Miguel Cordon · · 1 min readJapan’s Global Brain backs local crowdfunding platform
Japanese venture capital firm Global Brain invested an undisclosed amount in rewards-based crowdfunding site Campfire through its GB-VII Growth Fund Investment Limited Partnership.
Photo credit: venimo / 123RF
Campfire allows individuals, small businesses, schools, and local government to fundraise for projects and challenges. The company offers donations, rewards, and lending-based crowdfunding services to generate revenue.
Since it started operations in 2011, the startup said it has raised over US$100 million and has helped more than 21,000 projects on its platform through over 1 million patrons, according to a statement.
Recently, Global Brain participated in a US$17 million series B round for retail automation platform Vue.ai. The VC firm also became a strategic funding partner for Perlin, a Singapore-based cloud computing startup, late last year.
Editing by Charmaine de Lazo
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