Just a few weeks after launching its eighth equity crowdfunding campaign on Seedrs, Veeqo has surpassed £1.2 million from more than 200 investors. The company launched the initiative earlier this month and within one week secured its initial £1 million funding target.
As previously reported, Veeqo 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. The company has notably integrated with global marketplaces on Amazon, Shopify, and eBay, as well as leading logistic providers Royal Mail, DHL, and DPD. 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.
Recently, Jeff Lynn, CEO and co-founder of Seedrs, stated:
“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.”
Funds from the latest campaign, which is being supported by supported by investors Tom Singh and Daniel McPherson, will be used to grow Veeqo’s team and software development. The company noted this is likely the last funding round through the equity crowdfunding platform as it is planning to search for funds offline next year.
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