During the confinement, the alternative investment platform Fellow Funders backed these two Socially Responsible Investment projects. Finally, both rounds of funding have been closed, significantly exceeding the initial target and raising together more than 700,000 euros.
Fellow Funders has successfully closed funding rounds for Mooevo and ConnectedLife in its commitment to generate positive social impact and continue to help save lives. Socially responsible investing (SRI) is an investment discipline that takes into account environmental, social and corporate governance (ESG) criteria to generate competitive long-term financial returns and positive social impact.
ConnectedLife is a digital platform that facilitates access to users’ personal information to help rescue services provide a better assistance in case of emergency. The platform was born because of the accident suffered by the founder’s brother and the need to improve the quality and effectiveness of assistance to people in an emergency situation.
This digital platform has finally raised 374,418 euros, which represents 125% (maximum legal amount allowed in Spain) of the total round. This has been possible thanks to the support of 33 investors, who trusted in the project from the beginning. Chamberí Ventures, a private investment fund that decided to back the project due to its clear innovative component, also participated in the round.
On the other hand, Mooevo is an internationally patented device developed by the company Genius eMobility Systems S.L., which allows a conventional wheelchair to be given mechanical propulsion by a motor platform, which pushes and guides the wheelchair simply and safely.
During the health crisis, Mooevo loaned 30 devices to the COVID-19 field hospital in Madrid in order to facilitate mobility over long distances within IFEMA.
Mooevo’s funding round closed with the support of 138 investors, many of them non-professionals. It has managed to raise a total of 330,147 euros, which represents 120% of the total target of the round.
Both projects will continue their expansion and grow while saving lives with the raised money. In addition, they have reached important agreements with major companies that will help them achieve their business goals.
Since its beginnings, Fellow Funders has always been aligned with ESG or socially responsible investing and it is part of the firm’s DNA. Fellow Funders will continue supporting these types of projects and opens a new avenue of funding for the most innovative ESG projects with growth potential.
Mooevo was founded in 2018 to develop innovative solutions that would improve electric mobility in their immediate environment, applying their knowledge of electrical and mechanical technology, with the aim of achieving a cleaner, more supportive and sustainable world. As a result of this enthusiasm and energy, Genius Emobility Systems is today an engineering company that designs and develops disruptive and exclusive solutions for the electric mobility of people and transport.
From a technological and engineering approach, Mooevo is always looking for the development of products based on the advantages of energy innovation, as well as adapted solutions, in order to contribute to the development of mobility and to be able to transfer these innovations to many sectors of activity such as electric and sustainable transport for last mile delivery, and industrial logistics.
About Fellow Funders
Fellow Funders is an independent firm whose mission is to support SMEs and startups in their expansion and consolidation plans through the search for an optimal financing model.
The Finance Symphony represents the harmony of the 4 movements at the service of entrepreneurs, managers and their companies, as well as investors: from the valuation of a company through Fair Value, through the financing rounds of the Crowd Investment platform, the financial and strategic advice through Alternative Assets, and finally by accompanying its clients in their exits to the capital markets with its Capital Markets division.
These four movements are synergistic and harmonious. They work together to generate the same melody, offering their clients the services they need for their transformation, corporate growth and internationalisation.
About Connected Life
Connected Life is created to improve citizens’ safety by providing the platform with our personal data, thus enabling faster and more effective action by health services thanks to its artificial intelligence.
This platform, which is fully operational, has created agreements with different administrations and public and private institutions to provide the best service to citizens.
It is a completely secure platform, as Connected Life uses elements such as facial recognition, fingerprint, vehicle number plate and Bluetooth. Not forgetting that, for data security, the tool has a specific security module that prevents information leaks.