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Mintos raises €5.3m in single-day crowdfund
In a crowdfunding campaign that exceeded all expectations, Mintos set a new record on Crowdcube. During the 10-day stretch, they attracted over 7000 equity investors and raised a total of €7.2 million, the largest amount ever raised in continental Europe.
“The results of the campaign are beyond all our expectations,” Martins Sulte, CEO and Co-Founder of Mintos commented. “While we did anticipate our community to engage actively in the campaign, little did we know that we would start breaking records right out of the gate. We would like to thank everyone who participated in the campaign. We are eager to continue working on our roadmap and start a new chapter with our new shareholders.”
They raised €1 million within 15 minutes of opening early access to their community. Just over two and a half hours later, Mintos hit €3 million and eventually broke the record of the largest number of investors in a European (excl. the UK) campaign.
“Mintos has joined some of the world’s leading fintechs in using Crowdcube to cement and enhance their relationship with their customers,” Luke Lang, CMO and Co-Founder of Crowdcube added. “This record-breaking raise shows how harnessing the power of community can be turned into a strategic business milestone and making consumers owners can be integral to how these companies are run.”
Overall, investors from more than 90 countries took part in the campaign, the majority coming from Germany, Spain, and the Czech Republic. Although Mintos does not operate in the UK market, a significant number of investors from the UK also participated in the campaign.
The crowdfunding campaign was part of our broader fundraising round, which will continue with raising funds with venture capital firms early next year. The funding raised from crowdfunding and venture capital will help further fuel our growth and develop new products.
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