The self-crowdfunding round on Seedrs was originally pegged to raise £500,000. As the announcement was promoted to registered investors on the platform it was clear that interest was high so the amount offered was bumped up to £750,000. Now after less than a week of offering equity in their own platform Seedrs stands over 200% past the goal having raised over £1.7 Milllion as of today. The equity amount now stands over 25% where the company founders originally intended to offer 12.66%. This equity crowdfunding round is the largest offer ever to have been raised on the nascent platform – and if it continues it may best the largest amount raised on their main competitors site Crowdcube. Earlier this year Hab Housing raised over £1.9 Million on the Crowdcube platform.
Seedrs not only wants to democratize investments in early stage companies they want to provide the infrastructure for anyone who wants to fund startups. From the very small investor to large angel investor groups the platform seeks to apply technology to a traditional process which is in dire need of innovation. By aggregating many different deals across many sectors and different countries, Seedrs may apply their process to capture scale in the many transactions.
The company recently announced plans to expand across all of Europe which includes 32 countries. To avoid national regulatory challenges Seedrs will aid in setting up UK based holding companies for the listing companies on their site so the transactions will still be held in UK based shares. Seedrs has also indicated they are interested in extending their platform to Asia and South America but they have not announced official plans to date.
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