The European platform for crowdfunding “FundedByMe” with more than 28,000 international investors, has started operating in Spain with the intention of funding for entrepreneurs achieve and maintain their average of 150,000 per project. 40 in 2014 is expected to close in the Spanish market.
Responsible FundedByMe in Spain, Miguel Ángel Trujillo, said today that, in an economic crisis, the crowdfunding opens new avenues of funding for entrepreneurs, which also are complementary to the more usual means such as “business angels” and venture capital .
The average campaign FundedByMe, operating already in Sweden, Finland, Denmark, Norway, Germany, Singapore and Italy, is 150,000 euros of investment per project and expect to close in a year in Spain in 2014 40 As could provide 6 million euros for Spanish entrepreneurial projects.
In Spain there are many projects and that number will increase later due to the broad base of international investors has FundedByMe, he added.
Trujillo told EFE that crowdfunding allows “order small amounts of money to a large number of people” to invest, either by using personal contacts and social networks. “In Spain have much pull, are a very social country and are engaged in an economic crisis, so to participate in these projects with very small economic amounts allowed to have a great opportunity.”
“Spain is a country and unbanked entrepreneurs have little access to finance. The banks are not the only way, “he said. He reminded that many entrepreneurs have to start initiatives in many cases due to known or potential clients, who are “those who have to risk when the project is started. That’s fine crowdfunding “.
Global COO of FundedByMe, Pontus Frohde, told EFE that the platform has chosen Spain to be “a country with great potential and many entrepreneurs who need additional funding to the bank.”
To achieve this funding, “an entrepreneur has to register on FundedByMe and submit documentation to investors. So you have access to 28,000 entrepreneurs around the world. “
At the launch of the platform in the Instituto de Empresa (IE) in Madrid has had the participation of the president of the Center for Entrepreneurship and Innovation at the business school, Juan Jose Guemes, and has gathered more than 50 entities in the world Equity investors, entrepreneurs, public institutions and business angels accelerator.
Guemes assessed crowdfunding in the entrepreneurial world and explained the agreement between IE and this platform to expand internationally this form of financing.
Crowdfunding of FundedByMe (collective financing options provides entrepreneurs with models based on rewards and actions) allows “any person in need of financing have the opportunity to leverage our broad base of more than 28,000 international investors,” said Frohde.