No bank would have made money loose for Volocopter, then still E-Volo. Nevertheless, there were enough investors for crowd financing.
(Photo: Getty Images)
Berlin Anyone who relied on the start-up E-Volo, which now operates under the name of Volocopter, was taking a high risk. No bank would have made any money for the company that wanted to bring air taxis to market. But crowd investor Ewald M., an engineer who wants to remain anonymous, was fascinated by the idea.
And not just him. A total of 750 investors were found via the Seedmatch platform, who provided the company with EUR 1.2 million in subordinated loans in a crowd-funding round eight years ago.
This year there was a fantastic exit. Volocopter announced an IPO to its investors via Spac (Special Purpose Acquisition Company). A listing on the US stock exchange Nasdaq was planned.
After several rounds of capital, the company’s value was now around one billion euros. Since the subordinated loans of the crowd investors were to be converted into shares for this purpose, the stake had to be increased by a factor of forty.
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