Cringle | Updates

By Malte Klussmann

Final Stage of Cringle Campaign

Public
Public

Dear Companists,

The last days of our successful Companisto crowdfunding campaign are upon us. A last few days in which to gather momentum and give Cringle one final enormous push. So far, more than 1370 Companists have supported us with in excess of €710,000 and thus proven that Cringle is suitable for mass markets and solves many everyday problems. We want to provide you with an incentive for as yet undecided friends with which to highlight the advantages of a Cringle investment, which is why we have summarized the development of significant KPIs and also have some Cringle investment vouchers to give away.

 

Cringle - Strong Growth Rates at end of Campaign

Our Companisto crowdfunding campaign was launched on 28 June 2016 and we have been providing you with information about Cringle developments ever since. But I am sure you are most interested in the development of certain KPIs that we have prepared for you today.

 

Cringle - Key Performance Indicators for the final stage of the Cringle campaign

 

Over the course of the campaign, we achieved a weekly average growth rate of almost 20% (based on installs).

This obviously goes hand in hand with increasing user engagement. The number of invites that users sent to their friends increased by an average of 21% per week during the campaign. The number of transactions increased even more significantly, resulting in weekly growth of almost 24%. This shows that our Cringle users' general activity continues to grow and that viral distribution in our users' circle of friends is also increasing.

More than €900,000 had already been transferred via Cringle at the launch of our campaign. In regard to this KPI, we are particularly pleased to announce that our Cringle users have now sent almost EUR 1,500,000 via our system.

 

Cringle - en route to €800,000

Only 24 hours after the launch of the campaign and with your help, we were able to exceed to the €100,000 investment threshold.
We achieved our financing goal of €400,000 before the official end of the campaign and were sent numerous requests for further investment in Cringle. Therefore, we decided to extend our campaign and are now approaching that finishing line as well as having collected almost €800,000.
Let me just use this opportunity to say: THANK YOU!

To ensure that we do not lose the wind from our sails just inches from the finishing line, we want to expend a final burst of energy with your help.
Therefore, we decided to launch a voucher campaign with which you can hopefully persuade your friends and family to invest in Cringle, or that might prompt our existing investors to invest just a little more in our business.
For investments in excess of €100, the next 25 Companists will receive a voucher code which adds €20 to the investment.
It's very simple:

  1. Invest 100 euros in Cringle
  2. Write a mail to investor-relations@cringle.net and inform them of your recent investment
  3. We will send you a code
  4. Click on "invest" again, chose €20 as the amount and enter the code in the voucher field

These simple steps will add €20 to your investment for free.

Best regards,

Malte



Comments

Only registered Companists can comment. Please log in to leave a comment.

Note

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

800,000 €

Invested

1481

Companists

8.89 %

Share Offered

Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

Follow us

Contact Us
Your contact for all questions about investing on Companisto:
Andreas Riedel
Investor Relations

Toll-free phone number for investors

0800 - 100 26 70 (DE)
0800 - 10 02 67 (AT)
0800 - 10 02 67 (CH)

Service hours Mo-Fr 9 a.m.- 7 p.m.

Companisto GmbH
Köpenicker Str. 154
10997 Berlin
TÜV geprüftes Online-Portal | Companisto
Source: Own research. Based on data from the German Private Equity and Venture Capital Association - BVK, among others.
Investor Support
Please register in order to see the complete profile of Cringle.
Already registered?    Log in