New Crowdfunding Platform Freudon Goes After Youth And Millennials
Posted on June 3, 2016 by Lioness Staff
An ambitious new crowdfunding platform aims to do more than just host a fundraiser for your next great idea or business; it teaches you how to build a winning and profitable campaign. Freudon, the world’s first 360° crowdfunding platform, designed for the specific needs of youth and millennials ages 16-35, launched in Spring 2016 and has already raised over $100,000 for its entrepreneurs within its first month. The global company works with international startups, spotlighting the critical need to empower youth to enter the world stage with their ideas and stories.
Seventy percent of crowdfunding campaigns fail. Freudon’s remedy for this is through an ever-growing network of experts who guide each user through the process of building their campaign. At a highly competitive rate of 4% (less than most popular sites which normally charge a 5-7% fee), Freudon provides hands-on, one-on-one advice for everything from video creation, content of project pages, rewards, graphic design, communications and vision and strategy for expansion.
Among some of the business on Freudon.com are new restaurant concept based out of Berlin, Brasserie La Martine, which was fully funded in one day, raising over $25K with their campaign. Cufflinks Land, a new maker of stylish cufflinks for men based out of Melbourn, Australia raised over $48K. Some exciting and still growing projects include the BVKit, a business based out of Uganda, Africa, created by five college women, which provides a mobile phone application and hardware that tests for bacterial vaginosis. The kit offers early detection and prevention of cervical cancer as well as a means to improved overall reproductive health for women in areas of limited medical access and high levels gender related social stigmas.
See how Freudon works here.
Freudon seeks to address critical problems that hinder social good on a global level. Persistently high youth unemployment presents one of the biggest factors and most severe challenges for youth and millennials to overcome in today’s societies. In fact, the United Nations addresses this issue within its seventeen Sustainable Development Goals (SDGs) and during the 2016 United Nations Youth Forum a resolution for Youth Entrepreneurship was announced addressing the importance of youth entrepreneurship in achieving these goals.
Freudon believes that in addition to public sector action, the private sector must also address these challenges by bridging the gap between youth and new, successful business. By tailoring expertise support to attract individual and corporate backers, Freudon seeks to give resources to the many young people around the world who lack access to opportunities that will enable their economic growth and financial independence.