UK equity crowdfunding platform Seedrs continues to grow rapidly and is experiencing a steep rise in investments having funded 24 deals with 45 live offerings currently live on their platform. It was recently announced that Seedrs had powered through the £1 Million Funded mark and now the second quarter appears to be shaping up to be more successful than the first. Over £400,000 has been funded in the last month alone.
The success of early stage companies has been supported by forward thinking legislation that encourages individuals to purchase shares in start ups. Introduced in April 2012, the Seed Enterprise Investment Scheme (SEIS) provides tax reliefs to individual investors who purchase these new shares. SEIS is one of the most generous tax schemes available to UK taxpayers, and no other major country offers such significant reliefs to investors in startups. This has had a direct impact in supporting the growing group of equity crowdfunding platforms in the United Kingdom.
Recent successful equity offerings have included:
- Trustedhousesitters.com raised £77,000 for 5% of its equity. Trustedhousesitters.com is in over 50 countries and solves a common problem for home or pet owners globally when going away by enabling them to find ideal house sitters to look after their home and pets free of charge.
- Maxim Solutions raised £25,000 for 10% of its equity. Maxim Solutions would provide a range of ancillary products for which a market has been identified within corrugated transit packaging.
- Mikes Fancy Cheese The first Northern Irish startup to raise funding through Seedrs, raised £80,000 for 40% of its equity. Mikes Fancy Cheese plans to produce a raw milk, artisanal cheese, in Northern Ireland. The cheese would be from a single herd of award winning friesian holstein cows based in Newtownards. Over 100 investors participated in this deal.
- Specialised Cameras raised £40,000 in exchange for 16% of its equity. Specialised Cameras’s CCTV product would be equipped with on-board solar power and its own on-board mobile internet connection through which it will push images into the cloud. Unlike other cameras, it would be totally independent of plugged power sources.
- Dinnr raised £60,000 in exchange for 12% of its equity. Dinnr lets users select a recipe from their website, then they deliver the right amount of ingredients with cooking instructions on the same day – or users can schedule it for a particular day. Along with Mikes Fancy Cheese, this was our second food-related startup this month.
- Veeqo completed its second Seedrs round for £120,000. Veeqo is a cloud-based app for retail SMEs which would allow them to manage their orders and inventory across all their distribution channels.