The amount of the deal (a majority investment) was not disclosed.
Founded by Italian Alberto Falossi in 2009, the platform offers donation and reward crowdfunding service for different kinds of personal projects, like birthdays, hobbies, medical bills, school expenses. Following the acquisition, Kapipal will continue its existing crowdfunding operations, with plans in place to expand the business into new areas in the future.
Used in the UK, the US, Canada, Italy, Spain, and Brazil. Kapipal has over 50,000 unique users a month.
Established in 2009 and led by Jouko Ahvenainen, Chairman, Grow VC Group aims to build a p2p and crowd finance model group through its own operations, strategic ownerships and partnerships. The Group currently includes Grow VC Operations, Crowd Valley Inc., Mutual Seed Fund, Grow Advisors and ChangeLab23.