Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – March 31, 2015:

Financial technology brand Symbid reports 53 companies funded in first month of The Funding Network™

 

Henk Kamp visits Symbid, The Funding Network

 

Symbid, an online funding platform for start-ups and small businesses, today announced its transaction volume since launching The Funding Network™ on March 4, 2015. Over 50 companies were funded via The Funding Network™ for a total of $40.1 million in 22 days, creating the potential for future Symbid revenue streams. The results include the hybrid financing of a temporary work agency and book wholesaler by a bank and venture fund for a combined total above $2 million.

Symbid began as one of the first equity crowdfunding platforms worldwide and now offers several forms of corporate finance including bank loans, venture capital, angel investors, factoring, leasing and crowdfunding. The results confirm that The Funding Network™, in collaboration with its strategic partners, is on track for an expected transaction volume worth $800 million in 2015. Symbid announced the results on the same day Dutch Minister of Economic Affairs Henk Kamp visited its offices in Rotterdam.

“Facilitating over $40 million of investments in just 22 days is a great achievement for The Funding Network™. By combining different types of finance on one platform we’re simplifying the way small businesses are funded. Symbid is now well on its way to building a more efficient, transparent capital market for investors and entrepreneurs,” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “With over 40 institutional and 30,000 private investors already connected to The Funding Network™, we at Symbid are excited about its potential for generating future revenues and, ultimately, helping to democratize finance.”

The Funding Network™ is a go-to platform for start-ups and small businesses in search of funding, connecting traditional and alternative finance with advanced investing, monitoring and standardized data tools. These results, with over $40 million funded via The Funding Network™ in its first month, are a validation of the new, online model for the financial industry.” Although this funding volume does not currently equate to a significant revenue stream there is potential for a monthly recurring revenue model to be added in the near future.

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – March 26, 2015:

Financial technology brand reports 248% increase in revenue versus 2013

 

T

 

  • Total revenue of $276,325 for fiscal year 2014, up 248% year on year
  • Research and development costs of $320,032 plus acquisition of intangible assets relating to monitoring technology creates strong foundations for future growth
  • Company expects to add recurring revenue streams in 2015 with release of new, partly internally-developed cloud-based monitoring and deal-making products
  • Share-based payments accounted for 29% of total 2014 operating expenses of $3,318,471

“We are pleased to report continued exponential revenue growth ahead of average industry figures. Our results are a reflection of our commitment to successful innovation and the creation of long-term value for our shareholders.” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “2014 saw our Company enlarge its share in a rapidly emerging market while investing heavily in developing advanced investing, monitoring and data tools. We are now in a position to begin reaping the financial benefits of these new products in the form of monthly recurring revenues. As we look ahead to 2015, we expect to again deliver results consistent with our strategic vision of becoming the leading European online funding platform. In this sense, the launch of The Funding Network™ and incorporation of Symbid Italia in early 2015 are both major business milestones.”

Summary of Full Year 2014 Financial Performance:

  • Total revenue grew by 248% versus 2013 to $276,325.
  • 97% of revenue attributable to transaction-based model of core investment crowdfunding business, consistent with 2013.
  • Selling, general and administrative expenses increased by 404% year on year to $2,151,679 primarily due to the hiring of an internal software development team, share-based payments made to staff members, external contractors and a strategic alliance in 2014.
  • Research and development costs increased by 306% year on year to $320,032 due to the Company’s investment in the development of a cloud-based monitoring product, released in early 2015, and other soon-to-be released financial technologies.
  • Total operating expenses increased by 155% year on year to $3,318,471, of which share-based payments account for 29%, as the Company invested heavily in internal technological development.
  • Net losses increased by 124% year on year to $2,821,794 in line with the Company’s commitment to creating long-term value for its shareholders through successful innovation.

2015 Commercial Outlook:

  • In December 2014 the Company signed a partnership with leading financial advisory firm Credion to process an expected $800m transaction volume in 2015, which the Company expects to result in new monthly recurring revenue streams attributable to its cloud-based monitoring product (released in February 2015) and soon-to-be released deal-making product.
  • The Company underwent a successful re-launch of its website and partial rebranding in March 2015 in line with its repositioning to a more holistic funding platform, known as The Funding Network™, connecting traditional and alternative financing options in one go-to platform.
  • The Company expects to continue its ongoing release of new products and services with the launch of a loan product in the second quarter of 2015, resulting in additional transaction-based revenues.
  • The formal incorporation of Symbid Italia S.p.A. in February 2015 represents the first stage of a European roll-out which the Company expects to continue throughout 2015. The Company intends to commercialize this international expansion in the second quarter of 2015.
  • Management completed an initial closing of a Private Placement Offering raising $649,116 to support the growth of The Funding Network™.
  • The Company is actively pursuing a capital raise strategy in order to accelerate the horizontal and vertical expansion of its funding network and balance cash flow. 2014 saw the Company focus on the internal development of technology thereby creating long-term value through successful innovation. The Company intends to bring this financial technology portfolio to market in 2015.

Symbid Corp. Full Year results, including the income and balance sheets, can be found here. Please visit Financial Information for an overview of all recent financial results.

Year ended December 31
2014 2013
Revenues
Crowdfunding 267,58 66,716
Other 8,967 12,714
Total revenues 276,325 79,430
Operating expenses
Selling, general and administrative 2,151,679 427,103
Professional fees 776,243 795,615
Research and development costs 320,032 78,773
Depreciation and amortization 70,517 1,302
Total operating expenses 3,318,471 1,302,793
Operating loss -3,042,146 -1,223,363
Other income (expense)
Fair value adjustment derivative liability – warrants 291,662  1,341
Interest expense -31,405 -20,166
Government subsidy  10,962 31,905
Equity loss in Gambitious B.V. and Kredietpaspoort -47,226 -49,913
Other income and expense -3,641  N/A
Total other income (expense) 220,352 -36,883
Net loss -2,821,794 -1,260,196
Net loss attributable to non-controlling interests -28,794 -30,016
Net loss attributable to Symbid Corp. stockholders  $(2,793,000)  $(1,230,180)
Basic and diluted net loss per common stock  $(0.10)  $(0.05)
Weighted average number of shares outstanding
Basic and diluted 28,396,751 22,580,549

Posted by & filed under Financial results.

Full Year 2014 Income Sheet
Year ended December 31
2014 2013
Revenues
Crowdfunding 267,58 66,716
Other 8,967 12,714
Total revenues 276,325 79,430
Operating expenses
Selling, general and administrative 2,151,679 427,103
Professional fees 776,243 795,615
Research and development costs 320,032 78,773
Depreciation and amortization 70,517 1,302
Total operating expenses 3,318,471 1,302,793
Operating loss -3,042,146 -1,223,363
Other income (expense)
Fair value adjustment derivative liability – warrants 291,662  1,341
Interest expense -31,405 -20,166
Government subsidy  10,962 31,905
Equity loss in Gambitious B.V. and Kredietpaspoort -47,226 -49,913
Other income and expense -3,641  N/A
Total other income (expense) 220,352 -36,883
Net loss -2,821,794 -1,260,196
Net loss attributable to non-controlling interests -28,794 -30,016
Net loss attributable to Symbid Corp. stockholders  $(2,793,000)  $(1,230,180)
Basic and diluted net loss per common stock  $(0.10)  $(0.05)
Weighted average number of shares outstanding
Basic and diluted 28,396,751 22,580,549

 

Full Year 2014 Balance Sheet
December 31 December 31
2014 2013
Assets
Current assets
Cash $233,068  $891,592
Accounts receivable, less allowance for doubtful accounts of $8,436 and $10,718 respectively 45,070 2,897
Prepaid expenses and other current assets 53,366 59,486
Total current assets 331,504 953,975
Property and equipment – at cost, less accumulated 
Depreciation and amortization 8,480 4,259
Investment in associated companies 10,750 1,432
Intangible assets, net 1,031,692  N/A
Total assets  $1,382,780  $959,666
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable  $378,023  $138,495
Accrued expenses and other current liabilities 291,540 256,928
Deferred government grants  N/A 11,017
Current maturities of notes payable 118,149 41,657
Total current liabilities 787,712 448,097
Notes payable, less current maturities 91,914 237,973
Derivative liability – warrants 153,154 303,662
Total liabilities 1,032,780 989,732

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – March 24, 2015:

Economic Board Utrecht pledges over $1m in growth capital to entrepreneurs on Symbid, The Funding Network™

 

Symbid, The Funding Network, signs partnership with Economic Board Utrecht

 

Symbid, one of the first investment crowdfunding platforms worldwide and now The Funding Network™, today announced a strategic partnership with Economic Board Utrecht (EBU), a Dutch regional economic development group, to support small businesses with over $1 million of funding. The partnership will provide local, sustainable initiatives with loan capital via The Funding Network™ by Symbid. EBU will contribute up to 25% of a start-up’s required growth capital while the 30,000 private (crowdfunding) investors and 40 institutional investors connected to The Funding Network™ will invest the remaining capital.

“Small businesses are the engines of our economies. It’s great to see a major economic organisation like EBU recognize this by committing over $1 million to innovative start-ups via The Funding Network™.” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “This collaboration is really about simplifying the way our small businesses find funding at a time when bank financing is increasingly out of reach. We believe that by connecting alternative and traditional finance with standardized data protocols, The Funding Network™ enables a more efficient and transparent way of doing business. Symbid sees this partnership as another step toward becoming the go-to funding platform for small business.”

Small- and medium-sized enterprises (SMEs) are crucial drivers of growth in regional economies but can struggle to obtain finance from traditional sources. A survey by the European Commission found that 39% of Dutch SMEs were rejected for bank financing in 2014, the highest rate in the European Union.[1] SMEs account for 79% of total employment in the Utrecht region of the Netherlands.[2]

EBU’s partnership with Symbid encourages high-growth SMEs to seek investment via a more effective capital allocation service, The Funding Network™. Entrepreneurs connecting to The Funding Network™ can access all types of finance, traditional and alternative, through a standardized deal format. This partnership is an endorsement of the new, online model for the financial industry and validates Symbid as the go-to platform for SME funding.

[1] European Commission, Survey on the Access to Finance of Enterprises – Analytical Report 2014 (November 2014) [Online: http://ec.europa.eu/growth/access-to-finance/data-surveys/safe/index_en.htm]
[2] Economic Board Utrecht, Economic Board Utrecht biedt MKB’ers nieuwe financieringsmogelijkheid’ [Online: http://www.economicboardutrecht.nl/nieuws/economic-board-utrecht-biedt-mkb’ers-nieuwe-financieringsmogelijkheid]

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – March 10, 2015:

New equity crowdfunding platform launched by Dutch financial technology brand and major Italian banking group

 


 

 

 

 
Symbid, one of the first investment crowdfunding platforms worldwide and now The Funding Network™, today announced the launch of Symbid Italia S.p.A. in partnership with Gruppo Banca Sella. Marco Bicocchi Pichi, Italian Business Angel of the Year 2014, will undertake the role of Managing Director. The collaboration sees Symbid leverage Banca Sella’s payment solutions, banking services and network to offer its innovative B2B and B2C funding portfolio in Italy as of second quarter 2015. Symbid Italia represents the first stage of a European roll-out of the investment crowdfunding platform operated by Symbid, The Funding Network™.

“We’ve built a community of 29,000 investors around our crowdfunding platform in the Netherlands and, as our core business grows exponentially, we believe the time is right to expand,” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “This partnership kicks off a European roll-out which, with the launch of The Funding Network™ in the Netherlands, strengthens our position as a leader in online funding. Through the combination of Banca Sella’s expertise and investor clientele, our financial technology and, of course, the crowd, we’re making efficient online funding a reality for Italian investors and entrepreneurs.”

“This new Company is an international project with strong Italian roots,” said Managing Director of Symbid Italia, Marco Bicocchi Pichi. “We will offer an innovative combination of services to entrepreneurs, start-ups, established companies and investors seeking growth. We’re excited to start working on improving access to finance for Italian small businesses.”

Symbid Italia aims to digitalize financial services for Italian small business with a new online funding platform based on Symbid’s validated crowdfunding technology and Banca Sella’s banking expertise and local market knowledge. This partnership combines traditional and alternative finance, enabling Symbid Italia to enter the market with a potential user base of accredited investors. Small businesses contribute 68% of Italy’s total added value (EU average is 57%) but can experience difficulties in accessing finance. Symbid Italia will provide an efficient, transparent and market-friendly solution for Italian small businesses in search of funding.

The long-term vision is to establish Symbid as the leading equity crowdfunding platform in Italy with Gruppo Banca Sella as its strategic partner. The Company will operate in the emerging Italian equity crowdfunding market following its registration as manager of a crowdfunding platform for the collection of risk capital via online portals as determined by the CONSOB. The Company’s operation is subject to verification by the TUF (Testo Unico della Finanza) in accordance with CONSOB resolution no. 18592 (adopted June 26 2013). The platform will function according to MiFID regulations regarding the size of investments.

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – March 04, 2015:

Crowdfunding brand announces new platform connecting traditional and alternative finance, The Funding Network™

 

 
Symbid, one of the first investment crowdfunding platforms worldwide, today announced the launch of The Funding Network™. Based in the Netherlands, the birthplace of the world’s first stock market, Symbid has launched a go-to platform connecting small- and medium-sized enterprises (SMEs) to all types of funding, traditional and alternative. The Funding Network™ represents the next phase in the evolution of the peer-to-peer model in the financial industry.

All over the world people are becoming better connected, creating cheaper, faster and easier access to products and services. Entire industries are being concentrated into single online destinations – termed ‘go-to’ platforms – disrupting as well as simplifying the way we live our lives. The Funding Network™ is the first comprehensive online platform for SME finance, providing entrepreneurs with direct access to equity and loan crowdfunding, bank loans, venture capital, angel investors and investment funds. Built around user-friendly investing, monitoring and data tools that enable everyone to track the performance of companies 24/7, The Funding Network™ bridges the information gap between crowdfunding and traditional investment methods through standardized data protocols.

“Our mission at Symbid is to simplify the way small businesses are funded through technology that enables a more transparent and efficient way of doing business. The launch of The Funding Network™ in the home of the world’s first stock market is a step towards a more democratic financial future for us all,” said Korstiaan Zandvliet, CEO and co-founder of Symbid Corp. “As an early mover in crowdfunding, we pushed ahead with paradigm-shifting technologies that help to level the financial playing field for investors and entrepreneurs. This is a logical evolution for a financial industry still grounded in a traditional, vertical, offline way of operating. The Funding Network™ will be the most efficient capital market for private companies.”

The Funding Network™ gives entrepreneurs access to all forms of finance, while offering (private and institutional) investors full transparency on the potential risks and returns of their portfolio. Every entrepreneur connecting to The Funding Network™ is guided towards the right type of funding with professional financial advice. Meanwhile, investors can personalize their deal flow according to key business criteria, pinpointing the investment opportunities that matter to them. This produces the most effective capital allocation service possible, underpinned by standardized XBRL data streamed from accountant reporting systems.

With over 40 funding partners already connected including banks, venture capitalists, angel investors, 30.000 private (crowdfunding) investors and affiliate platforms, the launch of The Funding Network™ on March 4 is just the beginning for Symbid. A signed partnership with financial advisory firm Credion means the expected total transaction volume of The Funding Network™ in 2015 is $800 million. “Symbid aims to revolutionize the financial industry in a way that enables more people to connect, fund and grow. We have but one message: let’s invest in each other,” said Korstiaan Zandvliet.

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – February 26, 2015:

Partnership to hoof-start crowdfunding campaigns for clever entrepreneurial cookies with Join Our Core 2015

 
JOC Image Symbid23
 
Symbid, one of the first investment crowdfunding platforms worldwide, is the Dutch platform partner of Join Our Core 2015, an international competition to find the brightest social entrepreneurs who not only share the values of Ben & Jerry’s, but want to stick a spoon in and make a difference! Symbid and Ben & Jerry’s are together supporting social enterprise in the Netherlands by gathering a herd of innovative young entrepreneurs keen to do more than just watch the grass grow.

“It’s great to team up with Ben & Jerry’s, a brand whose values are in line with our own in terms of making a positive social impact and empowering the many, rather than the few. Financial sustainability is key to the Symbid vision of simplifying the way small businesses are funded.” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “This partnership will support a new generation of Dutch entrepreneurs in changing the world for the better – I only wish Join Our Core had been around when we were launching Symbid! We’re delighted to be helping Ben & Jerry’s in making it easier for young people with innovative ideas to find funding. After all, crowdfunding can and should be a means for greater change.”

Join Our Core 2015 is seeking budding social entrepreneurs interested in giving their half-baked business ideas a helping hand with crowdfunding and marketing know-how. This year Ben & Jerry’s are especially interested in ideas relating to the issue of climate change, but all innovative ideas with the potential for positive social impact are warmly welcomed. As crowdfunding platform partner of Join Our Core 2015 in the Netherlands, Symbid will provide access to its community of over 29,000 investors and entrepreneurs to help spread the word about the competition. Five successful entrepreneurs will be given 20% of their crowdfunding total, marketing training, unique promotional opportunities and expert mentoring at the Ben & Jerry’s headquarters in Vermont, U.S.

The application process closes on March 16. Residents of the Netherlands interested in applying can do so here.

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – February 05, 2015:

Monthly recurring revenue recognition to begin as of March 2015 with launch of
The Funding Network™

 

 

Symbid Corp. (OTCQB: SBID), a leading financial technology brand committed to building an online funding network based on investment crowdfunding and cloud-based monitoring technologies, today provided an update on the Company’s continued progress in the execution of its business strategy.

Key Developments

  • Symbid Corp. will begin its vertical expansion into new products and services with the formal launch of the Company’s long-term partnership with financial advisory firm Credion in the first quarter of 2015. Symbid Corp. will receive monthly recurring revenues and transaction fees from Credion’s use of the Company’s online monitoring and deal-making tools during the month of February. The contract will see Symbid Corp. channel an expected $860 million worth of transaction volume in 2015 through The Funding Network™.
  • The Company has begun communicating an upcoming repositioning of the Symbid brand towards The Funding Network™, the go-to platform for all types of SME funding. The re-launch of Symbid.com in early February will incorporate a new online infrastructure stretching across crowdfunding (equity and loans), angel investors, venture capital and institutional investors. The Company’s new brand identity is linked to the ongoing addition of new products and services and will be announced formally in March 2015.
  • Management completed an initial closing of its Private Placement Offering raising $625,000 from a global investor base to support the growth of the Company’s online funding network. Symbid Corp. successfully raised the funds at a price 100% higher than the listed U.S. stock price, issuing 1,250,000 shares at $0.50.

Shareholder Update

Dear Fellow Shareholders,

The first quarter of 2015 sees the culmination of several crucial aspects of Symbid’s business development as we continue to innovate and expand our financial technology portfolio, adding long-term recurring revenue streams and creating value for our shareholders. The fact that we were able to raise capital at a significant premium to our stock price confirms that our investors recognize the true strategic value of The Funding Network™.

We are actively pursuing both vertical and horizontal growth of our online funding platform, as indicated by recent Symbid business highlights. The third quarter of 2014 saw exponential growth of 860% in the total capital invested via Symbid.com versus the same period last year. Additionally, we added 2,000 new users to our thriving community of 29,000 active investors, captured 10% of the entire Dutch seed capital market, and cemented our status as a global industry leader in investment crowdfunding. As of December 31, 2014, Symbid has facilitated over $7.3 million in funding to innovative start-ups and small businesses.

The continued exponential growth of our core investment crowdfunding business is the foundation on which The Funding Network™ is being built. This new, forward-thinking brand identity is rooted in our market positioning at the heart of financial technology and reinforces the introduction of several new products and services starting this quarter. The Funding Network™ provides small businesses direct access to all forms of finance, while offering investors full transparency on the potential risks and returns of their portfolio. Symbid is becoming the go-to platform for SME funding, connecting new and traditional sources of finance in one integrated network built around cutting-edge technology.

The upcoming launch of The Funding Network™ in cooperation with financial advisory firm Credion will see Symbid facilitate both B2C and B2B deals with an expected transaction volume worth $860 million in 2015. This partnership means we are making concrete progress towards a tiered business model producing monthly recurring revenues on top of our core crowdfunding revenues starting in March 2015. Credion’s evergreen subscription to The Funding Network™ represents the validation and monetization of our financial technology portfolio, demonstrating Symbid’s commitment to ensuring long-term value for shareholders.

Meanwhile, the introduction of a loan product in the second quarter of 2015 will mark our entry into the rapidly expanding peer-to-peer lending market. With Symbid earning 5% on every $1 loaned via our platform, this product has significant revenue-generating potential and is a major boost to our core transaction-based crowdfunding model. This is another crucial step forward in securing the long-term future of Symbid as we seek to deliver on our first mover advantage in online funding.

In terms of horizontal expansion, we are now initiating the first stage of a European roll-out with the launch of Symbid Italy in partnership with Banca Sella, a 129-year-old renowned banking institution. This joint venture is set to generate 6% commission rates on all funding and will validate our B2C business model. We expect the venture to yield further monthly recurring revenues with the incorporation of The Funding Network™ and its online monitoring and deal-making technology. Symbid Italy represents a key milestone in our growth strategy as we make steps to become the first Europe-wide online (crowd)funding platform with further expansions in 2015.

Our Company remains committed to revolutionizing the way SMEs receive funding as we lead the transition from crowdfunding to online funding. The addition of monthly recurring revenue streams with our cloud-based monitoring and deal-making technology does not only secure Symbid’s future as a leader in financial technology innovation, but signals the birth of The Funding Network™. As of February 2015, we are no longer one of the world’s first investment crowdfunding platforms — we are the go-to platform for small businesses in search of funding.
Thank you for your continued participation in Symbid — I look forward to speaking with you soon.

Sincerely,
Korstiaan Zandvliet, co-founder and CEO of Symbid Corp.

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – February 05, 2015:

Financial technology brand closes funding round with show of investor confidence in growth strategy

 

Symbid_logo_square_blue_bg_300px

 

 

 

 

 

Symbid Corp. (OTCQB: SBID), one of the first investment crowdfunding platforms worldwide, today announced the closing of its Private Placement Offering as one of a few companies to raise finance at a price 100% higher than its listed U.S. stock price. The funding will support both vertical and horizontal expansion of the Company’s business model with new products and geographies being added in the first quarter of 2015. Symbid Corp. placed 1,250,000 shares at $0.50, raising a total of $625,000 from its global investor base to support the growth of the Company’s online funding platform.

“Management is delighted we were able to conduct this funding round at double our stock price. This confirms that our investors are in full support of our business strategy as we expand from an equity crowdfunding platform to a broader network of funding,” says Korstiaan Zandvliet, CEO of Symbid. “It’s especially pleasing that both existing and new shareholders across Europe and the United States can recognize our true value. We would like to thank all Symbid investors for their continued participation in our mission to simplify the way small and medium-sized businesses are funded through innovative financial technologies. Together we’re building the world’s first integrated network of SME finance.”

Symbid became the first crowdfunding platform worldwide to be publicly listed in December 2013. The Company has since evolved into a leading financial technology brand while growing its product portfolio. This latest funding round was concluded with a number of well-known Silicon Valley technology investors. Their investment follows a signed agreement with financial advisory firm Credion to channel an expected $860 million worth of transaction volume through the Symbid funding network in 2015. Symbid is introducing loans to its platform as a result of this partnership, with more funding options being added in the second quarter of 2015.

“Our investment in Symbid is based on a firm belief that this company has the potential to disrupt the financial world by creating a transparent and efficient online network of SME funding and asset management. The signed deal with market leader Credion is evidence that Symbid is now really starting to deliver on this potential,” says Hendrik Kasteel, former Managing Director of Deutsche Telekom. “We anticipate online funding to become the next big thing in finance, and we’re confident that Symbid can utilize its first mover advantage to lead this process. I’m excited to watch Symbid develop throughout 2015.”

Posted by & filed under Press Releases.

New York, NY and Rotterdam, NL – January 08, 2015:

Investors in The Surprise can profit from box office returns through new Symbid and A-Film partnership

 

Symbid_logo_square_blue_bg_500px  mike-van-diem

 

Symbid, one of the first investment crowdfunding platforms worldwide, has launched the campaign for Oscar-winning director Mike van Diem’s long-awaited film, The Surprise, in association with A-Film Benelux. A romantic comedy focusing on assisted suicide, it is the first in a series of films to be funded by the Symbid Funding Network and its ever-growing community of 28,000 active investors.

“The film industry is no stranger to crowdfunding, but the chance to actually buy shares in a high-profile movie title like The Surprise is genuinely revolutionary,” says Korstiaan Zandvliet, co-founder and CEO of Symbid. “Films are perfectly suited to investment crowdfunding because, after all, investors are also ambassadors. We see this campaign as evidence of the progress Symbid, and the crowdfunding industry generally, is making towards offering a serious alternative to traditional finance.”

Investing in an Oscar-winner

Crowdfunding has become a popular method of film financing in recent years, with backers typically receiving free cinema tickets and other rewards. However, the opportunity to purchase equity in a movie title remains rare. Therefore the decision to crowdfund van Diem’s The Surprise is seen as a milestone for Symbid and the crowdfunding industry generally. Symbid and A-Film are together enabling investors to share in the box office returns of a true ‘A-list’ movie production for arguably the first time.

With a minimum investment of $27, all Symbid investors can potentially receive financial returns plus unique rewards such as the opportunity to meet the cast. The Symbid Funding Network has already funded several Dutch films for a total amount of $600,000.

A beautiful, complex story

Set for worldwide release, the film centers on an eccentric millionaire who, depressed by his bland existence, decides to hire a firm specializing in seemingly accidental suicides. After signing an irreversible contract, he meets a beautiful woman who gives him something to live for – forcing them to attempt to outsmart the contracted firm. “The Surprise is a beautiful and complex story that is at once romantic, melancholic and very funny,” says Jamie Carmichael, President of Content Film.

Now in post-production, it is van Diem’s first film since receiving the Academy Award for Best Foreign Language Film in 1998 for the drama Character. The acclaimed Dutch director previously won Best Foreign Student Film in 1990.