| Press Release Contact: Jean-Alexandre Mery, Date: June 30th 2010 Cofundit launches platform for alternative investment opportunity into Small and Medium Enterprises
Lausanne, Switzerland – June 30th, 2010 - Small and Medium Enterprises continue to struggle to fund their growth, caught between cautious banks and highly selective risk capital investors. Global Venture Capital Investments have dropped from USD 46 Billion down to USD 29 Billion in the past two years. Concurrently, in the last 3 years the syndicated loan volume dropped by two third down to USD 1.5 Trillion. Cofundit.com, a new internet-based network that brings together investors and creditworthy business borrowers, announced today the launch of its funding platform for Small and Medium Enterprises. It aims to facilitate alternative non-dilutive sources of debt financing between EUR 100’000 and EUR 2.0 Million. The Cofundit Team believes in Entrepreneurship, Transparency and in the power of the Crowd. They are challenging the prevailing financing model for companies and seek to do away with the current inefficiencies, leveraging key technologies available today, as well as the power of networks. This new alternative platform gives the opportunity for selected Experts to contribute and showcase their knowledge by evaluating Investment Proposals. It also enables individual investors to build a portfolio of diversified Investments within a new asset class. Interested parties can join the Cofundit community at http://www.cofundit.com Cofundit also brings people together around Investment proposals through regular regional events for Entrepreneurs, Investors and Experts, therefore building a community around Entrepreneurship. It is already planning its third Cofundit event in Basel on July 15th. About Cofundit Cofundit.com is a new online social network where businesses can finance their growth, experts can showcase their expertise and individuals can optimize their investments. Cofundit leverages the Power of the Crowd to screen attractive funding requests and facilitate the financing of Small and Medium Enterprises in Switzerland. Cofundit is headquartered in Lausanne, Switzerland. More information is available at: http://www.cofundit.com
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