Crowdfunding platform Bloom VC has announced a second successfully-funded movie project, bringing the total number of successfully funded projects to five.
A sixth is fully funded with another nine days fundraising still to go.
Bloom’s founder and CEO Amanda Boyle is delighted with the initial response to her crowdfunding platform, but says the best is yet to come.
“Crowdfunding has taken America by storm – there are projects raising millions of dollars on US platforms – and it won’t be long before Scotland grasps the concept and takes it to the next level.
“As an alternative route to funding for startups, existing businesses, community projects and social enterprises, Bloom will change the financial landscape forever.”
For Dark Form’s Mark Wright, crowdfunding proved to be the only way he could raise money to make his latest film, Innocent Violation.
“Trying to find funding for anything in today's market is difficult, but funding for short films can be near impossible,” said Wright. “I had tried the standard ways, like approaching businesses in return for profits etc, but found it difficult to get a buy-in for it.
“I was amazed at the number of hits my proposed project got and in the end, not only was my project fully funded but 117% was raised, making the project viable and easier to produce, particularly since the extra raised will result in fewer constraints on the budget.
“And I was also amazed at the amount of support I received – I did of course receive wonderful support from family and friends – but a big portion of the funding came from people I had never even heard of before.
“Now I can push forward with the short film, and I also have a pool of backers that I can hopefully call upon again with future projects.”
Bloom has also funded a student dance project premiering at the Edinburgh Fringe in August, a foodshare co-operative, and a new music platform for Scottish bands and musicians to promote and share their music.
Singer songwriter Andrew Huggan has already reached his target to fund his album recording, but still has nine days in which to raise even more money.
Wake Up Call, Bloom’s first successfully funded movie, receives its premiere in Edinburgh this week.
Bloom has 70 projects in production waiting to go live, including three food/restaurant projects, jewellery and fashion, tv, film and technology.
Notes to editors:
You can see the successfully funded projects – and those currently raising money – at www.bloomvc.com
For further information please contact Michelle Rodger – 0780 3730207 firstname.lastname@example.org