Crowdfunding enables SolarS3C to bring electricity to 80% of Africa!

16 JANUARY 2013, ROTTERDAM - THE NETHERLANDS
Summary
SolarS3C has only one goal: to provide the masses in Kenya and Ethiopia with clean tech and affordable electricity. An initiative gratefully welcomed by the people living without electricity in sub-Saharan Africa. Via a crowdfunding campaign on Symbid, the equity-based crowdfunding platform in the Netherlands, SolarS3C has managed to gather €50.000 from the crowd.

On the 24th of December, Solar S3C finished their equity-based crowdfunding campaign on Symbid. With a goal capital of €50.000 gathered by 90 investors, the average investment of €550 was over twice as high as normally the case is. This is exceptional since equity-crowdfunders focus on commercially interesting propositions in most cases, creating a pool of investors who expect a certain ROI: not something most charity-like propositions can provide in.

SolarS3C calls it “social entrepreneurship”; a combination between entrepreneurship and changing the world for the better. According to S3C, solar energy doesn't only provide electricity; it provides better schooling, safer hospitals, power for TV and computers and the possibility for African communities and families to become self-sustaining via the education of technicians and resellers. In order to create a community that helps gather the money and support for this project, S3C decided to turn to crowdfunding via Symbid.

Jeroen Pool is enthusiastic about S3C's recent success: “It's great to see that both the community and entrepreneurial spirit are present in the people of Africa as well as in the investors who've helped us reach our goal capital. This has been an exciting holiday season and we plan to continue on this path in 2013 and onwards!”.

Korstiaan Zandvliet, CEO and co-founder of Symbid, is excited about SolarS3C’s successful campaign: “SolarS3C’s mission to bring electricity to Africa is a great one and one which we have supported with great pleasure. We are exhilarated with the outstanding results and have no doubt that SolarS3C will succeed in her mission.” 

 

About Symbid

Symbid is the first investment platform where investors can directly invest from as little as €20 in the equity of start-ups or existing businesses. Any entrepreneur is able to achieve growth or to raise capital via Symbid. Symbid is winner of the Shell Live Wire Audience Award and is among the most innovative companies in the Netherlands. For more information: www.symbid.com

Quotes
"It's great to see that both the community and entrepreneurial spirit is present in both the people of Africa and the investors who've helped us reach our goal capital. This has been an exciting holiday season and we plan to continue on this path during 2013!" Jeroen Pool
"SolarS3C’s mission to bring electricity to Africa is a great one and one which we have supported with great pleasure. We are exhilarated with the outstanding results and are confident that SolarS3C will succeed in her mission." Korstiaan Zandvliet
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About Symbid

About Symbid

Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid is The Funding Network™, where companies get funded and grow. As a leading online funding portal for small- and medium-sized enterprises, Symbid gives entrepreneurs direct access to traditional and alternative forms of finance, while offering investors full transparency on the potential risks and returns of their portfolio. Advanced investing, monitoring and data tools ensure companies connecting to The Funding Network™ are financed in the most efficient way possible. Built around cutting-edge technology and expert financial advice, The Funding Network™ by Symbid is the go-to platform for entrepreneurs in search of funding and investors in search of exciting opportunities. As of March 2015, Symbid (www.symbid.com) has successfully funded 70 small businesses for a total capital sum of $7.5 million. With over 40 funding partners already connected – including banks, venture capital, angel investors and 30,000 private (crowdfunding) investors – the total transaction volume of The Funding Network™ in 2015 is estimated at $800 million. Symbid Corp. is a U.S. publicly listed company (OTCQB:SBID). For investor relations, please visit www.symbidcorp.com.

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