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Indemo Successfully Closes 2024 Equity Funding Round

Indemo Successfully Closes 2024 Equity Funding Round

Indemo Successfully Closes 2024 Equity Funding Round

We’re pleased to announce that Indemo, the European asset-backed investment platform, has officially closed its 2024 equity funding round. Raised in a series of tranches over the span of the year, the business secured €556,000 at a €7.5M pre-money valuation.

The round was funded by a mix of new and existing private investors from Ireland, Canada, Lithuania and Latvia, primarily from the financial services, marketing and media sectors.

Indemo has enjoyed a successful rollout in Europe on the back of the cross border services passporting under EU regulations. The latest raise will keep this momentum going - helping support high growth marketing strategies across 29 EU/EEA member states, along with a roadmap of new platform features and investment product offerings.

There are a number of major new initiatives and platform enhancements on the horizon for Indemo, including the launch of the eagerly anticipated secondary market feature. This groundbreaking new exchange will allow mortgage debts to be traded between ordinary retail investors for the first time ever.

The company will also expand its range of asset-backed investment products with the launch of Bank-Type Mortgage Loan Investments. This product will provide additional opportunities for investors who prefer regular income to participate in the Spanish real estate market - furthering the platform’s goal of democratising investment for all.

Indemo’s CEO and Co-Founder Sergejs Viskovkis has a confident outlook on the future of the business, saying:

Sergejs Viskovkis, CEO and Co-Founder of Indemo

We’re excited to welcome our new equity investors, who share our vision of investment democracy, believe in our customer base, and trust our roadmap. This new funding injection will provide us with the capital we need to take operations, growth, and engineering to the next level.

We also know that the Indemo community is curious about opportunities to purchase equity in Indemo, so we may consider a limited crowd offering in 2025.

About Indemo

Founded in 2021 by a passionate and experienced team of ex-bankers, Indemo aims to democratise investment by providing the public with investment products usually reserved for high-net-worth individuals and institutions.

Licensed as an investment firm by the Central Bank of Latvia in 2022, Indemo has since attracted thousands of European users to the platform, and is currently managing over €5.5 million in assets.

Named as one of the top 10 startups to watch in 2024 by EuStartups.com, it looks like Indemo has a promising future ahead of it, with plenty of exciting news and updates to come.