Symbid is a crowdfunding and investment platform that allows entrepreneurs to raise funds for their business projects, while also offering investors a chance to participate in the growth of these businesses.
The platform was launched in 2013 with the goal of democratizing access to capital and providing a new way for entrepreneurs to raise funds.
Symbid's platform is designed to be user-friendly and accessible, with a focus on transparency and accountability.
By using Symbid, entrepreneurs can create a profile, share their business idea, and set a funding goal, which is then shared with a network of potential investors.
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What is Symbid?
Symbid is a crowdfunding platform that allows artists, creatives, and entrepreneurs to raise funds for their projects. It was founded in 2013 in the Netherlands.
Symbid offers a unique approach to crowdfunding by providing a platform for creators to raise funds in exchange for rewards, rather than equity. This makes it an attractive option for those who want to maintain control over their projects.
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The platform has a user-friendly interface that makes it easy for creators to set up their campaigns and for backers to find and support the projects they care about. Symbid charges a 5% commission on successful campaigns, which is lower than some other crowdfunding platforms.
Symbid has a strong focus on community building, with features such as discussion forums and social media integration that allow creators and backers to connect and share their projects.
Financial Safety and Security
At Symbid, financial safety and security are top priorities. They have a licence from the Dutch central bank (De Nederlandsche Bank) to manage electronic money, ensuring the administration of funds and financial flows is safe and reliable.
This means investors can trust that their payments are handled correctly, and their funds are protected. Symbid has also outsourced financial flows to Intersolve, guaranteeing they meet all AFM requirements and guidelines.
Symbid's duty of care towards investors is also ensured, as they operate under a licence from the AFM for an investment firm under MiFID II. This means their processes and directors are extensively vetted and continuously supervised by the AFM.
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Intersolve Manages Financial Flows
Intersolve manages financial flows for Symbid, a crowdfunding platform that allows investors to back rapidly developing companies.
Symbid selected Intersolve to handle financial flows between investors and companies due to their reliability.
Intersolve has a license from the Dutch central bank to manage electronic money, ensuring safe and reliable administration of funds.
This license guarantees that investors will receive their money back if an investment target isn't met, and that payments are processed securely.
Investors on Symbid receive an eWallet from Intersolve to manage their investments and make payments.
The cooperation between Intersolve and Symbid allows Symbid to guarantee safe payments to its investors.
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Duty of Care to Investors
Symbid, a market leader in online financing of venture capital in the Netherlands, operates under a licence from the AFM, the Dutch Authority for the Financial Markets.
This licence is for an investment firm under MiFID II, the EC Markets in Financial Instruments Directive, which means Symbid has a duty of care towards investors.
Its processes and directors have been thoroughly vetted and are under continuous supervision of the AFM, ensuring a high level of accountability.
Symbid has outsourced financial flows on the platform to Intersolve to ensure they meet all AFM requirements and guidelines.
Co-Investment and Acquisition
Symbid is a co-investment platform for tech startups and scaleups in Europe, founded in 2011 by Dutch entrepreneurs Robin Slakhorst and Korstiaan Zandvliet.
The platform has built a community of 50,000 investors in startups, mainly from the Benelux region.
Symbid backed over 180 startups with investments totalling €35M in equity and convertible notes in its first 10 years of operation.
These investments were mainly from the technology sector, with 67 startups receiving funding.
Symbid's founder, Robin Slakhorst, believes that Europe needs more tech innovation to become competitive on the global stage.
By providing a digital financing infrastructure and a secondary market, Symbid aims to lead the entrepreneurial ecosystem in Europe.
The Symbid team will continue to lead the investment efforts in Benelux, while its investors will gain access to pan-European investment opportunities.
In a statement, it was announced that Symbid will be acquired by SeedBlink, a similar investment platform.
The combined effort will provide both communities with access to a variety of investment options from a combined deal flow and more advanced investing tools.
Ambitious tech founders will also benefit from simplified and valuable ways to raise growth funding.
The two platforms have helped more than 250 startups secure investments of over €110M.
This combined network includes 62,000 individual investors, who have invested in startups such as Dronamics and Goboony.
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