Swedish equity crowdfunding platform FundedByMe has launched a crowdfunding campaign on its own platform, after getting approval from the Swedish Companies Registry Office. The company is seeking €1 million and the minimum investment is €968. The company’s pre-money valuation is €18.7 million and each share is worth €5.27. The equity on offer is equal to 4.28% of the company.
Founded in March 2011 in Stockholm, FundedByMe has a local presence in Finland, Singapore and Malaysia. FundedByMe offers two kinds of crowdfunding opportunities – loan-based and equity crowdfunding – and has helped 446 companies from 25 different countries to raise more than €19.1 million since inception.
This is not the first time that FundedByMe has sought capital via its own platform. The company raised €469,744.00 in 2012 and €683,264 in 2014.
Daniel Daboczy, CEO and co-founder, commented on the recent launch:
“With the force of more than 500 new investors registering their interest to participate prior to us launching, we have high expectations for what is likely to be FundedByMe’s last own crowdfunding round. The momentum of the previous two rounds blew us away and it will be interesting to watch this campaign – particularly considering the way the market has matured when it comes to crowdfunding,”
The company has already raised €555,442 (69% of the goal), courtesy of 154 investors. The campaign will end on the 25th of June and investors have other 37 days to buy up the remainder of the shares.
This week we’ve already seen the launch of a crowdfunding campaign by Invesdor, another Scandinavian equity crowdfunding platform. The company aims to raise between €750,000 and €1,500,000 and the amount of equity on offer depends on the amount raised, ranging from 5.88 per cent to 11.11 per cent. The company’s pre-money valuation is €11,999,919.
It would appear that there’s something of an arms race developing within the Scandinavian equity crowdfunding sector. One to keep an eye on.