Less than a week after launching its latest equity crowdfunding campaign on Seedrs, Veeqo has successfully secured its initial £1 million funding target. The company first listed its seed funding round on Seedrs back in 2013, and since then the funding platform has continued to support the company throughout the past three years. It previously had seven successful crowdfunding offers.
The company helps online retailers increase their profit by selling on multiple channels and by managing their inventory, orders, and shipping across a single, cloud-based platform. Veeqo has integrated with global marketplaces on Amazon, Shopify, and eBay, as well as leading logistic providers Royal Mail, DHL, and DPD. Jeff Lynn, CEO and co-founder of Seedrs, revealed recently:
“Veeqo is one of the great emergent tech businesses in South Wales, and it is fast becoming a true British success story. Matt and his team came to Seedrs in the very earliest days of the company, and I am so thrilled that we have the opportunity to be part of their journey. In my mind, Veeqo is a great example of why equity crowdfunding is instrumentally important to the future of the early stage investment and why sophisticated investors should seriously look to add this asset class to their broader investment portfolio.”
Veeqo’s latest offer on Seedrs is being supported by investors Tom Singh, the founder of New Look, along with entrepreneur and business angel Daniel McPherson. The company stated this is likely its last funding round on Seedrs as it is looking to raise funds offline in 2017. Warren noted that the funds from the new offer will be used to grow the team (now at 30) and improve the software. Veeqo is also planning to hire an additional 120 worldwide employees over the next three years on their planned march to a billion pound valuation.
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