The future is already here, it’s just not evenly distributed … why don’t we change that together?
Well it’s been quite a year for Buzzbnk. We’ve seen many projects successfully funded; from financing an urban mushroom farm in Bath (which uses discarded coffee grounds to grow the mushrooms) to a social justice art exhibition. In total we have now funded 106 projects through the platform raising over £870,000, and none of this would have been possible without the commendable support you have shown us thus far, so thank you!
As Christmas approaches we’ve got plenty of brand new projects live on the site, looking for funds and ready to make a positive impact on society.
We’ve seen some real achievements this year: we launched the new look and feel for the Buzzbnk website with new functionality to capture not only cash pledges, but also time and in-kind (more on this in the next newsletter!). Plus I was personally delighted to be shortlisted for the Social Enterprise Women’s Champion award.
But there are two really big bits of news this week
Firstly, we are delighted to be able to tell you that we have now merged with Trillion Fund. United, we are the UK’s largest social crowdfunding platform with 14,000 members of which 5,000 are active funders. Trillion Fund, backed by Vivienne Westwood, specialises in raising funds for renewable energy infrastructure. So now we’re looking forward to combined endeavours to help people and planet, democratise finance and maybe make you a profit along the way.
It’s our mission to open up triple bottom line investments to everyone, and major targets for the future include reaching 100,000 active donors, lenders and investors by 2017 – that is almost twenty times the number we have today!
We really believe this partnership is the perfect match, as our Co-founder Michael Norton OBE, commented:
“This deal creates a platform of complimentary strengths. We are stronger together with Trillion Fund and we look forward to continue to innovate and serve the sector.”
The Buzzbnk.org crowdfunding platform continues after the merger on its mission to help social enterprises and charities raise the funding and support they need. The doors are still very much open for business as usual!
Crowdfunding for crowdfunders
And now for the really exciting news. Following our successful merger, the new combined business, which operates under the company Trillion Fund Ltd, has launched its own equity crowdfund, beginning a major investment round for 2015 and beyond.
We are raising equity capital now to offer a broader range of projects to support, expand the team and to extend our state of the art platform to makes it even easier and rewarding to donate, lend and invest.
Staying true to our beliefs, we are offering anyone the chance to invest as little as £10* – we want as many of you as possible to be apart of our onward journey and movement to empower social enterprise and social investment. We want to be the widest owned crowdfunding platform practicing what we preach.
You can check out the pitch here…
and watch a video all about our raise and what we’re trying to do here.
Do please note that this is an equity fundraise for the combined business. For this reason we are launching the raise through our partner platform Seedrs*, (they’re the experts with early stage equity crowdfunding.)
It’s a very exciting time for the Buzzbnk and Trillion teams, as the merger has made us stronger as a business, and only increased our ambitions for socializing money.
With heartfelt thanks for embarking on this exciting journey with us.
Theresa Burton, co-founder Buzzbnk, deputy CEO Trillion and Julia Groves, CEO Trillion
*Important – we’d like you to read this please:
This is an equity fundraise for our own business. For this reason we are hosting the raise with Seedrs, a specialist equity crowdfunding platform that is targeted at investors who are sufficiently sophisticated to make their own decisions and understand the risks. These include loss of capital, lack of dividends, illiquidity and dilution
In bringing this offer to your attention, neither Buzzbnk or Trillion are soliciting or making a recommendation as to the suitability or appropriateness of this offer. Please read the full details on Seedrs, including the risk warnings, carefully and/or seek independent financial advice before investing.
Any financial promotion contained herein has been approved by Trillion Fund Ltd; an appointed representative of Abundance NRG Ltd; a firm authorised and regulated by the Financial Conduct Authority (FCA).