FundedByMe closes SEK 20M in funding, looks to IPO in 2018.

FundedByMe, a Stockholm, Sweden-based company managing an equity crowdfunding platform, announced closing in SEK 20M ($2.4M).

The money was raised via its own platform from 867 investors, reaching the maximum funding goal, for 8% of the company at a SEK 250M ($30M) valuation.

FundedByMe, founded in 2011 and led by CEO Daniel Daboczy, developed an online tool, where both professional investors and regular people can find, identify and analyze presentations from startups, growth companies to pre-IPO in need of funding.

In 2016, the company had about SEK 4M ($500k) in revenues and losses of SEK 10M ($1.2M).