By Lisa Walls-Hester on 5th January 2017
Invesdor, the equity crowdfunding platform based in Finland announced that funds raised through its platform surpassed €25m just before 2016 ended and says it is on track to reap the same success for 2017.
The platform raised €7.1m of investment in 2015 and doubled that number in 2016 to €14.7m. The company says “Our goal for 2017 is to keep up with the habit of doubling investments, and reach €30m in new investments via our platform.”
It plans to achieve this target by focusing on bigger transactions and says “IPOs and other transactions concerning listed companies will most likely play an increasingly large part in our efforts to reach that goal, as we’ve seen the demand for digital fundraising among listed companies is growing quite nicely.”
“Ultimately we want to bring both listed and unlisted European growth investments under our umbrella.”
The platforms rapid growth in 2016 was fuelled by its own fundraise, it secured €1.2m from investors which included its existing largest external investor. Taaleri Oyj decided to substantially increase its ownership of Invesdor during the hidden phase of the offering, bringing its ownership of Invesdor to more than 10 per cent.
Invesdor, founded in 2012, claims to be the largest equity crowdfunding platform in the Nordic region. It has so far expanded into the UK, Norway and Denmark. In 2015 it acquired a Europe-wide Markets in Financial Instruments Directive or “MiFID” investment firm license. The license eases the process of establishing operations in many EU countries and the company told AltFi that as well as increasing its marketing in its established markets it is also considering entering Sweden, and is actively exploring partnership opportunities elsewhere in Europe.
Its vision is to become the go-to-place for European growth investments through a cross-border funding ecosystem.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.