Nordic equity crowdfunding platform Invesdor has just raised €1.2m by crowdfunding on its own platform.
The company, which was founded in 2012, was able to raise the funding from 300 investors in 19 different countries.
And now Invesdor’s CEO says he plans to use the funding to affirm the platform’s place as the market leader in Scandinavia, as well as pushing its growth in the UK.
Speaking about the increase in competitors recently, CEO Lasse MÃ¤kelÃ¤ said: “We are facing a period of both high growth and heightening competition. There are interesting times ahead of us in European equity crowdfunding, and our investors seem to think so, too.
“Lately it has seemed like new competitors are popping up everywhere you look. This is a welcome change because it grows the market and creates pressure to improve the quality of services.
“However, the inevitable time of mergers and acquisitions looms ahead. It will be very interesting to see what happens in the next year to come.”
And tith the funding, Invesdor’s largest external shareholder, Nasdaq OMXH-listed Finnish wealth management group Taaleri Oyj, increased its stake in the crowdfunding platform.
Invesdor is based in Helsinki, Finland, and works on an equity basis, with funds only collected by investors if the company reaches its target.
The platform has so far seen €15.43m raised in 58 successful rounds, and has 140 companies currently listed.
Check out the platform here.