Negative exit

aSmartWorld

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  • Social entrepreneurship
  • Digital Inclusion
  • Ethical consumption
  • Reducing waste
  • Industry, innovation and infrastructure
  • Responsible consumption and production
  • Partnerships to achieve goals
Impact category Tech for good Degree of maturity Start-up
Amount collected : € 399 600.00

Pitch

Important

Due to weakened cash flow and a slowdown in business caused by difficulties in sourcing used phones, aSmartWorld had to file for bankruptcy. Although capital injections were considered, they did not materialize due to insufficient commercial results. In the absence of new contracts, the company could no longer meet its growing expenses, leading to an increase in liabilities and making it impossible to continue operations.

Presentation

aSmartWorld has developed an innovative business model for the collection, refurbishment and re-commissioning of smartphones and tablets. Integrating the value chain locally, the company has set up a local collection system from public and private organizations as well as individuals. The objective? Relocate the refurbishing market. From 1 to 10 employees in 2 years, the start-up wants to become a reference in responsible refurbishing in Belgium and neighbouring countries. Participate in this first fundraising and become a shareholder of a circular company while benefiting from the tax-shelter.

Listen to Geoffroy's pitch HERE.

Presentation of the company
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Transaction

Reasons to invest

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Fundraising goal
€ 300 000
Financial product
Aandelen
Investing in unlisted companies carries the risk of losing all the money invested.