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Tag Archives: High Tech

Balderton Capital Follows Long History of Backing Disruptive and Innovative Businesses; Invests £3.8 Million in UK Equity Crowdfunding Site

22 Jul

Crowdcube, named one of the hottest Fin-Tech firms in Europe in 2013, will use the £5 million investment to further expand its operations in the UK and internationally

By Robert Hoskins

 Exeter, Devon, United Kingdom – One of Europe’s largest venture investors, Balderton Capital, leads a £5m round with a £3.8 million stake in Crowdcube, the world’s first and leading investment crowdfunding platform. Crowdcube will complete its Series B round by offering a £1.2 million crowdfunding.

Crowdcube, named one of the hottest FinTech firms in Europe in 2013, will use the £5 million investment to further expand its operations in the UK and internationally

Crowdcube, named one of the hottest FinTech firms in Europe in 2013, will use the £5 million investment to further expand its operations in the UK and internationally

Darren Westlake, CEO and co-founder comments, “We’re delighted to secure growth finance from such a renowned VC who will undoubtedly add tremendous value both strategically and operationally. We’ve built a pioneering and award-winning service over the last few years. This investment, alongside the crowd, puts us in an even stronger position to provide essential growth finance for businesses and inspire a new generation of investors.”

Balderton Capital, which has also invested in disruptive financial tech companies such as Zopa, Nutmeg, GoCardless and Wonga, as well as other fast-growth internet businesses like Lovefilm and Betfair, has a long history of backing disruptive and innovative businesses. Partner Tim Bunting, who will join Crowdcube’s board of directors said, “We love the way Crowdcube is disrupting and democratizing investment into businesses seeking growth finance; Balderton is always looking to support new approaches to traditional financial services, and Crowdcube’s trailblazing model makes investment accessible, affordable and transparent. We’re excited about working with this team and building on their dominant position in the crowdfunding market.”

Crowdcube, named one of the hottest FinTech firms in Europe in 2013, will use the £5 million investment to further expand its operations in the UK and internationally. The firm is planning to double its team to 50 as well as open new offices in London and Scotland, while expanding its head office in Exeter. It is also expanding internationally beyond the seven joint ventures that it has already established.

Since it launched in 2011, Crowdcube has raised over £30 million for more than 130 start-up, early stage and growth businesses. More than half of this finance has been secured in the first half of 2014, demonstrating the accelerated growth for the innovative crowdfunding market, the willingness for people to invest in British businesses and the demand by businesses for seed and growth capital.

Crowdcube estimates that these companies are already boosting the British economy with the creation of 3,000 new jobs over the next three years. In addition, some fast-growth businesses like Righteous, Tidy Books and East End Manufacturing are contributing to Britain’s exports, supporting the Chancellor’s challenge to double Britain’s exports to £1 trillion by the end-of-the-year.

Other Crowdcube milestones include:

  • It was the world’s first crowdfunding platform to offer equity to investors in 2011.
  • Crowdcube has successfully crowdfunded two previous rounds on its own website raising £320,000 in 2011 and £1.5 million in 2013.
  • In September 2013 Kevin McCloud’s Hab Housing broke the world record for equity crowdfunding investment with 649 people putting in £1.95 million.
  • Crowdcube was the first crowdfunding company to sign up an international partner and now has a presence in seven countries:BrazilSwedenDubaiPolandItalySpain and New Zealand.
  • January 2014 saw the launch of the first managed venture fund for crowdfunded equity investments.
  • In June 2014 Crowdcube launched its Mini Bond product, disrupting the retail bond market in the same way that it has equity finance. River Cottage, which raised £1 million in less than 36 hours and Chilango are the two companies that have already launched Mini Bonds on Crowdcube.
  • The latest firm to raise finance is a start-up founded by the team behind Fitness First and Jatomi Fitness, James Balfour and Giles Dean. 1Rebel will launch a chain of contract-free ‘high intensity’ boutique gyms in London, which allow members to book classes online and via an app on a pay-as-you-go basis.

As the world’s first equity crowdfunding platform, Crowdcube enables everyday investors to fund British businesses in return for a share in the company. Since February 2011, over 80,000 savvy investors have registered with Crowdcube, helping to raise more than £30m for over 130 UK businesses. The ground breaking model lets entrepreneurs showcase their investment opportunity online and bypass the traditional business angel, venture capital or bank route, giving them more control and access to more investors.

Balderton Capital is one of the largest venture capital firms in Europe, committed to finding and helping talented entrepreneurs build great companies. Based in London, the firm manages $2.2 billion.

 

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Indiegogo Campaign Raising Funds for Armband Thermometer iPhone App that Allows Parents to Monitor a Sick Child’s Fever Throughout the Night

18 Apr

 iTherm bracelet works with iPhone app to set up automated reminder system for medication administration and to record all data to help the pediatrician with diagnosis and treatments

By Robert Hoskins

Boston, MA – How many times have you lost sleep when one of your children was running a dangerously high fever? When your child is sick and running a high fever, it is very wise to check the child’s temperature every few hours.  But instead of waking up the child in the middle of the night to see if their temperature is stable or rising, wouldn’t it be nice to check the temperature via  a smart temperature sensing bracelet worn by the child and your iPhone from the comfort of your own bed.

 iTherm bracelet works with iPhone app to set up automated reminder system for medication administration and records all data to help the pediatrician in the diagnosis and treatment

iTherm bracelet works with iPhone app to set up automated reminder system for medication administration and records all data to help the pediatrician in the diagnosis and treatment

That is the solution that iTherm is crowdfunding via an Indiegogo $29,000 fundraising campaign. The  iTherm is a $39 bracelet that measures body temperature via a wireless smartphone app. Now parents can set alarms to alert them when the temperature has reached a certain limit.

Marcos Oliva, entrepreneur and founder of the project, had the idea when his first child was born. When his son had his first cold and fever the pediatrician told him and his wife: “Watch out that the temperature does not get too high by giving him antipyretics every 8 hours for 2 days. If there is no improvement bring him back.” That night they organized shifts every 2 hours to monitor the fever and the next day the whole family was very tired. With the birth of his second child the sleepless nights increased.

There had to be a solution for these problems:

  • Waking up again and again when most of the time there is no need
  • Awakening the child when what he/she needs is to rest and recover
  • Sleeping concerned about the possibility that the fever rises

Using Bluetooth 4.0 Marcos attached a temperature sensor to a bracelet, so that by placing it in the child’s arm the temperature could be monitored without waking the child. This system also allows to set alarms to wake parents if the temperature rises but the whole family can rest if it does not.

iTherm also includes an automated reminder system for medication administration and it records all data to help the pediatrician in the diagnosis and treatment.

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Crowdfunding Takes Center Stage at SxSW Event in Austin, Texas beginning March 7, 2014

16 Feb

Crowdfunding Experts Converge at SxSW to Highlight the Significant Advancements in Title II & III SEC Regulations for Entrepreneurs and Startups in the High-Tech, Bio-Tech, Clean-Tech, Real Estate, Film, Music, Non-Profits, Science Research and Healthcare Industries

SXSW Interactive March 7-11 Austin 2014 Crowdfunding Events

SXSW Interactive March 7-11 Austin 2014 Crowdfunding Seminars and Presentations

By Robert Hoskins

Our recommended list of Crowdfunding Presentations to attend during the South by Southwest event in Austin, Texas during the SXSW Interactive session from March 7th through March 11th, 2014.  Click here to register.

The “Real” Crowdfunding Investment

Friday, March 7
12:30PM – 1:30PM

Chris Tyrell and Jessica Randaza will be speaking about the widely anticipated Title III crowdfunding rules that were approved unanimously by the SEC and successfully completely the 90-day public comment period.  Now the entire United States is waiting to see what changes, if any, the SEC will make to the previously approved rules.  The new regulations will add approximately 229 million new unaccredited investors to the pool of potential investors that will soon be able to make investments in startups and existing businesses seeking venture capital in return for an attractive return-on-investment (ROI). Read more…

Ethics & Future of Crowdfunding for Communities

Friday, March 7
12:30PM – 1:30PM

David Neff and Miriam Kagan will cover crowdfunding models that range from self-starting “fund my trip” models to a more established national community foundation-led model that raised over $20 million in one day. Next they will cover crowdfunding industry growth, and the ethical questions that have surrounded old school “fundraising” by non-profits for many years.  How much money actually goes to the beneficiaries and where does the rest end up?   Session participants will led through an exercise that will allow the group to see the necessary requirements to build a thorough Crowdfunding Bill of Rights. Read more…

Make It Rain: The New Healthcare Funding Landscape

Friday, March 7
5:00PM – 6:00PM

Digital Health is a growing market for crowdfunding dollars, with relatively few prolific angel and venture investors, entrepreneurs are getting creative about ways to find alternative venture capital. This healthcare crowdfunding presentation will examine the funding options available for various healthcare entrepreneurs at any stage. Read more…

The Original Gangsters of Crowdfunding

Saturday, March 8
12:30PM – 1:30PM

This panel discussion will feature four social good crowdfunding platforms that are focused on donation-based crowdfunding missions to improve the world for social good.  These platforms allow the privileged to make tax deductible donations to those who are not lucky enough to have nutritious food, clean water, bathrooms with flushing toilets or weatherproofed housing.  It will humble you to learn what conditions many third world country people actually live with little hope for help from the outside world.  With your help, these organizations can help you help them change the lives of many and get a tax deduction for helping. Whether you attend this panel discussion or not, please make at $25 donation to one or all four of the organizations. Read more…

The Indie Science Revolution

Saturday, March 8
3:30PM – 4:30PM

An increasing number of brave researchers are venturing out from the ivory towers of academia to pursue their own independent research. This new culture of indie science attracts investigators with the freedom to develop their ideas without the confines of politics and bureaucracy often found in academic departments.  Read more…

DIY PR for Crowdfunded / Kickstarter Projects

Sunday, March 9
11:00AM – 1:30PM

This two and a half hour long workshop, designed for DIY crowdfunders, will go over some PR best practices, strategies and tactics on how to create interest for crowdfunded projects based on conversations with individuals who’ve run successful Kickstarter campaigns and their interaction with reporters. It will cover planning & strategy, timing, pitch writing, story angles, social media, approaching reporters, how to avoid “dead zone” during a campaign, and more. Read more…

Crowdfunding Global Entrepreneurship

Sunday, March 9
11:00AM – 12:00PM

Jason Best will address the outstanding opportunity for Crowdfunding that exists in emerging markets that have been cut off from international venture capital markets.  He will examine how giving third world countries access to billions of dollars of capital has the ability to challenge the United States’ ability to stay competitive in the global market place. Read more…

FutureHood: Crowdfunding Innovators in Real Estate

Sunday, March 9
5:00PM – 6:00PM

Neil Dipaola will focus on how risk capital has brought about significant change to the high technology industry for more than a generation. He will differentiate the opportunities that exist outside of the risky young 20-something millenials’ visionary gadgets. Even though high-tech gadgets generate many front page news stories, Neil will encourage attendees to take a close look at the real estate industry, which is much more established and offers more traditional and proven investment opportunities. Read more…

The New Era of Investor Relations

Monday, March 10
11:00AM – 12:00PM

  • Douglas Ellenoff, Partner & Owner, Ellenoff Grossman & Schole LLP
  • Judd Hollas, CEO, EquityNet LLC
  • Judy Robinett, Angel Investor & VC Board Member

In 2013, the ban on general solicitation of accredited investors was lifted, causing the largest change to securities laws in decades. While everyone from startups to hedge funds will enjoy new liberties to begin marketing equity investment deals through advertising, marketing and PR campaigns, it’s critical that the new rules are followed to the letter in order to eliminate the chance for an exemption rescission. Read more…

Viral Crowdfunding: Story, Team & Gamification

Monday, March 10
12:45PM – 1:00PM

Matthew Bishop will address harnessing viral marketing to achieve a successful crowdfunding campaign. He asks, “So you want to raise money online and go viral?” Mr. Bishop’s SxSW crowdfunding presentation will help nonprofits, artists, and entrepreneurs learn how to create crowdfunding a project.  His subject matters will include how a tell a  story, manage a team and leverage game playing lessons that will help develop a viral buzz that may make or break the success fundraising campaigns. Read more….

How Crowdfunding Killed Hollywood

Tuesday, March 11
9:30AM – 10:30AM

Adam Carolla and Bill Zanker provide in inside look at how crowdfunding platforms like FundAnything are turning Hollywood upside down by completely changing the way movies are financed and produced. Like many entrepreneurs in Hollywood, Adam decided to circumvent the system by teaming up with Bill Zanker’s FundAnything and ended up raising $1.5 million that allowed him to create one the most downloaded podcast series in history.  Attendees will learn from Adam’s personal insights on how to use the right rewards to achieve the best results and why taping into your own crowd of social media contacts can deliver serious dividends. Read more…

Crowdfunding Real Change for Girls & Women

Tuesday, March 11
11:00AM – 12:00PM

Maz Kessler’s presentation will focus building a world of equality for all girls and women. Due to the fact that less than 7% of fundraising donations go to girls and women’s causes combined with the alarming news that one-in-four of women organizations that work on these issues are in danger of closing, Catapult.com was founded to keep the funding rolling in.

The group’s mission is to work on the battle front to fight for the rights and the respect for girls and women around the world. And to date, Catapult has achieved incredible results by raising millions of dollars through its nonprofit partners, which are growing rapidly throughout the world. Read more…

Funded in Austin

Tuesday, March 11
12:30PM – 1:30PM

Funded in Austin features Founder/CEO’s of three technology startups who have pursued and secured investment in their entrepreneurial ventures – one from crowdfunding, one from angel funding, and one from venture capital – totaling more than $302 million in funding. Read more…

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