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Trillion Fund, crowd-funding website backed by fashion designer Vivienne Westwood set to join forces with rival Buzzbnk

posted Jul 21, 2014, 12:07 AM by Siamak Ebarhimi

A green crowd-funding website backed by designer Vivienne Westwood is to merge with a charity-backed fundraising site.

Westwood’s Trillion Fund will join forces with Buzzbnk in a deal set to be announced tomorrow.crowdfunding marketing

The terms of the merger will not be disclosed, but it is understood Trillion Fund’s backers will have a majority stake in the new venture.

The merger is set to be the first of many involving crowdfunders. Dozens were set up last year and the sector is consolidating.crowdfunding advertising

Crowdfunding is a way of raising cash for businesses, charitable or other ventures by mobilising an army of investors, who often each put in only small sums.indiegogo marketing

Julia Groves, boss of Trillion Fund, will lead the new venture. Buzzbnk specialises in funding firms or charities that deliver social and environmental benefits.kickstarter marketing

Trillion Fund raises cash for renewable energy projects.

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By David Khorram