Forever Bambù 27 raised over $4.3 million (€3.5 million) on the Italian crowdfunding portal Opstart last December 31st, 2020, surpassing the maximum fundraising goal of $4.3 million (€3.5 million) in just over two months, one month ahead of the official closing date of the campaign.
There were 255 new members who joined with this capital increase, bringing Forever Bambù’s total membership to 630. The average investment was $16,340 (€13,307) and the maximum amount invested was $153,000 (€125,000). Forever Bambù 27 is part of Forever Bambù, a project born in 2014 with the aim of creating giant bamboo forests in all regions of Italy, and then using the product for industrial and food purposes.
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Forever Bambù 27 has just opened a third tranche of the campaign, reserved for professional investors and with a minimum investment threshold of $122,800 (€100,000)
The company then intends to open a campaign dedicated to Forever Bambù 28 in order to assist Forever Bambù 27 in the realization of the largest forest ever made and also to support in an important way all the research and development activities in the field of giant bamboo cultivation in Italy. In addition, at the end of 2020 Forever Bambù launched the first spa dedicated to the cultivation of giant bamboo through the merger of all the agricultural companies into a single large spa, which aims to become a reference for the entire market.
In the second half of 2021, the company aims to list on an international stock exchange, thus achieving crowd listing (IPO following crowdfunding). The listing has 3 objectives: to raise the communication level of the company, to continue to grow thanks to access to the capital market and to reward the 700 partners who have believed in the company and who will benefit from the immediate advantages and the revaluation of their investment given by the listing.
“We are happy that Forever Bambù has chosen Opstart as the platform for its crowdfunding. It is indeed a great pleasure to be able to continue to be a partner of Forever Bambù, a project that has upstream a very large financial structure that converges in a listing program through a crowd listing operation,” commented Giovanpaolo Arioldi, CEO of Opstart.
Emanuele Rissone, founder of Forever Bambù, explained: “The year 2021 will see us as protagonists with the creation of the biggest sector ever realized until now. Next spring, in fact, we will give life to the sector of Castiglione della Pescaia in the province of Grosseto, of 42 hectares, which will be purchased with the latest creations of the planet Forever Bambù: the Forever Bambù 27 innovative startup and the Forever Bambù 28 innovative startup. Forever Bambù is the first Italian initiative that combines a structured supply chain with the attention for the planet and the territories through the cultivation of giant bamboo. It is, in fact, a versatile, durable and sustainable material used in food and industry that can replace plastic and many other polluting resources. The company also offers an important response to the ongoing climate crisis: our giant bamboo forests have the ability to absorb CO2 from the air 36 times more than a traditional forest or woodland. A number so high that it places our project among the most important in our area, at least for the moment.”
Forever Bambù planted 76,400 trees in six years
Forever Bambù, based in Cernusco sul Naviglio (Milan), brings together 27 agricultural companies (soon to become 28) that in just 6 years have planted 76,400 trees in 85 hectares of property with the participation of over 700 members from 7 countries. Each of the 27 companies created so far owns a plot of land ranging from 2.5 to 15 hectares destined for bamboo plantation with the exception of Forever Bambù 27 which will create an entire forest of 42 hectares.
The various companies of the group Forever Bambù have already planted five forests, divided between Alessandria, Asti, Siena and Grosseto. With the AWorld App, the company supports the awareness campaign ActNow launched by the UN that promotes individual actions for climate change.
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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 Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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