CityFALCON secures £1.7m seed investment on Seedrs to scale operations
The equity campaign attracted participation from eToro, The Holt Xchange, and Terance Butler Holdings.
CityFALCON is a London and Malta based fintech that personalises content feeds from thousands of financial sources using artificial intelligence and big data. Clients access curated content, analytics, and insights through web, mobile, and application programming interfaces.
London and Malta based fintech CityFALCON has raised £1.7m in a seed funding campaign hosted on the Seedrs platform. The raise attracted backing from individual fans, serial entrepreneurs, institutional backers, and eToro, which also utilises the firm's content for its own newsfeed.
The investment also saw participation from The Holt Xchange and Terance Butler Holdings. The company intends to direct the capital towards scaling its operations and accelerating product development.
This latest campaign brings the firm's total number of investors to 2300, with 1200 participants joining during this particular round. The raise exceeded initial expectations despite broader economic uncertainty.
From the founder
"We are grateful and very excited about this round, especially during these volatile and uncertain times. Our users, clients, and investors on Seedrs have been amazingly supportive"
Ruzbeh Bacha
CEO at CityFALCON
Investor perspective
"The democratisation of financial information is the result of a global demand to access better education and deeper financial insights for a broader audience. We have been impressed with the team’s mission at CityFALCON and pleased to further support them in this seed round"
Elisabeth Laett
Managing Partner, The Holt Xchange
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
About the company
CityFALCON
CityFALCON delivers personalised financial content feeds using artificial intelligence and big data.