a2censo raised $700 million for Aoxlab, the largest campaign it has ever run

With the new resources, the research company will be able to increase its workforce from 23 to 26 direct jobs by 2021.

a2censo, the investment platform for SMEs, announced that it closed its largest campaign to date, raising 443 investors and $700 million in just four hours at a rate of 12% Annual Percentage Rate (CAGR) for Aoxlab, a company with nine years in the research and science sector.

With this transaction, a2censo surpassed $10 billion funded with more than 2,000 active investors in the collaborative ecosystem.

According to data from the research sector company, Latin American companies need to send their products to other countries with high analysis costs and long waiting times. In Colombia, the Colombian coffee, cocoa, pharmaceutical, and food industries demand more than 20 million specialized laboratory and service tests that generally need to be done in another country.

This was the great opportunity for specialized services that Aoxlab identified for its growth, which is why it turned to a2censo to invest in the acquisition of specialized equipment that will allow it to expand its service offerings and certify its products at an international level.

If you want to find more details about a2censo and to read other financial headlines, download for free the Born2Invest mobile app.

The company will increase its turnover in the next five years to $5.9 billion 

Yasmín Lopera, general manager and technical director of Aoxlab, emphasized that “we turned to a2censo because we needed a very high amount and it was not going to be so easy to acquire it through traditional financing mechanisms and in a short period of time. In another case, we would have had to look for a strategic partner and lose part of the company’s share. The crowdfunding model can be very beneficial to accelerate business and growth of companies in the short and long term.”

The resources obtained in the collaborative ecosystem will allow them to increase their turnover from $2.8 billion in 2020 to $5.9 billion in less than five years, expanding the services offered by 30%.

In turn, this growth driven by a2censo.com will allow them to increase their staff from 23 to 26 direct jobs in 2021.

__

(Featured image by Pixabay via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in LA REPUBLICA, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.