Grant Thornton and crowdfunding platform FundedByMe enter partnership

Grant Thornton and crowdfunding platform FundedByMe enter partnership

Crowdfunding – when companies turn to a crowd of investors to fund projects or ideas – is growing rapidly. Now, auditing and consulting firm Grant Thornton in Sweden partners with the crowdfunding platform, FundedByMe, with more than 50,000 investors in over 160 countries. The success stories include – among many others – Berries by Astrid, Virtuos Vodka and Isbjörn of Sweden.

The purpose of the partnership for Grant Thornton and FundedByMe is to develop entrepreneurship and support companies in their startup phases. For Grant Thornton this primarily means offering valuation services to entrepreneurs, hence facilitating for entrepreneurs and investors to connect and close deals at the right level.

– We believe that FundedByMe’s digital service is completely in tune with the times and that crowdfunding will continue to grow fast, both in Sweden and internationally and especially among young entrepreneurs. We are happy that through this partnership, we are able to support Swedish entrepreneurs in need of funding and thereby contribute to growth, says Carl-Johan Regell, authorized accountant and partner at Grant Thornton Sweden.

We realized several years ago that we wanted to partner with big, established players in the market, in order to develop crowdfunding in the sharing economy. We feel that Grant Thornton, just like FundedByMe, operates in the spirit of companies with increasing growth, and with the right focus for the entrepreneurs and companies who turn to us. We are very happy to announce this partnership and we see Grant Thornton Sweden as a strong partner for the exciting journey that lies ahead, says Daniel Daboczy, founder and CEO of FundedByMe.

The partnership begins with advisors from Grant Thornton participating in different activities, which FundedByMe arranges for investors and entrepreneurs this fall. After that, the companies will draw advantage of their respective networks to help entrepreneurs grow.

Grant Thornton already supports well-known entrepreneurial sponsorships and networks, such as DiGasell, Founders Alliance, YEoS and SUP46.

For more information, contact:

Lisbeth Larsson, Head of Communications, Grant Thornton

T: 0708-21 71 56, 08-563 071 56

E: lisbeth.larsson@se.gt.com

Twitter: @GT:_LisLar

www.grantthornton.se/press

Twitter:@GrantThorntonSE

Lena Flykt Rosén, Head of Partnerships, FundedByMe

T: +46702-86 66 12

Email: lena@fundedbyme.com

www.fundedbyme.com

About Grant Thornton Sweden

Grant Thornton Sweden is one of the fastest growing audit and consulting firms in Sweden. With more than1100 employees and 23 offices, the company is an independently owned and managed member firm of Grant Thornton International Ltd. The member firms provide audit, tax and advisory advices.

Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton International Ltd (GTIL) and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions

About FundedByMe
FundedByMe is a leading international player in crowdfunding through equity, loan or reward. The company has successfully funded hundreds of companies from 25 countries. The members represent a rapidly growing network of more than 57,000 investors from over 160 countries. FundedByMe with headquarters in Sweden has a presence in countries around Europe and in Singapore.

Alf Rehn – Interview with a crowdfunding investor

Alf Rehn photographed in Helsingfors.My name is Alf Rehn, and I’m a chair of management and organization at Åbo Akademi University. In addition to being an academic, I’m a strategic advisor, author, speaker and an utter popular culture nerd. 

How do you see the opportunities of crowdfunding?

I think crowdfunding has the potential to be truly revolutionary, and I think we’re just seeing the first steps of it. We’re in an experimental phase now, where a number of different ways of doing crowdfunding are all looking for that perfect balance. Once we’ve been able to figure out how to balance the needs of entrepreneurs, the needs of investors, the needs of fans and communities, and the needs of the “just curious”, then crowdfunding will be a very, very difficult model to beat. We’re all looking for ways to engage meaningfully, to help create things, and (why not?) maybe making a little profit while you’re at it. What’s not to love?!

Which project on FundedByMe have you invested in? What made you want to get involved? 

My currently biggest “play” has been to support Beibamboo, which is a hyper-cool project in functional clothes for babies. I’ve always thought that we need to pay more attention to innovation in fields outside of the obvious, and an innovative idea in the baby sphere excited me. I also loved that a project with such an amazing story could be made into a shared story, that we could buy into the change rather than just hope that it’d succeed.

What do you expect to get out of this investment on the long run?

My investment in Beibamboo was for me a very cheap way to get into social entrepreneurship. I don’t really care that much about whether I’ll make a profit, or even get my money back. I wanted to support something that deserved to be supported, and if my investment leads to even one premature baby getting better treatment, that’ll be enough for me. Don’t get me wrong, if my modest investment in Beibamboo in the end makes me a ton of money, I’ll be OK with that too… 😉

What is the most important tip you’d give other investors considering crowdfunding?

Look for people with dreams, the ones who are driven by a passion. Successful crowdfunding is, in the terms of Seth Godin, establishing a tribe, and a tribe needs a visualiser at its heart, somebody who wants to realize a big vision. Invest in people – and remember that crowdfunding allows for you to not only investing in an entrepreneur, but an entire community…one you’re part of creating. 

Are there any new investment rounds on FundedByMe that you have your eyes on at the moment?

I’m always looking, particularly for those things that are just a little weird, just a little madcap. Right now I’m going to have to go for a somewhat flirtatious answer: “I may have my eye on something, but it’s too early to say yet…”

Crowdfunding Investor profile – Angie Skazka

My favourite thing about crowdfunding investor Angie Skazka is that this case proves again that anyone – even a student – can become a business angel and invest to become part of the next big thing. We asked Angie to participate in our popular crowdfunding investor profile session and convince you why you too should consider this modern type of investment!

Angie Skazka is a crowdfunding investor on FundedByMe

Angie, introduce yourself – what is your background, passions and ‘day job’?

I am 24, Russian-Swedish. I graduated from Ural Federal University as an engineer (5 years) of Industrial Automation and Control Systems. Then I spent 2 years at Real Time Soft, Yekaterinburg, as a SCADA designer and automation developer. At that time I created automated dispatcher systems for ridiculously huge and dangerous ore-processing plants. Particularly enjoying creating user interfaces, I then switched my focus entirely to it by studying on my own and working part-time as a UI-designer in Ocean bank, Moscow. I designed user interfaces for online payment agent Robokassa (Russian analog of Klarna), which are used nowdays by over 10k customers per day and over 22k merchants overall. I also did a year of PHD in Russia, but I quit because I hate research.

Now I am a master student of EIT ICT Labs, studying Interaction Design with first year at KTH and second year in Aalto University, Helsinki. My professional interests include user interface design, infographics, graphic design and entrepreneurship. I aim to build awesome interaction for specific usage contexts and enjoy creating cool data visualizations.

Currently I am a co-founder and usability troll at RunTroll, a real-time multiplayer game that makes it fun to run (I mean physically, with your legs). I believe that entrepreneurship is a way to bring more long-term value to society, and my social aim within RunTroll project is to get people away from computer and TV screens to exercise and be healthy. I spend my free time in Solna climbing center or out in mountains, traversing the snowy peaks and glaciers.

 

How did you first get familiar with crowdfunding and why does it appeal to you?

Daniel the CEO of FundedByMe gave a guest lecture at KTH in one of our courses. Crowdfunding appeals to me because I can invest small amounts of money and get equity in early stage companies before they became ridiculously expensive. Also openness, involvement, connection to startup frontier, networking.

 

Which project(s) on FundedByMe did you invest in? What made you want to get involved?

I invested in FundedByMe and Nerdy by Nerds. The first one has a great idea and promising return, the other one is cute. Unfortunately I missed fire alarms by Elinnovation.

 

What do you expect to get out of these investments on the long run?

I want to sustain myself with return on investments and run my own creative projects without a need to work for money. I want to learn how to invest, get experience, get a network so that I can possibly work or cooperate with people involved in startups.

 

What is the most important tip you’d give other investors considering crowdfunding?

A crazy one: don’t spend weeks of your time to do a proper evaluation. Instead go for quantity with small sums. As long as the revenue model is clear you are pretty much fine to go.

 

Are there any new investment rounds on FundedByMe that you have your eyes on at the moment?

Yes, I am looking mainly for physical stuff: Garpenbergs castle is interesting, Mutewatch already proved their idea with sales, and Rosey is quite close to me since I am a (former) automation engineer.