SwissBorg raises over €20m with community-centric fundraising
Lausanne, Switzerland, April 18, 2023, Chainwire
In a move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50m from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorg’s Series A fundraising, which closed last Friday, was successful.
SwissBorg raised 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200m Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the importance of engaging the public in developing innovative companies.
With the SwissBorg app and ecosystem, the company is well-positioned to become the leader in the European crypto market. The platform offers users an accessible and user-friendly experience, enabling them to manage their crypto assets with ease and confidence.
SwissBorg is dedicated to advancing the web3 ecosystem. Its platform provides users access to cryptocurrency investments and decentralized finance (DeFi) opportunities.
SwissBorg’s unique positioning allows it to take on web3 in a way that other companies can’t. With a community-centric approach, the company can leverage the expertise and enthusiasm of its users to drive innovation and growth. At the same time, its focus on transparency and security ensures that investors can feel confident in their investments, even in a highly volatile market.
By aiming to position itself as a leader in web3, SwissBorg’s Series A fundraising is the beginning of what promises to be an exciting journey. With its commitment to innovation, transparency, and community, SwissBorg is poised to impact the future of finance significantly.
The Lausanne-based company thanks the community for their unwavering support and trust throughout the Series A fundraising. Their belief in SwissBorg’s vision has enabled the company to surpass expectations, break records, and set new benchmarks for future fundraisers. As investors in SwissBorg, the community’s confidence in the company has solidified its potential for growth and industry leadership.
SwissBorg’s leadership highlights the importance of community support, reinterpreting the classic saying, “Fortune favors those with many friends.” Bolstered by their devoted community, SwissBorg’s future looks promising.
SwissBorg is headquartered in Switzerland, holds a Virtual Asset Service Provider license regulated by the FIU in Estonia, and is registered as a PSAN with France’s AMF. The SwissBorg app allows over 700,000 verified users to manage their wealth, with an exchange aggregator to provide users with the best exchange prices and liquidity. They also enable investment in themed crypto bundles while offering opportunities to access a yield on their crypto assets.
Click here to learn more about SwissBorg and its mission.
Chief Partnership Officer
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