While the Netherlands market is small, equity crowdfunding platform Symbid is apparently having an important impact. Symbid has reported that in the first half of 2017 its platform accounted for 27% of all “venture capital” crowdfunding in the Netherlands. Investment crowdfunding in first half of 2017 increased to € 10.4 million.
Symbid, launched 2011, states that a growing number of business owners are selecting crowdfunding as their capital raising vehicle of choice. Crowdfunding is also becoming embraced by more established companies. Symbid says that more and more business angels are investing a larger average amount on their platform.
Symbid states that it specializes in “venture capital through crowdfunding” and during the first six months of 2017 they funded almost € 3 million.
In the convertible loan category, their market share stood as high as 39.7%. Robin Slakhorst said they were proud of the important role of Symbid in this area:
“In 2011, Symbid started one of the first equity crowdfunding platforms in the world, in the belief that we can help fund entrepreneurs in a responsible and enterprising way. We are pleased to see that more and more businesses see the benefits of equity financing. “
Larger campaigns for established entrepreneurs and companies
The average amount raised by crowdfunding campaigns on Symbid in the first half of 2017 stood at more than € 250,000. That is much higher than the overall market for crowdfunding companies, which amounted in the first half of 2017 € 97,000. Slakhorst said this average amount has been growing for some time:
“We see the average size of funding requests growing for a while Symbid. This year we’ve posted some great crowdfunding campaigns that have received much attention. “