According to techcrunch, Mosaic announced today that it has received regulatory approval for its next crowdfunding process for solar projects in California for a total of 100MM$. As we understand it, the crowdfunding movement is mainly oriented towards startups with a technological or innovative component and towards design or creative projects, such as Kickstarter. Mosaic is a good example of the opportunity that exists to target these platforms to a specific niche and more traditional investment projects such as renewable energy, real estate or SMEs.
4.5 MM$ for the creation and development of the platform
Mosais raised 4.5MM$ in mid-2012 from spring ventures (2.5MM$) and the US Department of Energy (2MM$) are good examples of institutional support for the creation of innovative companies.
Milestones achieved: 1.1MM$ invested by more than 1,000 small investors
The platform opened its doors to the public in January 2013 with three projects that were fully supported in less than 24 hours. In total, the company says it has raised $1.1 million from more than 1,000 investors to fund 12 rooftop solar plants. Co-founder and President Billy Parish added that after the announcement was made this morning, it launched a project that needed $ 157,000 in funding, and raised the amount within six hours.
Explanation of the model
CEO Daniel ROsen explains in a very graphic way how the platform works and what are the advantages of investing in this modality that makes it accessible to a mass audience to invest directly in an asset that until now was only for institutional investors. See Explanatory video:
Diego Gutiérrez Zarza