Investment crowdfunding platform SyndicateRoom is preparing to close its self-crowdfunding round tomorrow (May 22nd). The offer was launched earlier this month seeking £2.3 million in growth capital. The intended use of the proceeds are for business expansion as it readies to deliver its brand of internet finance to a wider audience. SyndicateRoom also wants to double its employee numbers, currently at 22, over the next six months. The company has raised over £52 million for 71 UK businesses since it registered as a funding portal.
As of today, the SyndicateRoom offer stands over-subscribed at just over £3 million as more than 270 investors have joined in to fund the fast growing and diversifying company. Chris Hutchinson, a Senior Fund Manager at Unicorn AIM VCT, invested a million pounds calling it an “exciting time in the company’s growth trajectory.” The lead investor, Jonathan Milner, added £300,000 to the company.
SyndicateRoom is dedicated to an investor driven model. Every offer listed on the site is paired with a professional investor – something that one academic described as a best practice for the crowdfunding industry. SyndicateRoom recently announced being approved as an Alternative Investment Fund Manager – positioning their platform for pan-European access. The company has also registered as a member of the LSE.
The UK is the most robust investment crowdfunding ecosystem in the world today. It is no longer just about early stage companies and SyndicateRoom is one of the most prominent platforms leading the way.
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