,” said Michaela Berglund, Marketing Manager who was brought onboard in February 2018.
A continuous positive trend after a successful financing round that closed in the fourth quarter of 2017. The company is now investing for continued growth nationally and internationally with new hires and the opening of a new office in Poland. Other locations include Dubai, Finland, Malaysia, and Singapore. There are no plans at the moment to open an office in the U.S.
Comparing their growth from a year ago, eleven campaigns have already reached and passed their 100% goal, an increase compared to the 33 campaigns in 2017.
FundedByMe is the fastest growing equity crowdfunding platform in Scandinavia and one of the only full-service platforms offering capital through equity crowdfunding. In the past years, some 470 companies from 25 different countries have been successfully funded with more than €50 million. The member base is a rapidly expanding network of more than 109,000 investors from nearly 200 countries around the world.
Equity Crowdfunding Platforms
There are a number of equity crowdfunding platforms. As Brian Martucci from Money Crashers wrote in his blog: “In the months and years following the passage of the JOBS Act, numerous equity crowdfunding platforms – such as Wefunder and Localstake – have arisen to complement a smattering of existing platforms (AngelList and EquityNet both preceded the JOBS Act).”
“I am overwhelmed and proud of what we have achieved as a team in recent years. Fintech with scalable global technology enables more people to gain access to capital. It offers a large group of people opportunities to look at and consider whether they want to be a part of entrepreneurs journeys.” said Arno Smit in a press statement.