Plant an App, a Romanian startup specialized in low-code applications, plans to get 1 million USD from crowdfunding. The company announced the listing on Republic.co, a famous equity crowdfunding platform in the USA. The company aims to attract investments of up to $ 1.07 million.
How does crowdfunding via Republic.co work?
The process of investing capital in a company listed on Republic.co is not complicated. Any company or individual around the world can become an investor in a technology start-up.
Plant an App’s goals include attracting investments of at least $ 25,000, with a target of $ 500,000 in a maximum of three months and 50% of that amount in the first month after launching the campaign.
Plant an App’s crowdfunding campaign is already active on the Republic.co platform, and will remain active until March 21, 2021.
“The acceptance process in the platform was a pitch in several stages, quite difficult, similar to an interaction with an investment fund. This campaign is also special for the situation we are in: we are a Romanian company listed on a platform of equity crowdfunding in the United States, with great openness to international investors. We would have liked to know that we are not the only Romanian company on this platform, but we have not been able to identify other Romanian startups that have gone through this experience”, explained Bogdan Lițescu, founder and CEO of Plant an App.
Unlike the classic crowdfunding system, where customers invest various amounts of money depending on the packages offered (pillars or perks), in the case of Republic.co and equity crowdfunding, the motivation of the investor is to own shares in the company, with the prospect of increasing their value in the future.
Currently, Plant an App also has a network of over 4,000 partners who can become investors in the company. The minimum investment is $ 150, and the company expects the average investment to be between $ 200 and $ 500.
Plant an App is a low-code applications development platform that helps companies build business applications.
Will the startup manage to attract the 1 million USD from crowdfunding in the end? We wish them success!