Success: Veeqo Closes Eighth Seedrs Initiative With Over £1.2M in Funds

UK-based software company Veeqo recently closed its eighth successful equity crowdfunding campaign on Seedrs. The company secured £1,227,995 during the latest funding round.

veeqo-on-seedrsVeeqo stated it 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. Since its launch, the company has integrated with global marketplaces on Amazon, Shopify, and eBay, as well as leading logistic providers Royal Mail, DHL, and DPD. Speaking  about Veeqo, CEO and co-founder of Seedrs, Jeff Lynn, revealed:

“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.”

Investor of Veeqo, Tom Singh, who also supported the campaign, explained:

“I have been an investor in Veeqo since its inception in 2014. They have delivered phenomenal growth over the past two years and they have a very strong business. I see Veeqo aiming for a billion pounds exit in a few years.”

The company recently stated that while it has achieved so much funding through the crowdfunding method, the latest campaign will likely be its last, for it plans to seek funds offline later this year. Funds from the initiative will be used for product development, strength its presence in the UK, and continue its U.S. expansion.


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