French crowdfunding platform Ulule picks up $5m

French crowdfunding platform Ulule has raised $5m in a series A round.

The investment comes from Paris-based impact investment firm Citizen Capital, as well as insurer MAIF and BNP Paribas.

The company was founded in 2010 and has attracted more than 1.2m users across 191 countries. It claims its platform has seen a 67% success rate with 14,700 projects successfully funded raising more than $69m in total.

Ulule is also experimenting with a physical retail location to sell the products that raise money through the platform.

The company will use the capital to expand further around Europe and scale up its team.

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