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Eureeca closes self-funding round, raising $400,000 in 12 days

Eureeca closes self-funding round, raising $400,000 in 12 days

Pioneering global crowdfunding platform attracted expansion capital from 44 global investors

Eureeca, the first regulated global equity crowdfunding platform, today announced that it successfully closed its self-crowdfunding campaign having raised $400,000 in just 12 days of being online. The campaign was launched after customers repeatedly expressed interest in investing in Eureeca itself, ever since its inception three years ago.

This year has marked a turning point for our business and we felt strongly that now was the right time to launch our Eureeca on Eureeca campaign, giving back and sharing the success with those who have believed in us from the start,” said Sam Quawasmi, Co-CEO and Co-founder of Dubai-headquartered Eureeca, which currently has over 12,000 active investors from 42 countries with an average investment size of $5,900. “We were both delighted and surprised that we were able to close the round so quickly and we feel that this firmly validates our position as a leader in equity crowdfunding and highlights the growing demand for a crowdinvesting marketplace offering a global solution.”

The campaign, which went live on 26 July and was fully funded within 12 days, attracted 44 institutional and everyday investors from UAE, UK, India, Saudi Arabia, Netherlands, Italy, Canada and Jordan, reinforcing Eureeca’s global positioning as a single digital platform, with access to multiple markets.

37% of investors in the round had previously invested in deals on the platform, with one customer investing in 85% of the companies listed on Eureeca, highlighting the platforms’ unique and varied investment opportunities.

The willingness of investors to fund the Eureeca on Eureeca self-funding round underpins the adoption of crowdfunding in emerging markets and strengthens Eureeca’s role as the pioneer in connecting the next generation of investors and small to medium size entrepreneurs across borders.

Chris Thomas, Co-CEO and Co-founder of Eureeca said: “Our self-funding experience has gone a long way to reinforce how effective the guidance and tools we provide our entrepreneurs can be when implemented correctly. It shows that the system really does work and that motivating your own network to become part of your growth journey will equip you with an army of global brand ambassadors who are committed to seeing you succeed in your business venture for years to come.”

The capital raised will be used to fuel Eureeca’s aggressive growth plans in Continental Europe and Southeast Asia, as well the continued development of their equity product offering in 2016, including nominee structure investment services, the first equity crowdfunding insurance from American International Group (AIG), and a minimum-maximum raise feature for issuers.

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