Crowdfunding: Seedmatch raises 200 000 € equity based funding in 48 minutes

30 Nov, 2012



We wrote about Seedmatch (the German not-Kickstarter) earlier this week, saying that they would try to get more than 100 000 € in equity based crowdfunding for the first time ever in Germany. It turns out their offering was quite a success: Seedmatch raised 200 000 € for Protonet in just 48 minutes.

seedmatch protonet funding

It’s a clear sign that Seedmatch managed to gain the trust of small (and generally risk averse) German investors with a new product like crowdfunding – after only a year and a half of operations.

As explained in our interview with Tim Reinsch of Seedmatch, investors get a ‘partiarisches Darlehen’ in return for their investment, or a profit participating loan, which is essentially debt that behaves like equity.

Protonet is developing a small server and private cloud for consumers and small businesses – it’s both a hardware and a software solution, that promises to make setting up a home network and server very easy. Protonet says it provides a ‘one button social infrastructure and private cloud’, made possible by the fact that they develop both the hardware and software. They are positioning themselves in a very Apple-like way, with a lot of emphasis on design and usability (see photo).

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About the author

Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist at Humo whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning post before starting Whiteboard in 2012. He profiles entrepreneurs and businesses and loves to chat on Twitter, Linkedin or Skype (rafweverbergh).

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