Home-heating device gathers EUR 11.000 within one week via crowdfunding

Nerdalize, a producer of server heat-heating systems, successfully closes crowd financing round of EUR 50.000

24 SEPTEMBER 2013, ROTTERDAM, NETHERLANDS
Summary
Rotterdam The Netherlands, 24 September 2013 – The crowdfunding campaign of Nerdalize, a company that develops home-heating via server heat, has strongly accelerated after Nerdalize participating in a pitch event where potential investors could meet the entrepreneurs; the last EUR 11.000 has been gathered within a week. In total, an amount of EUR 50.000 has been gathered in three months via crowdfundingplatform Symbid; the investors share the 3.5% ownership they have in Nerdalize.

During the crowdfunding campaign on Symbid, the investors were offered the opportunity to invest in startup Nerdalize and collectively chip in the EUR 50.000. After reaching 72% funding within eleven weeks, Nerdalize pitched at a Symbid investment event where investors could directly ask their questions and listen to the pitches. Nerdalize finished the campaign a week after the event, meaning that during the last seven days, an average amount of EUR 1.600 was invested per day.

Nerdalize: home-heating of the future

Nerdalize' grid heaters convert server heat, normally seen as waste, to usable home heating. In contrary to the current situation were servers are placed in data centers, the Nerdalize servers are placed in consumers' homes. The computing capacity is being used by e.g. hospitals that conduct cancer research. Because Nerdalize has no data center that it should maintain, it can offer the computing power below market prices to businesses and institutes. In exchange for having the servers placed at home, the consumers do not pay for the generated energy that heats their home. As home heating is responsible for approximately 60% of the energy costs, the consumer can count on major savings via Nerdalize.

Boaz Leupe, CEO of Nerdalize, explains: “Nerdalize is a company that acknowledges a future that holds the certainty of increased energy usage, computing power and multiple electronic devices per person. In stead of adding another energy resource to that list, we chose to efficiently work with what is already available. In Norway, 99.8% of the population uses electric home heating. Combined with the growth in cloud computing this offers a unique opportunity to innovatively and effectively use our resources.”

“Startups on the Symbid investment platform, like Nerdalize, create a great possibility to attract investors whom they never could've contacted before, simply because larger investors are swamped with proposals or because other parties make a preselection for the investors ”, says Korstiaan Zandvliet, CEO of Symbid. “Investors got the chance to get to know the entrepreneur personally, which is a great addition to the Symbid platform where all digital business plans are being pitched.”

The investors who during the campaign bought Nerdalize shares, became shareholders after the pitch was fully funded and have been gathered in a cooperation. This cooperation functions as one shareholder who owns 3.5% of the shares.


About Symbid

Symbid is a unique, online financing platform that helps private investors, SME-entrepreneurs and startups come together in a safe and secure online ecosystem. Entrepreneurs can pitch their business ideas to investors, and investors get the chance to invest in profitable and game-changing ideas. In doing so, Symbid brings together all relevant parties that are necessary for successful funding. Symbid is globally seen as a leader in online equity financing. For more information, please check: www.symbid.com

Contact

For all other questions related to this press release, you can contact Mark Beers (mark.beers@sharpefinancial.com) or Frans Gunnink (frans.gunnink@sharpefinancial.com ). 

Quotes
"In Norway, 99.8% of the population uses electric home heating. Combined with the growth in cloud computing this offers a unique opportunity to innovatively and effectively use our resources." Boaz Leupe
"Startups on the Symbid investment platform, like Nerdalize, create a great possibility to attract investors whom they never could've contacted before." 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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