18 December 2017
Visit http://cib.db.com

ECrowd! raises more than €300K in second round of funding

25 November 2016  |  7086 views  |  0 Source: ECrowd!

The debt crowdfunding - also known as crowdlending- platform ECrowd!, specializing in sustainable investments, has closed an investment round of € 307,900 through the online investment platform Crowdcube (equity crowdfunding).

This is the second round of funding which ECrowd! has closed in just over a year. In all, 135 private investors have participated in the round in exchange for 10.24% of the capital of the company. The largest investment was € 76,000, coming from a private professional investor.

In September 2015, ECrowd! closed its first seed round on Crowdcube, raising €154.000 from 48 individual investors. This time again, the promoters exceeded their expectations, reaching one hundred percent of the €250.000 funding target in just two weeks. The round eventually closed 18 days after its publication date, with an overfunding of 23%.

“The success of this round strongly validates our model, which leverages the 3 fundamental trends of the financial disintermediation through “fintech”, the collaborative economy and the need for sustainable development and transition to a low carbon economy” said Matthieu van Haperen, CEO and co-founder of ECrowd!. “Over the past 2 years, we have built a very useful and powerful product. With this round, we now have the means to scale it and really lead the transformation towards sustainable, responsible and profitable collaborative finance.

Pepe Borrel, CEO of Crowdcube, added: “ The success of ECrowd! is a tremendous example of the strength of the alternative finance model provided by crowdfunding. With this latest campaign, we’re really proud to continue to lead the way throughout Europe, and particularly here in Spain, for equity crowdfunding for companies with high growth potential.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit http://cib.db.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11295 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10312 views comments | 21 tweets | 25 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7801 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7524 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7438 views comments | 6 tweets | 26 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job