Open Seed signs a partnership and goes overfunding on CrowdFundMe
The company has recently signed a partnership with CrowdFundMe, and it has also launched a crowdfunding campaign. Open Seed has already raised $288,000 (€240,000) compared to a minimum target of $96,000 (€80,000). The company plans to invest in six new startups. Open Seed’s portfolio, which has tripled in value in 3 years, includes several CrowdFundMe issuers.
The accelerator Open Seed has signed an agreement with the Italian crowdinvesting platform listed on Aim Italia CrowdFundMe, with the aim of identifying the best innovative startups to be proposed to the portal. Open Seed is also running an equity crowdfunding campaign on CrowdFundMe, launched last March and active until May 24th. The company, with a valuation of $1.7 million (€1.4 million), has already been overfunded by 302%, raising over $288,000 (€240,000) compared to a minimum target of $96,000 (€80,000).
Read more about the partnership between Open Seed and CrowdFundMe and find the most important finance news in the world with the Born2Invest mobile app.
Open Seed plans to invest in innovative startups
Open Seed intends to use the capital raised with the ongoing equity crowdfunding to invest in six new startups. At the moment the following have been pre-selected: Fakebusters (information and fact-checking app), Genuino.Zero (agrifood), Co-Robotics (robotics), Tips Here (real estate listings), Mio Meal (food delivery), and MyRa (fintech). In the future, the capital raised can also be invested in other high-potential startups, selected through the continuous scouting of BusinessAngels.Network, which, thanks to its platform, collects applications and analyzes dozens of startups every year.
Lorenzo Ferrara, president of Open Seed, said: “We have supported CrowdFundMe since the beginning, when the equity crowdfunding sector was still unknown. Until now there was no formal agreement, but in these years we have worked closely with the founders of the portal, Tommaso Baldissera and Benedetto Pirro, with whom we share the innovative and ambitious approach to the world of startups. Now we take a further step forward to strengthen our relationship and find new opportunities. Crowdfunding, in fact, is growing but it is still at the beginning of its history and the development margins are high, especially considering that people are increasingly used to using the eeb and digital tools.”
Tommaso Baldissera Pacchetti, CEO of CrowdFundMe, added: “Business accelerators and venture capitalists are increasingly drawing on the rich pool of equity crowdfunding to finance the growth and development of their startups. What until a few months ago was called alternative finance can now be called, in its own right, main finance.”
Open Seed was founded back in 2016
Open Seed is a holding company founded in 2016 by Lorenzo Ferrara (president, digital entrepreneur, president, and coordinator of the association BusinessAngels.Network) and Francesco Maggio (CFO for KValue, a company that supports companies in digital transformation). The objective of Open Seed is to finance high-potential pre-seed startups and support them in their growth path. For the selection, the holding company leverages on a solid network of innovation pioneers, from LVenture to BusinessAngels.Network.
The company, composed of 30 partners with high sector experience among professionals and entrepreneurs, holds 15 participations and 6 exclusive agreements for new investments. Open Seed’s portfolio, which has tripled in value in 3 years, includes several CrowdFundMe issuers, such as: FrescoFrigo, a producer of hi-tech vending machines; Tulips, a pure online supermarket; CleanBnB, a company specialized in short term rentals landed on Aim Italia in July 2019. Open Seed also holds shares in Treedom, a Florentine platform for planting trees remotely, and Fitprime, a digital platform dedicated to fitness. In 2017, the year Open Seed invested in it, the company had a valuation of $12 million (€10 million). Currently, it is worth $42 million (€35 million).
(Featured image by WFranz via Pixabay)
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 Crowdfunding buzz, 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.
A Look at Barron’s Bond Yields – 1934 to 2023
This inflation hurt the bondholders for both IG and BG bonds, those who lent dollars worth more, much more than...
Why Is Everyone So Afraid of ChatGPT?
ChatGPT is clearly the most popular AI tool today, not least in the marketing industry, and copywriting is a sector...
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 22]
This week we're waking the dead as we go back to the metaverse baby. With Apple soon announcing its long-awaited...
Bullish on Bitcoin? – Blackrock CEO Warns of “Debt Ceiling Drama”
Many bitcoin and cryptocurrency investor advocates view BTC as a hedge against inflation and debt concerns, especially as central banks...
Docline Prepares a New Round of 6 Million for 2024
Docline maintains an agreement with Mapfre, with whom it offers digital health programs to the company's policyholders; with the Ballesol retirement...