Seedrs raises £2.6m in a record-breaking crowdfunding round to support European expansion.
The London-based equity crowdfunding platform secured nearly three and a half times its original target from 909 investors.
Share allotment filed at Companies House
Seedrs operates an equity crowdfunding platform that allows individuals to invest in early-stage startups in exchange for shares.
Equity crowdfunding platform Seedrs has closed a self-hosted funding round, raising £2.6m to drive its expansion into Europe. The company secured nearly three and a half times its initial target from 909 investors, exchanging a 33.3 per cent stake in the business.
The campaign launched in November 2013 and set a global record for investment raised via an equity crowdfunding platform. The raise coincides with the company establishing itself as a fully pan-European crowdfunding service.
Seedrs plans to utilise the capital to support its continental growth. The platform currently has over 30,000 registered members and has backed 60 deals since launching in July 2012.
From the founder
"The response to our campaign was phenomenal. It was overwhelming enough to have reached our investment target in such a short amount of time, but to have achieved almost four-times the investment backing we sought, from our own community and beyond, is astonishing. We see this as a tremendous validation of both our model and our business and we want to thank everyone who has invested for joining us on our journey."
Jeff Lynn
Chief Executive and Co-founder at Seedrs
Use of funds
- 01Expand into international markets