Portuguese impact investment outfit raises €1.2 million


Goparity, a Portuguese impact finance platform, reached the target of 1,2M€ in an hour and the community is still invited to become a shareholder. The round was led by the European impact investment fund Mustard Seed Maze (MSM). The initial goal was to reach €1.2M in equity, but the Portuguese fintech increased this amount based on demand and is accepting “overfunding”. The funds will be used to further develop the platform and to expand into Europe and Canada.

Goparity is an impact finance and investment platform that empowers people and companies to use their money for good. Its community of 24 thousand users has already funded 200 impact projects in several countries around the world, across Europe, South America and Africa. This time it is the company itself that is seeking funding from private investors to support its growth. The startup founded in 2017 intended to raise at least 1.2 million euros in a round led by the MSM fund (already a shareholder of the company since the previous round in 2021) that included the participation of private investors, who can join the shareholder structure of the company through an equity crowdfunding campaign held on Crowdcube. The initial goal was €1.2M, but Goparity has already raised 1.4 million and will allow "overfunding", accepting a higher volume of investment. Any individual or company can buy shares from 11€. “We’re fully convinced that a purpose and collaboration-driven company like us will do much better if it is partly owned by the community it serves.” says Nuno Brito Jorge, CEO of Goparity on why part of the funding is being raised by equity crowdfunding. Goparity’s mission is to democratise sustainable finance. By inviting customers and partners to become shareholders and have a say in the future of the company, Goparity aims to lead by example. After the launch of its new app last month at a private event in Lisbon, Goparity now intends to invest in expanding across Europe and Canada and in developing the product by adding new ways to save money and invest. To do this, it will grow the team and is hiring for marketing, development, risk and operations. “We want to bring impact finance to everyday life so everyone can, in every investment, account or transaction be sure that they’re using their money for good.” Goparity has to date raised over €1.2 million from private investors (including Mustard Seed Maze (MSM) and Critical Software), business angels, backers and prizes. It is now looking to raise funds again (of which over €1 million is already secured by current shareholders).


By on Wed, 27 Jul 2022 09:13:00 GMT
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