Eureeca.com. UAE crowd funding site eyes investment flurry - Technology. UAE-based crowd funding website Eureeca expects 100 local businesses to successfully raise capital via its website during the first year of operation, its co-founder has said. The website, which plans to launch in September with ten companies, has received enquiries from 65 firms looking to raise capital in the last week. “We are looking to launch the site with around ten businesses and we would expect that once we hit critical mass over the first year we hope to get around 15 businesses per month,” Sam Quawasmi told Arabian Business.
“Of that we are expecting around half (40-50 percent) to get funded so in terms of the opportunities we would hope in our first year to help 100 businesses reach their funding,” he added. Crowd funding, a capital-raising strategy in which investors buy small stakes in ventures through various websites, has become an increasingly popular way of raising money for small to medium sized companies. Aflamnah (Aflamnah)