A Year In Review

In January 2011 Buzzbnk officially launched its website. One year and 26 successful projects later, we have helped ambitious individuals and organisations raise over £248,000.

It’s been an epic twelve months. We had gather much information about crowdfunding before we started, and we’ve garnered a whole swathe of new insight since. Over the coming months, we’ll be sharing with the crowdfunding community many of the tips and tricks we’ve learned along the way.

But right now we want to cast back to last year, and to reflect on the achievements of our inaugural cohort of people and projects.

TimebankingIt was on April 10, 2011 that we celebrated our first ever successful campaign who crowd-funded £4,108 to publish a book on timebanking, called “Your Money or Your Life. Or Both.”. The first Time Bank in the UK was opened in 1998. Since then over 250 Time Banks have been launched and thousands of people have discovered that their lives can be richer, safer and far happier if they come together and get back to some ‘give and take’. Through timebanking they have all discovered a way to co-operate, to change their worlds for the better and to share and care for each other – regardless of the size of their bank balances.

Martin Simon, CEO of Timebanking UK, said, “I decided to use crowd-funding through Buzzbnk and self-publish as I am convinced that there will be plenty of people who would be interested in all the great things that have been happening and who would be happy to invest in the book and then enjoy reading it.”

You can watch a video about the findings that was filmed at the RSA:

Our first successful international project was ColaLife’s AidPods raising £3,055 on April 28, 2011.

“Some ideas are so simple! ColaLife is one,” explained founders Simon and Jane Berry. “Getting vital medicines to rural health clinics healthworkers or small shops can be a huge problem when there are no roads and no dependable transport. So why not use the Coca Cola distribution system… as you can buy a Coke almost anywhere?”

Cola LifeColaLife had already designed AidPods to fit between the rows of bottles in a crate which carry simple medicines out to rural areas. Through Buzzbnk they were able to raise funds to pilot the idea and make it work.

What we at Buzzbnk find particularly exciting is the range of projects that come through our door. We are as equally inspired by small projects as we are by big ones. Through a partnership with the Young Foundation, we have been helping young UpRisers raise up to £1,000 for their own campaigns. We have helped raised £615 for a pop-up tea room on Human Rights. And at the other end of the scale, we have organisations such as The Converging World, who raised £111,000 towards a new wind turbine as a 5 year loan.

And to celebrate our first anniversary we are offering all projects that go live this month a 20% discount off our commission and registration fee. How’s that for spreading the good even further? If you’re interested in raising seed-funding, fill in our form and we’ll take it from there. Or contact us at hello@buzzbnk.org.

About FundIt.Buzz

FundIt.Buzz (formerly Buzzbnk) is an online marketplace connecting social ventures with backers, supporters and cheerleaders.
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