Eureeca

  • FoundedJuly 2013
  • HeadquartersUnited Arab Emirates
  • FundingLess than $1 Million
  • Sector-FocusGeneralist
  • Stage-FocusSeed, Early
  • SecuritiesEquity

Snapshot

Eureeca is a global online crowdinvesting platform. It launched initially in Dubai, UAE and is the first equity platform to launch in the Middle East when it emerged from beta in May 2013.

While initially focused on the MENA region, Eureeca is unique in that it’s built a regulatory construct that will allow it to support businesses in all geographies. To-date, it’s had businesses launch funding campaigns from Jordan, UAE and Egypt. Similarly, it allows investors in a large number of countries to participate including UAE, Jordan, Singapore, Italy, Norway, Japan and the UK.

Since inception, Eureeca has raised $735,000 for six companies. In these first six deals the average number of investors has been 29, with an average investment of around $5,000. The platform has registered more than 4,000 users.

Deal Flow

Eureeca is a Generalist platform, and accepts applications from companies in all industries. The ideal business is 1-3 years old and has existing revenues. (Post idea-stage.) It’s early deals have been heavily concentrated in the Middle East.

 

Fee Structure

Investors

Pay a one-time compliance cost ranging between $15 – $50 depending on country of origin. This is paid directly to a third party compliance firm which checks to ensure users meet Eureeca’s criteria for investment.

Issuers

Pay nothing to apply. If approved to list on Eureeca, Issuers pay the following fees:

  • Issuer compliance check: $250
  • Refundable Deposit: 0.5% of the funding target
  • Success Fee: 7.25% (original deposit of .5% + 6.75%)

Executive Team

Christopher Thomas

Co-Founder, CEO

Chris has over 10 years experience in setting up and running businesses. He exited his last major business, an FSA regulated online brokerage with 60 staff in 12 countries, in 2010. He has provided various angel investments owning 2 online businesses and a property company in Brazil.

Sam Quawasmi

Co-Founder, Managing Director

Sam has 14 years experience working for international investment banks in London as well as regional investment banks in Dubai. Prior to founding Eureeca, he was Director for MENA equities at Arqaam Capital, and was Vice president of Equity Capital Markets at SHUAA Capital before that.

Social

May 7, 2014

Crowdinvesting platform Eureeca said on Wednesday that Sameer Al Ansari, the founder of PE Plus and

March 17, 2014

While the majority of the press and public are focused on crowdfunding in the US, UK and Europe, som

February 24, 2014

The Middle East is awash with positive sentiment around startups, and a regular flow of accelerators

January 22, 2014

“I will win the crowd,” asserts actor Russell Crowe in the epic film Gladiator, just as he contempla

December 23, 2013

“An investor’s always a fool,” said Jahangir Aka, a man who has mentored numerous small businesses o

November 27, 2013

The Jobs Act is easing restrictions around US venture capital funding but, despite the introduction

November 15, 2013

A UK based company with a branch office in DIFC, Peninsula Business Solutions will help SMEs looking

November 11, 2013

First Ever Jordanian Businesses Raise Money on Eureeca.com Abjjad, Foodlve and Harir launch campaigns to apply for funding from the crowd, making them the first international crowd investing campaigns globally. Three Jordanian businesses have recently …

October 29, 2013

Three Jordanian businesses have recently launched funding proposals on eureeca.com, the first crowdi

September 12, 2013

The growth of your SME may seem like a runaway train but – what happens when it loses steam due to lack of sufficient finances? Being the Co-Founder and Managing Director of the crowdinvesting platform Eureeca.com, Sam Quawasmi feels the growing financ …

June 20, 2013

It’s 10am in Nabbesh’s offices in Dubai. The team is a bit speechless. “We’re at 29%,” someone says

June 3, 2013

They are the ones who flock to his warehouse sales, snapping up the cut-price designer label fashion

May 18, 2013

Former Dubai International Finance Centre (DIFC) chief economist Dr Nasser Saidi has launched an internet crowdfunding platform designed to encourage investment into regional small-to-medium enterprises (SMEs). Dubai-based Eureeca will offer growing bu …

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