abilion community investment round

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abillion Launches Community Investment Round After Seeing 20X Growth in Two Years

Sustainability-focused social media and e-commerce platform abillion has announced a community investment round on crowdfunding service Wefunder. The round will give retail investors and abillion’s one million members a chance to invest in the company — something which would normally only be possible following an IPO. Nicholas Cator, who has previously led funding rounds in Oatly, Chewy, and Lazada, will be the lead investor. 500 Global, which led abillion’s seed round, will also participate. The minimum investment amount is $100, and investors do not need to be accredited. The news comes as abillion reports that the platform has grown by twenty times over the past two years. The community now features more than 2.5 million user-generated product reviews, while 4,700 Software-as-a-Service customers are on recurring …