Beesfund

Managed by its eponymous company founded in 2012 by entrepreneur Arkadiusz Regiec, it is one of the first crowdfunding platforms in Poland, and Central and Eastern Europe.

[8] Through equity crowdfunding, initial capital is provided by small contributions from many backers,[9] thanks to which the company can raise funds for development in a short time.

[10] By establishing one of the first equity crowdfunding platforms in Poland, it offered the opportunity to buy shares of companies by payers not limited to transferring support for the venture but becoming its co-owners.

[13] Regiec compared crowdfunding with a bee swarm, where a single insect won't do much, but a full beehive can produce a jar of honey (hence the name of the platform).

[11] The platform's own issuance served as an example to prove the legality of public issues of shares offered without a prospectus or memorandum, in accordance with the guidelines of Poland's Financial Supervision Authority (KNF).

[16] Beesfund is presented as an incubator for the smallest companies that need money for development and want to gather experience on small issues, and the possibility of dispersing risk for investors with uncertain investments in unknown startups.

[22][23] The OdpalProjekt.pl is addressed to investors interested in debut projects, specific, and one-off ventures — cultural events, as well as album, video game, and book releases.

[10] According to Regiec, the platform is used by both people associated with issuers, and professional investors, as well as HNWIs from Wprost magazine's List of the 100 Richest Poles.

Every successful issuance on Beesfund is the result of a careful assessment of the investor community, hence the unsuccessful offerings are likely to precede a company closure.

Beesfund creators want its offerings to be associated with an emotional charge[42] — so far, the platform issued shares of sports clubs, alcohol manufacturers, and video game producers.

[24] The fact of interest by several dozen or several hundred shareholders helps in obtaining a bank loan for development and may affect the involvement of potential strategic investors.

[44] In addition to company financing, the value of equity crowdfunding is the community itself, micro investors ready to entrust their money to a group of people with a business idea.

A properly managed community with such motivation is substantive support for the board, a source of valuable contacts, and a group of ambassadors who can help solve problems of the organization.

[9] At the beginning of January 2019, Beesfund CEO Arkadiusz Regiec informed about the analysis of the possibility of issuing shares in the football company Wisła Kraków, which needed PLN 80M to pay its debt.

[46][47] On January 17, Beesfund signed an agreement with Wisła Kraków,[48] and then on February 5, within 24 hours, 9,129 investors gathered 40,000 shares (5,115 percent) on one platform, worth PLN 4M (US$1M).

[49][50] In the first initiative of this type in Poland, the capital of the football company was increased, which even achieved a slight financial profit thanks to the issue of shares, loans, drop-offs, transfers, and ticket sales for a total of PLN14.2M (US$3.6M).

For larger amounts, the Wisła jersey with signatures of the players, and VIP Gold tickets which included a dinner with members of the board and team council.

[52] After the success of the offering for Wisła Kraków, more than 20 other Polish and foreign sports clubs, not exclusively football, came forward to Beesfund to sign similar contracts.

The founders wanted to discount the success of their small beer bar Spotkanie ze Szpiegiem (Meeting with the Spy), which managed to attract the community, and planned to invest PLN 400,000 (US$101,500) to create a brewery.

[55] Revenues from the sale of shares allowed to achieve the objectives of production, distribution, and branding, and high consumer involvement meant that the brewery is able to grow organically and predictably.

[45][56] The Beesfund offering prompted a business angel to invest in a company, that in July 2018, at the cost of PLN 14M (US$3.5M), launched their own brewery Browar Błonie.

[7] After the approval of the Polish Financial Supervision Authority, in November 2014, a week ahead of schedule, 181 investors from around the world bought 5% of the company's shares for PLN 200,000 (US$51,000).

[9] And although at the halfway point, Migam accumulated just over 4 percent of the expected amount,[59] strategic investors came forward,[11] and in April 2017, a Beesfund reissue took place.

[73][non-primary source needed] In July 2017, Beesfund launched a spin-off TokenBridge dedicated to blockchain technology, to create a mechanism for tokenizing shares, bonds, exchange-traded funds and conducting initial coin offerings.

[77] For analyzing financial results of companies, and increasing the efficiency of communication with shareholders, Beesfund will implement a prediction tool based on machine learning.

[1][6] The plans are for Beesfund to become the largest platform of the Intermarium region, helping startups from Lithuania, Latvia, Estonia, Bulgaria, Hungary, Belarus, Ukraine, countries of former Yugoslavia, and Georgia.

[1][4][29] In June 2018, BeesFund was awarded in the annual ballot Aulery, in which technology industry practitioners distinguish market leaders, and identify the best Polish companies with global potential.

Arkadiusz Regiec, Beesfund CEO
Wisła Kraków playing with FC Barcelona , August 2008