Press release -

Wheelys crowdfunding campaign overfunds in record time – despite ‘Brexit’ turbulence

In the wake of the financial chaos that Europe is facing after the United Kingdom’s ‘Brexit’ decision, FundedByMe has been the host to a funding round that doubled it’s crowdfunding goal within the first day of launching on the platform. The Wheelys Café campaign launched on FundedByMe at 12pm on Monday 27 June and confirmed more than €350,000 from 78 investors in the first 18 hours. Wheelys Inc is a Swedish Y Combinator startup operating hi-tech organic bike cafés in 50 countries.

“The Wheelys campaign reached their crowdfunding goal in record time proving that despite the turbulence in the financial markets, crowdfunding truly is established as a viable alternative for good companies to whet the investor appetite, which sends a positive signal to other entrepreneurs and investors,” says FundedByMe COO Pontus Frohde. “We hope that even if the economy is set for a bumpy ride, this campaign proves that good entrepreneurs can still get funding from the crowd.”

Another element that has contributed to the Wheelys crowdfunding success is its existing network of customers, investors and fans. Early existing investors include Othman Laraki (Color Genomics), Paul Buchheit (creator of Gmail), Jared Friedman (founder of Scribd), and Justin Waldron (co-founder of Zynga) and preference for investments is given to all existing Wheelys café owners.

The Wheelys campaign is now live on FundedByMe via this link:

Related links


  • Economy, Finance


  • crowdfunding
  • equity crowdfunding europe
  • equity crowdfunding
  • wheelys


  • Stockholm

FundedByMe is one of a few full-service crowdfunding platforms offering capital through equity and loans. In the past years, some 449 companies from 25 different countries have been successfully funded with more than €22,8 million. The member base is a rapidly expanding network of more than 67,500 investors from over 177 countries around the world. FundedByMe headquarters are in Stockholm, Sweden, with a local presence in Finland, Singapore and Malaysia. 

For more information, visit


Susan Sjölund

Press contact Chief Marketing Officer Marketing and communications +46723338910

Daniel Daboczy

Press contact CEO and co-founder +46736269985