Broota

  • FoundedApril 2013
  • HeadquartersChile
  • FundingLess than $1 Million
  • Sector-FocusGeneralist
  • Stage-FocusSeed, Early
  • SecuritiesEquity

Snapshot

Launched in April 2013, Broota was Latin America’s first equity crowdfunding platform. The company is headquartered in Santiago, Chile and has successfully closed three equity transactions since inception, raising roughly $363,000 (203MM Chilean pesos) for three Chilean startups, including itself.

Broota closed its seed round on its platform in December 2013. It raised ~$228,000 in a transaction that valued the company at $1.9 million. With 68 investors the mean investment amount was$3,500

With plans to expand throughout Latin America, Broota moved into Brazil with BrootaBrazil in late 2013. The company is looking to raise an additional 100,000 Brazilian Real (~$43,000) on BrootaBrazil to finance the expansion.

Deal Flow

Industry agnostic, Broota offers access to early-stage deal flow in Chile across all industries. There is no net-worth, income or accreditation requirement for investors. The minimum individual investment is $60, and a maximum can be set by the issuer.

Fee Structure

For Investors

  • Investment fee: 2.5% of amount invested
  • Payment Transfer Fee: $1 if transferred from checking account. 3.5% if via credit card (… Use that checking account!)

Issuers

  • Success fee: 5% of total funds raised

Executive Team

Alejandro Pérez Spencer

Co-Founder, CEO

- Founder - Patagonian Values, 2011-2012
- Exports, Viña Montes, 2009-2011
- Exports, Viña Tarapaca, 2005-2009
- Commercial Engineer U. de los Andes, 2005

José Antonio Berrios Cruzat

Co-Founder, CTO

- GN Director and Partner, Global Networks, 2008-2012
- Gestionnaire, JRS, RD CONGO, 2011-2012
- PUC, Diploma Civil Engineer Industrial Information Technology, 2006

Social

July 12, 2013

Latin America, a rapidly-developing region with a (mostly) common language and an affinity for social media, presents a great opportunity for crowdsourcing and crowdfunding. Recently, we learned of an equity crowdfunding campaign that took place in Chi …

© 2012 Open World Ventures LLC