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.”
First appeared at Finextra