Megathread - Crowdfunding

Investing and Markets 📈 Startups Crowdfunding 🔨
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Ovalmoney’s upcoming campaign is nearing, looks like it will launch via Seedrs. Pre-register more formally here.

Did everyone get the Bnext email? Looks like the round will open this Monday, on 28th October @ 8.30am. Looking at demand (10k pledges amounting to ~5mn EUR against a target of 1mn GBP, overfunding limit unknown), it might go fast, so I’m glad we know ahead of time!

Will drop that other raise in a few more days, going from the suggestions I might’ve overhyped it haha :rofl: but everyone’s actually getting closer !

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Does it begin with a B? :joy:

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Yes! No point hiding it now…!! :rofl:

Dutch neobroker Bux is crowdfunding!

Some of you might already know of the campaign being existing shareholders, as It is a pre-emption campaign. As a result, there is limited information (for new investors) and a cap on investments, so a bit naughty of me to publicise it maybe - please chill with what you invest, if anything. :laughing:

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The main blocker is how shit storing energy in dead weight is. The payoff time for acquiring/leasing space to do this in will be astronomical. The working examples are all reservoirs and they’re tiny, tiny percentages of our energy usage.

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Yeah I’ve been doing some research and it doesn’t look viable to me, will be leaving this one.

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Thanks for this. I saw the foreign language emails pop up but thought they were spam.

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I got the email, it’s one million Pounds rather than Euros

  • Round Target: 1 million pounds sterling
  • Start of the private Crowdequity (to switch from registered to investor): 28 October 8:30 a.m.
  • Public campaign to all Crowdcube: 30 October
  • Minimum investment: £12
  • Maximum investment: £50,000
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So Bnext will launch tomorrow @ 8.30am, that we already know.

Here is Bnext’s crowdfunding pitch video, well ahead of the launch :wink:

And for the impatient, here’s their campaign an hour early.

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I’ve contributed a small speculative amount!

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Thanks for this. Is anyone else surprised by the valuation seeming somewhat low? I think I remember reading a UK fintech pitch deck (it may have been Freetrade’s), where it put the average valuation at £892x users… on this measure Bnext would be closer to £300m.

Any other thoughts anyone has?

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It’s in Spain, so no. Also, even if it were in the UK, it’s sort of a bank, so it wouldn’t qualify either.

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BNext has raised more than £1M in less than two hours and it’s now over funding.

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I was thinking the same. There is a strong correlation between Monzo raises and a value of $1K per customer so would put them higher based on other raises. Possibly more an overvaluation of London based companies that an undervaluation of them!

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Any early indication of share price? I’ve been looking for “precio de la acción” but haven’t spotted it yet!

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I think they call it “participación” and not “acción”.

In one answer they say:

10 Libras es el mínimo que tiene CrowdCube, para invertir. Debido a la fluctuación del tipo de cambio, se ha puesto la cantidad de 12 Libras, que es la cantidad más aproximada al valor de la participación (14,70€ aproximadamente)

Which basically says the minimum investment of £12 is actually the share price which is around €14.70.

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Also invested in Bnext. Lets go !

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I typically only invest in EIS eligible companies through crowdfunding, but am tempted in BNext, given its low valuation/users ratio. But I don’t know the landscape of Spanish neo-banks, do they have much competition? How would you compare it to the UK?

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Heard this from Matt Cooper, Crowdcube’s CCO, through social media:

Finisterre, the clothing brand, will be crowdfunding. Pre-register here.

A Cornwall-based company, Finisterre are socially conscious and have a coastal image. They have 9 UK stores, and have grown their online business 60% YOY. They have been backed by active partners (LEON, Evans Cycles, Northern Monk).

Putting whether i’ll invest aside for a moment, it’s nice to see more established businesses pursue crowdfunding. Fashion seems particularly suited for crowdfunding (telligible nature, customer-centric, etc), so I hope this is one of many fashion campaigns.

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Quick update:

Zazu, the african neobanking startup, have launched their campaign.

Innis and Gunn, the craft brewer, look like they’ll be raising on Seedrs soon.

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