Original version of this post was written by Wamda
platform Eureeca has announced today they have
raised $400,000 on their platform for themselves.
closed the self-funding round in just 12 days and said they started the
campaign due to customers repeatedly expressing an interest in investing in
According to a statement issued by Eureeca today, the capital
raised will be used to fuel its aggressive growth plans in Continental Europe
and Southeast Asia, as well as the continued development of their equity
product offering in 2016.
Started in 2013 by Co-CEOs are Chris Thomas and Sam Quawasmi, the
platform operates an all-or-nothing system - if you don’t raise all the funds
you need you collect no money.
They are headquartered in Dubai with offices in Amsterdam, London
and Kuala Lumpur. They currently have over 12,000 active investors from 42
countries, with an average investment size of $5,900.
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,” Thomas said in a statement.
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.”
global ambitions of the Dubai-born platform was made clear at the start of 2015
when they received regulatory approval from the UK's Financial Conduct
Authority (FCA). This allows them to list British early-stage businesses and
SMEs on its platform.