Investing in times of uncertainty (Q3 2022)
Dear community,
It’s Nuno here again, writing from Barcelona while listening to Soup for one, by CHIC. What an epic guitar sample, later made legendary by Modjo’s “Lady” dance track.
Anyway, I hope you had a great summer!
We certainly had an intense one at Goparity which peaked with our very successful investment round that resulted in more than 650k€ invested by individuals in a total round of +2M€ investment: 💪 we are grateful to our community who now owns a part of us🙏
Some of the highlights of our crowdfunding campaign, in case you missed them
🤝 We launched with 1M€ already secured from our amazing investors MSM fund (Mustard Seed MAZE)
🎢 Schneider Electric’s Energy Access Impact fund joined the round on the second week of the campaign with a commitment to invest 350k€
🙌 Closed the campaign with 172% funding and 2.074.307€ raised
🧑🤝🧑1117 people and companies invested (VCs excluded)
👩 The largest individual investor is a woman #womeninbusiness
📢 We got more than 15 mentions in the news, both nationally and internationally
What happened last quarter 📈
This past quarter was marked by mixed feelings of excitement about the first “normal” summer after the pandemic and of “winter is coming”, generated by an atmosphere of uncertainty that spreads all over the world.
Right now, we have several reasons to celebrate — the funding round, an amazing month of August, the launch of our new app in late June and a growing team (keep reading 👇)
I am happy to share we recently welcomed Matias to our team. He’s an adventurer from Peru and is a lover of climbing, surfing and outdoor sports, who lived in the Amazon for a while. He’ll be working in BizDev with Manuel. I’m also pleased to welcome Beatriz, a Portuguese photography lover who’s an impressive runner and, by all accounts, a superb vegan chef (we’ll see about that in the next team gathering 😉). She’ll be working in MarComms with Rita.
I’m so happy to have them on board and can’t wait to work with them and get to know them better.
I am happy to share we recently welcomed Matias to our team. He’s an adventurer from Peru and is a lover of climbing, surfing and outdoor sports, who lived in the Amazon for a while. He’ll be working in BizDev with Manuel. I’m also pleased to welcome Beatriz, a Portuguese photography lover who’s an impressive runner and, by all accounts, a superb vegan chef (we’ll see about that in the next team gathering 😉). She’ll be working in MarComms with Rita.
I’m so happy to have them on board and can’t wait to work with them and get to know them better.
That said, it feels like now is the right time to focus on what’s ahead and how to deal with it.
Investing safely and sustainably 🌍
Investing sustainably, safely and in an informed way is always at the top of our agenda.
These principles become even more important given the current financial instability and the ongoing social and environmental crisis.
On the one hand, we need to be cautious and keep risks low, on the other hand, with the ongoing record inflation rates, the more idle money you have, the more you are losing.
As much as I like these emails to be inspiring and about the future, this time it feels like the most important thing we can do with the attention you spare is to share this article I put together about combining risk, return and impact in times of crisis. Below is a short summary:
- Diversify to mitigate risk 🧮
“Don’t place all the eggs in the same basket”. - Think long term: better return for you and the planet ☝️
“Slow money wins the race”, said Ray Dalio. - Reinvest for better returns 🔁
The beauty of compound interest — it is interest that pays interest. - Save, save and compound 🚀
Look after the pennies and the pounds will look after themselves. - Keep your investment expenses low (or at zero) 🤏
Investing is free and will always be. - Define a % of your wealth to invest 💰
Pay yourself first.
Click here to read the full article.
The quarter ahead 🔜
As usual, I’m also sharing a brief overview of what we expect for this quarter (that happens to be the last semester of the year).
- New ways of saving with Goparity: soon, we will introduce roundups and automatic income retention to help you save effortlessly;
- We’ll launch pre-defined investment strategies which can then be further customized to your preferences;
- The return of the Christmas gift cards: in a world with scarce resources and excessive consumption, impact investment gift cards are as sustainable a gift as it gets. (keep posted for some novelties 👀)
- Our first solar power project in Spain: you can be part of this growth in one of Europe’s sunniest countries with a booming solar power sector;
We are building Goparity for you. A great part of the new features we will introduce is a result of your feedback. If you would like to test the features before they are launched and to help shape them, apply by clicking the link below and becoming a beta tester.
Apply as tester here!
To wrap up I want to highlight that, in this context of the looming financial crisis, real economy companies that are facing inflation and scarcity and want to lower their environmental footprint and reduce costs, need us more than ever.
Our community is already playing a big part in this. Even in the middle of this summer holiday season, and in a climate of looming financial crisis, August was our second-best month ever with almost 1M€ invested through Goparity 🙌🙌.
Thank you for that 🙏
Sincerely yours,
Nuno Brito Jorge
Founder and CEO
