Finding it difficult to coax your local bank to extend the overdraft facility? Or showing a marked disinterest in funding your business's cash flow requirements? Don't be at a loss — try your luck with "crowdinvesting".
The chances are that if your business — either start-up or in an early stage operation — manages a convincing narrative of its prospects, investors from much further afield could be willing to look at it. "Crowdinvesting is creating much larger deal flows and there are big investors signing on businesses by putting up significant amounts of cash," said
"Small businesses realise that in the off-line world trying to have 50 different conversations with banks or other lenders and then not having much to show for it is just not efficient."
To date, eureeca.com has built up an investor base of more than 5,000 — including venture capital funds from
But is it the nature of this region that individual investors coming in park much larger funds than is the case elsewhere? "As crowdinvesting goes more mainstream, ticket sizes will get bigger," said Thomas. "That's when you tend to get, for instance, six investors coming with
The biggest single investor funding that eureeca.com has been via media was for
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