ScribeStar raises £1m in a seed follow-on round on Crowdcube to expand its capital markets platform
The digital ecosystem secured £865k through a crowdfunding campaign that surpassed its initial target.
ScribeStar provides a digital ecosystem designed to streamline document production and regulatory filings for capital markets. The platform supports complex transactions for issuers, lawyers, and stock exchanges.
London-based capital markets technology platform ScribeStar has raised £1m in a seed follow-on funding round. The raise was anchored by an £865k campaign on Crowdcube, surpassing the company initial £500k target by nearly 75 per cent.
ScribeStar intends to direct the proceeds towards scaling its presence within the digital document production sector. Additionally, the capital will support efforts to help traditional and blockchain-based stock exchanges digitise non-trading processes associated with fundraising and compliance.
The firm has previously supported nearly 60 equity, debt, and public takeover transactions, collaborating with legal practices including CMS, Taylor Wessing, and Travers Smith.
From the founder
"We are delighted to see so much interest in our platform that we raised almost 75% more than we targeted on Crowdcube. We are very pleased to welcome our new investors and to receive the continued support from our current shareholders. The new funding will enable us to continue expanding our customer base in the UK and other regulated markets. It also allows us to further develop our unique technological advantages that lawyers find so useful in making verification and regulatory filings much more efficient than is possible with current methods. With these advances and the interest we are seeing from stock exchanges, we are moving a step closer to realising our vision of building a single digital ecosystem for capital markets."
Adam Shaw
Executive Chairman at ScribeStar
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
ScribeStar
ScribeStar digitises document production and compliance processes for capital markets.