Monday 24 February 2020

Dutch lending website Peerby raises $2.2m in crowdfunding campaign

peerbyDutch internet company Peerby, which helps users borrow items from their neighbours for free, has raised $2.2m through a crowdfunding campaign.

The company plans to use the cash to expand its recently launched paid-for service in Britain and North America. Peerby Go enables people to lend out household items for a fee, which includes delivery if necessary. The company also launched an insurance policy for lenders last year in a bid to generate cash.

The crowdfunding success, raised over a weekend from 1,051 funders, makes the ‘crowd’ Peerby’s biggest shareholder, the company said. ‘This particular campaign was a huge success and one of the largest convertible notes campaigns in Europe to be funded by crowdfunding,’ said community finance expert Ronald Kleverlaan.

Last October Peerby said it had raised €1.7m from a number of foreign investors. The financial injection came from French investment house Xange, American incubator Techstars and publisher Sanoma, which also invested in the company three years ago. has been free for 13 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
Donate via Ideal, credit card or Paypal.