fongogolaunched its new platform with the share-based crowdfunding license obtained from the CMB with the aim of offering a holistic financing model to the venture and investment ecosystem. Here are the highlights of Fongogo Investment’s launch. we transferred.
In 3 years, it aims to mediate 400 startups to fund more than 1 billion TL.
Fongogo, which has mediated the financing of numerous projects on the award and donation side, from culture to technology and environmentalist organizations, aims to mediate the funding of 50 startups by the end of this year, and over 1 billion TL of 400 startups in 3 years, through its share-based crowdfunding platform. aims.
Emphasizing that they focus on the benefits that startups provide to the masses in the venture and investment ecosystem, Fongogo Co-Founder and Chairman of the Board Ali CebiAs Fongogo, they will deposit a certain amount of the service fee they receive from the investors through the share-based crowdfunding platform to the entrepreneurs; Comparing their first campaign, image processing technology with health insurance, the startup said that Tümliyo started raising funds on March 16. Çebi announced that as Fongogo, they aim to mediate 50 million TL funding for 50 startups through the new platform in 2022, and underlined that they aim to mediate over 1 billion TL in total.
Fongogo Co-Founder Ali Tirkes On the other hand, underlining that access to finance is always of vital importance, he said that access to finance should be at the right time and in sufficient quantity for startups, entrepreneurs and all operators, and that crowdfunding is one of the most correct formulas for this.
While world venture capital investments were 335 billion dollars in 2020, it reached 643 billion dollars in 2021. In Turkey, on the other hand, investments in startups grew much faster than the rest of the world and in 2021, investments increased 10 times compared to the previous year and exceeded 1.5 billion dollars. While the size of crowdfunding in the world was 13 billion dollars in 2013, it reached 120 billion dollars in 2020. It is estimated that crowdfunding will grow by an average of 20% every year for the next 10 years, reaching the level of 500 billion dollars.
If we look at the developments and market potential in Turkey, there are more than 5 thousand active start-ups and more than 3 million SMEs established in the last 10 years. All these numbers show us the future potential of crowdfunding. Fongogo, with its more than 90 thousand members on the award and donation side, has transferred more than 10 million TL to initiatives and projects through successful campaigns and published more than 1500 funding campaigns. Ali Tirkeş underlined that they will continue to help thousands of startups with the new crowdfunding platform.
