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Yoogaia receives €500K in VC funding

Venture Capital - General

FundedByMe’s strategic decision to focus mainly on business building crowdfunding has proven to be a success: In July 2014, the Finnish interactive yoga platform Yoogaia successfully closed their crowdfunding round via FundedByMe at €100K. Only three months later they succeeded to attract one of the leading venture capital firms in the Nordics, Inventure, and raised €500K for further development and expansions.

”Our mission is to provide a financial service that creates a stair for the companies to climb upwards in the eco system of funding”, says Daniel Daboczy, CEO and co-founder of FundedByMe. “That Yoogaia received this investment is a proof that equity crowdfunding via FundedByMe is a trustworthy and effective tool to validate an idea, a team or an execution.”

FundedByMe today offers both equity- and reward based crowdfunding. Before the end of Q4 2014, the company aims to launch a loan based crowdfunding product in Sweden and thereby offer a full spectrum of crowd investment services. Since the launching of equity crowdfunding in 2012 FundedByMe has closed 42 such cases in Europe and Asia. In total, FundedByMe has raised over €6M in thousands of campaigns since 2011.

“Business builders choose us because they know that we provide a platform where entrepreneurs are able meet with professional investors in the easiest possible way. Having their trust is the core of our business”, says Daboczy.

FundedByMe is the fastest-growing crowd financing platform, connecting investors and entrepreneurs – be it through reward-based crowdfunding or with equity offers. Founded in April 2011 in Sweden, FundedByMe today operates with additional offices in Finland, Denmark, Norway, Spain, Italy, Germany and Singapore.

For more information, visit www.fundedbyme.com.

MIGUEL Á. L. TRUJILLO - miguel@fundedbyme.com. Country Manager FundedByMe - Spain
https://www.facebook.com/FundedbymeEspana

Source: FundedByMe

http://www.mynewsdesk.com/se/fundedbyme/pressreleases/equity-crowdfunding-works-fundedbyme-success-story-yoogaia-receives-eu500k-in-vc-funding-1065265
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