- Fellow Funders receives an award from the Asociación Española de Business Angels (Business Angels Spanish Association) for the best financial operation in 2019, thanks to the financing round with the brewery Dougall’s.
- The financing round was closed in a record time of 6 hours and 15 minutes, recruiting a total of 1,249,848 euros thanks to more than 400 investors.
- AEBAN presented the award during its eighth annual congress held in Madrid on Monday, November 18.
During the 8th Edition of AEBAN Congress taken place in Madrid last Monday 18, November, the awards that are intended for promoting and supporting the Business Angel image as a mean of financing for innovative entrepreneur projects were presented. The Fellow funders’ online alternative investment platform (equity crowdfunding), current leader in Spain, was awarded for the best operation of the year with Cervezas Dougall’s.
The said operation was successfully closed in May of this year. The craft brewery reached, in only 6 hours and 15 minutes, 125% of the total of its financing round (the maximum allowed by the Spanish Law). Dougall’s managed to recruit 1,249,868 euros from 438 investors, among which were customers, providers and friends.
These are the reasons why this round became the biggest in equity crowdfunding, completed by a Spanish platform in a record time.
Cervezas Dougall’s is a Spanish company focused on the production and distribution of craft beers. Since 2006 they have produced up to 13 different types of beers, adapting to the tastes of their potential consumers. Their important recognition in Spain has led them to expand their facilities to produce one million liters per year to satisfy all the demand for their beers. www.dougalls.es
About Fellow Funders:
Fellow Funders is an online alternative financing (or Equity Crowdfunding) platform created by a group of investment experts with decades of experience in the industry. It is the only platform that offers alternative investment using a unique scoring model and valuation algorithm, developed to offer investors only the best projects. Fellow Funders offers the possibility to invest in startups and SMEs to both professional and individual investors. Fellow Funders is authorized and registered with the CNMV to operate as a crowdfunding platform (PFP). www.fellowfunders.es
AEBAN is the Spanish Association of Business Angels. It was created in 2008 under the Law 1/2002 and its main goal is promoting the Business Angels activities and networks in Spain. At present, AEBAN has 35 Business Angels networks, with main offices in 11 Autonomous Communities. This network has at the same time 2,000 investors, who, in the last year, raised resources with a value of 40 million euros. www.aeban.es