Wikifolio secures a €6M investment round structured by SpeedInvest
Last month, we wrote about wikifolio teaming up with Finanzen100 in a strategic partnership (read the story here). Wikifolio, however, is determined to keep us on our toes with more newsworthy developments, by raising a 6-million-euro investment round led by SpeedInvest.
Wikifolio is an Vienna-based startup whose certificates are said to be the first social media investment products available. Equipped with their own ISIN, the wikifolio certificates can be traded on the Stuttgart stock exchange and over the counter at Lang & Schwarz. Following the partnership with Finanzen100 last month, CEO Andreas Kern said to have received positive feedback from users. “The traffic we’re getting from this partnership is increasing steadily. Looks like we have achieved a win-win-win situation: Finanzen100, our users and ourselves are happy with the collaboration,“ he told inventures.eu.
Apparently, this progress has not gone unnoticed, as wikifolio secured no less than 6 million euros in fresh capital. The deal was structured by SpeedInvest and brought in financing from existing shareholders, such as VHB Ventures, Lang & Schwarz, Michael Grabner Media and Michael Altrichter, as well as new private investors.
“We started talking a good half year ago,“ Kern said. In the end, we decided to go with the partner who offered the best combination of fair terms and an impressive amount of expert know-how of our market.”
Wikifolio disclosed to inventures.eu its current ownership structure, which after this latest capital inflow looks as follows:
The money will be used to help develop wikifolio.com into a global brand. The startup plans to focus on growing the team further and investing energy into product development: new features for investors and traders, mobile apps and new partners.
Looking back at a successful year
In the last month alone, wikifolio has brought to market two new offers in cooperation with long-time partner S Broker: “wikifolio-Zertifikate,” which are priced at 0,99 euro as well as “Sparplan wikifolios”. These two products represent the first step in opening wikifolio towards a broader target group and becoming relevant in the less experienced investor segment.
In our previous coverage, we’ve also related that wikifolio reached profitability earlier this year, has executed the one millionth trade and has successfully expanded operations (read the full story here).
“We look back upon a great and successful year since we started – nearly everything that we’ve initiated has worked out well. However, we are aware of the fact that we need to prepare for possible backstrokes that may come in the future as well, “ Kern added.