Eureeca is a crowdfunding investment platform designed to connect SMEs with potential investors. The company was launched in Dubai in 2013 and claims to be the first ever global equity crowdfunding platform. Since its launch, Eureeca has raised over $2.5 million for 12 separate businesses, with many campaigns seeing investors commit funds above and beyond initial targets.
As of last month, Eureeca is now officially recognised by the Financial Conduct Authority (FCA), the UK’s financial regulatory body. The recognition is indicative of the high degree of investor protection that Eureeca offers its customers. Formal approval by the FCA means that UK-based SMEs interested in the Dubai market can be listed on the company platform in order to seek capital and expertise from Eureeca’s 10,000-strong investor network.
Co-Founder and Managing Director of Eureeca, Sam Quawasmi commented:
“By engaging with local investors and obtaining local capital these UK- and Europe-based SMEs would have an easier time with their expansion plans.”
Eureeca already has its first UK business listed on the platform. Bubblekickz is a bubble football event company seeking funding of $135,000 (£90,750) to expand the business. Founder and CEO of Bubblekickz, Harry Thomas, who wants his company to be the leading bubble football organiser in the country is also intent on looking further afield. Bubble football is a relatively new concept to the sports world and incorporates players wearing an inflatable zorb bubble whilst playing football.
Commenting on his decision to use Eureeca over other equity crowdfunding platforms, Thomas said:
“Eureeca offers an appealing combination of positives for a business looking to raise funds: it has a proven track record of helping businesses secure capital from its large network of investors, it provides very personal assistance throughout the entire campaign process, and it serves as a great launch pad into the UAE and Middle East markets.”