FundedLocal

FundedLocal

Crowdfunding platform connecting local businesses with community investors to fuel growth and innovation. Learn more

Launch date
Employees
New York City New York (HQ)
  • Edit
DateInvestorsAmountRound

$375k

Seed
Total Funding€341k

Recent News about FundedLocal

Edit
More about FundedLocalinfo icon
Edit

FundedLocal is a crowdfunding platform designed to connect local businesses with community investors, enabling them to raise capital for growth and innovation. The platform primarily serves small to medium-sized enterprises (SMEs) that are looking to expand their operations but may not have access to traditional funding sources. FundedLocal operates in the financial technology (fintech) sector, focusing on community-driven investment opportunities.

The business model is straightforward: local businesses create fundraising campaigns on the platform, detailing their financial needs and growth plans. Community investors, who are often local residents or individuals with a vested interest in the community, can then invest in these businesses. FundedLocal makes money by charging a percentage fee on the funds raised through successful campaigns.

The platform also offers additional services such as financial modeling and business skills training, which are provided by experienced advisors. These services help businesses prepare more compelling campaigns and improve their chances of successful fundraising.

FundedLocal's market includes local businesses seeking alternative funding sources and community investors looking for meaningful investment opportunities. The company has successfully helped 80 businesses and has received support from various angel investors and venture capital firms.

Keywords: crowdfunding, local businesses, community investors, fintech, SMEs, fundraising, financial modeling, business skills, alternative funding, investment opportunities.