Seed Money’s Third Campaign Started on CrowdFundMe

Seed Money, an investment vehicle and accelerator for early-stage startups supporting entrepreneurial ventures with very high potential launched its third equity crowdfunding campaign on the CrowdFundMe platform, with a maximum target of €500,000 based on a pre-money valuation of €2.2 million. To date, 55 days after the campaign closed, it has already exceeded the minimum goal and raised capital of €111,000 from 47 investors.

Promoted in 2014 by Seed Venture Partners, Seed Money has already raised capital on CrowdFundMe. The first-time €184,000 in 2018 based on a pre-money valuation of €1 million, and the second time was €500,000 in 2021 with a pre-money valuation of €1.5 million.

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Seed Money was founded by president Francesco Zorgno (CEO and co-founder of CleanBnB) and Federico Barcherini, joined on the team by general manager Marco Rizzelli

To date, the company has as many as 580 members and, thanks to the capital raised in the previous two rounds, has a diversified portfolio of 26 startups, 19 of which are also accelerated. All startups are proving to be good investments, as the holdings acquired in the last 12 months have revalued by 100 percent, while in the last 4 years, the portfolio holdings have revalued by 210 percent.

Among others, Seed Money has invested in Locare, the startup that deals with rent care and rent warranty, offering landlords or real estate brokers advisory services on various types of leases; in GimmeLike, the app that connects SMEs with millennials through market surveys; in food delivery Offlunch; in Magicart, a company that developed an app that finds the best supermarket deals to save money on groceries; as well as in RepUp, the startup that helps restaurant, bar, and ice cream shop owners manage the reputation of their establishments.

It also accelerated Sailsquare, a leading operator of sailing vacations, and GasGas, a scaleup that provides users with a network of charging stations for electric cars, which, in turn, a few months ago went 290% overfunded in a round on the CrowdFundMe platform, raising €1.5 million. In addition, Seed Money incubated and accelerated CleanBnB, the short-term rentals startup led by Francesco Zorgno (former co-founder of Seed Money), which was incubated and accelerated in Seed Money and then listed on Aim.

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(Featured image by nattanan23 via Pixabay)

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

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