GamCrowd the gambling specific crowdfunding and crowdsourcing platform that launched with a fanfare in early 2014 is delighted to announce that it has “fully funded” its initial crowd funding round via its own platform, GamCrowd.com. The company has raised £200k for 10% of the Equity in the company with 8 days still to go in the campaign and the company intends to leave the campaign open for “over funding” until the closure date of 2nd September to allow a few latecomers to take advantage of the same offer . CEO Chris North is very happy to have successfully completed the campaign; “we were keen to fund via our own platform and we have now experienced what we are encouraging start-ups to go through. We have learned a lot and rigorously tested our platform and processes and intend to make a few positive changes to the business and the platform following our experience.”
For those that still want to invest in GamCrowd, they have 8 days and the minimum investment is £500. The company intends to use any additional funds raised to increase its marketing budget and support the first round of start-ups that will be looking to fund via the platform. Investors need to be registered on gamcrowd.com, have completed a questionnaire and a declaration that they are sophisticated investors or High Net Worth investors. They will then get access to the GamCrowd pitch video, business plan and financial projections. The platform gives potential investors the chance to ask the founders questions about the business and these are all made public so other interested parties can share the same information.
Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of your investment and dilution and it should be done only as part of a diversified portfolio. GamCrowd is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest with GamCrowd once you are registered as sufficiently sophisticated. For the full risk warning please click here. This page has been approved as a financial promotion by Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority. Investments can only be made on the basis of information provided in the pitches by the companies concerned. Neither GamCrowd nor Resolution Compliance Limited takes responsibility for this information or for any recommendation or opinions provided by the companies. All figures in this press release which refer to past performance should not be used as a reliable indicator of future results. All future forecasts used in this press release should not be used as a reliable indicator of future results.
GamCrowd Limited is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). GamCrowd Limited is registered in England and Wales. No. 08702280. Registered address: Palladium House, 1-4 Argyll Street, London, W1F 7LD
Crowdsourcing activities are not regulated by the Financial Conduct Authority.
Background information for Editors:
GamCrowd is a crowdfunding and sourcing platform focused on the gambling industry. It provides a platform for industry professionals and investors of all types who will provide support for the establishment of new businesses in the gambling sector through equity crowdfunding and with general support through crowdsourcing. GamCrowd has been launched by experienced gambling industry entrepreneurs that have a successful track record with various start-ups and who understand the challenges involved with starting a business in the gambling industry.
Chris North will be available for comment and interviews. You can contact him via email chrisnorth@gamcrowd.com or telephone +447971 121916
More Information:
Website: www.gamcrowd.com
Linkedin: www.linkedin.com
Twitter: twitter.com/gamcrowd
Facebook: www.facebook.com/gamcrowd
Google +: google.com/+Gamcrowd
