News Briefing - Crowdfunding, SME And Alternative Finance

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The essentials are here and will be regularly updated. If you want to be well-informed about the investment crowdfunding scene, and you're short of time, this is the place to visit.

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1. UK – AltFi

 

Downing Crowd has successfully raised £1.2 million in a bond offering to fund a small-scale wind turbine site in Scotland, owned and operated by C&G Renewables Limited, according to Crowdfundinsider. 

 

“The £1.2 million raise will support the day-to-day operation of the wind turbines. Investors that backed the project will receive a 5% annual fixed interest rate over a term of up to 12-months. The offering took just 20 minutes to close on the crowdfunding platform.”

 

2. US – FinTech

 

Lexology reports on a rise in US litigation from cryptocurrency investors..

 

3. US – FinTech


 Radar Relay secures investment from Blockchain Capital, Tusk Ventures, Collaborative Fund, Distributed Global, and Reciprocal Ventures and others support in series A funding of $10 million dollars,  according to Coin Spectator.

Radar Relay, the wallet-to-wallet decentralized trading platform, has announced the successful completion of its Series A funding round of $10 million USD. Led by Blockchain Capital with contributions from leading investment firms Tusk VenturesDistributed GlobalReciprocal Ventures, and Collaborative Fund, among others, the raise will support the development of new product research, strategic hiring, and global expansion of the Radar Relay platform.

 

 

4. US – FinTech

 

Hedera Hashgraph, a super fast iteration of distributed ledger technology (DLT or blockchain) has raised $100 million from both institutions and high net worth individuals, says Crowdfundinisder.

 

“The new funding round is said to have delivered a whopping $6 billion valuation to the emerging Fintech firm. Management, and about two-thirds of the employees, have invested over $10 million in the recent round – all on the same terms as the outside money.

Hedera says it plans to launch their network and start giving early access to some partners within the next month. Numerous distributed applications (Dapps) are already being developed for the platform. Hedera says they are making great progress on their platform and are close to being featured complete. Public APIs are expected to launch within the next two months. While there are several other Fintech firms seeking to create a version of blockchain that can actually handle enterprise demands today and grow into a robust network, Hedera says they are at a different level of maturity than their competitors.”

 

5. International – Equity

 

The Irish Times reports:

 

Fleet, a Co Wicklow-based start-up seeking to bring widespread disruption to the car rental market, has turned to a new Irish equity crowdfunding provider to raise €275,000 to expand its team and bring software development in-house.

The start-up has developed a peer-to-peer software platform that allows motorists to earn extra money by hiring out their private cars when they are not using them.”