Startup Geeks Closes Campaign on CrowdFundMe Raising €945,000

Startup Geeks, an edutech that accelerates startups, has closed a €945,000 funding round on equity crowdfunding platform CrowdFundMe after only seven days, with a minimum goal of €150,000 and a pre-money valuation of €6.6 million.

Among the 240 investors was also Seed Money. The company also has an ongoing crowdfunding campaign on the same platform that is set to conclude within 18 days, with which it has already raised over €300,000 against a pre-money valuation of €2.2 million.

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Startup Geeks plans to also enter the markets in Germany, France, and Spain

The funds raised in this campaign will be used to consolidate the position achieved in the Italian market, increase team resources, and accelerate B2B business, but also invest in an internationalization process in Europe, with a particular focus on Germany, Spain, and France.

Startup Geeks was created in January 2019 from the idea of Alessio Boceda and Giulia D’Amato, with the intention of making the startup world known, attractive, and connected. In just a few months, it has become the largest community of Italian startuppers thanks to continuous dissemination on entrepreneurship issues: 5 e-books, more than 140 interviews with founders, and numerous webinars with experts from the world of entrepreneurship. In just over a year, more than 300 startups have joined Startup Geeks Premium, the community where startup founders can share their experience with selected and highly qualified mentors, getting support and tools to launch their own business idea.

In 2020, it launched the online incubator Startup Builder, a 10-week journey in which founders and mentors brainstorm how to take a business idea to the next level. The Startup Builder has already supported 788 projects with a total of more than 1,800 people trained. On the other hand, it has launched entrepreneurship tracks to work on employee engagement in large companies, already collaborating with several entities, from Eni to NTT Data and Italdesign.

Alessio Boceda and Giulia D’Amato, co-founders of Startup Geeks said, “We are happy with the trust placed in our project: our goal is to support the ecosystem of innovation in Italy and entrepreneurship through education, and we have managed to involve in our mission not only professional investors but also entrepreneurs, managers and professionals who take part in our initiatives since our inception.”

As for Seed Money, thanks to the platform provided by Startup Geeks with hundreds of coaches, mentors, materials, and training hours, it will be able to offer selected founders more opportunities for success. Indeed, the recently launched partnership will allow Startup Geeks’ technology to be used to train the founders of accelerated companies.

Promoted in 2014, by Seed Venture Partners, it has a diverse portfolio of 26 carefully selected startups, 19 of which are also accelerated, 580 partners, and a team of experienced business angels. It had already used equity crowdfunding as a fundraising tool in 2018, on a minimum target of €50,000 and a pre-money valuation of €1 million, with a raise of €184,000, and in 2021 on a minimum target of €50,000 and a pre-money valuation of €1.5 million, with a raise of €500,000.

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(Featured image by viarami 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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