The Stockholm-based crowdfunding platform FundedByMe secured about € 678,000 during the last six days through its own website. Founded in 2011, FundedByMe is one of Europe’s fastest growing crowd investment platforms connecting investors and entrepreneurs on a Pan-European level.
Today, the team behind FundedByMe surprisingly announced that they are are not closing the current funding round but offering potential investors the chance to sign their interest to invest by oversubscribing. Oversubscription is a situation in which investors show so much interest in a new issue of a stock that demand exceeds supply.
In case you haven’t heard about FundedByMe yet, check out the video below: