Popular European Crowdfunding Site FundedByMe Piloting €400k Investment Round in Safello

FundedByMe, a popular European crowdfunding site, has launched a 45-day pilot project to gauge public interest in Bitcoin ventures. The

FundedByMe, a popular European crowdfunding site, has launched a 45-day pilot project to gauge public interest in Bitcoin ventures.

The site claims to be the fasted growing crowdfunding platform, stating to have catered to over 50,000 investors to date. It is now looking to raise €472,634 ($510,400) for Safello, a Sweden-based bitcoin brokerage.

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Of the dozen or so ongoing campaigns, Safello’s has advanced to the top in terms of popularity. Only six days in, 98 investors have contributed, propelling the campaign to achieve 89% of its investment goal.

Safello’s management will carefully analyze the results of the campaign, according to FundedByMe CEO and Founder Daniel Deboczy. He believes that the Bitcoin and venture investing worlds go well together, explaining:

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“We see that among our investors, a great many of them are early-adopters. We also know that bitcoin users are familiar with new inventions at an early stage. That’s why we thought that we may offer both groups something interesting.”

Safello CEO and co-founder Frank Schuil took it a step further, saying that many of his clients would be interested in investing in the company with bitcoins, if they had a chance. “For customers who are already verified with Safello, this will also be the easiest way to invest,” he said.

The lead investor is Barry Silbert’s Digital Currency Group.

Update March 23, 15:43 GMT: Safello was also just accepted into the Techstars-powered Barclays Accelerator program. They are one of ten accepted companies out of hundreds of applicants, and together with two other Bitcoin-related startups, are the first such ventures to be accepted into the program.

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