Celsius Network has reached its extended fundraising goal of $17,000,000 with over 700 qualified investors from all over the world chipping in on the BNKtotheFutue fundraising platform. Originally set at $15,000,000, Celsius extended the fundraising to match the overwhelming demand from the community.
“We are honoured that over 700 qualified investors have already put their faith in us, and are committed to keeping the raise open for as many more members of our community as possible. This is a natural step for Celsius which follows our 2018 ICO where over 1,500 users help fund the launch of our company,” stated Celsius Network CEO Alex Mashinsky.
While they accomplished their already extended goal, Celsius Network will leave the fundraising open to accommodate the 200+ qualified investors still waiting to be onboarded. The company will release more equity as these new investments come in, so no former investments will be diluted.
Celsius Network made the decision to crowdsource its fundraising because it aligned closely with its mission of bringing financial services and options typically only accessible by the 1 per cent to everyone.
With this current round of fundraising closing on July 26, qualifying investors are still able to invest as little as $1,000 USD to gain equity exposure in Celsius. Investors can check if they qualify to invest by signing up at BnktotheFuture here.
BnktotheFuture CEO Simon Dixon says:
“Working together with Celsius we have been able to launch an innovative equity fundraising campaign that will enable Celsius to grow faster in disrupting the debt markets using crypto as collateral. Over 700 investors are now equity holders in Celsius and we are happy to add them to our portfolio with others such as Kraken, BitFinex, BitStamp, Coinbase and many others that built our industry.”
Last month, Celsius Network announced its lead investor, www.Tether.to, that invested $10M in the company.
Celsius Network addresses the financial needs of today’s consumers worldwide through reward income and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based no-fee platform where membership provides access to curated financial services that are not available through traditional financial institutions.