Overfunding: Crowdcube Success Pelican Quickly Secures £300,000 Funding Target on Seedrs

Less than a year after successfully securing nearly £1 million through its equity crowdfunding campaign on Crowdcube, social trading app Pelican has launched a new funding round on Seedrs and quickly raised its initial £300,000 funding target. As previously reported, Pelican claims it is the only FCA regulated app in the world where users may trade and chat in one place. This means users get real-time access to trades, idea, and knowledge by connecting with thousands of traders from around the world.

“Pelican’s social DNA and unique features are why brokers from around the world are now interested in partnerships. Initial partners include the world’s number 1 CFD and spread betting platform; IG. CFD trading is the start.”

Pelican also noted that users may trade, chat, learn, all on the company’s mobile app. Pelican claims it empowers traders at every level. Stay in tune with the crowd and hone your strategy. Funds from the Seedrs round will be used to accelerate Pelican’s B2B broker connections, whilst developing further its B2C offering. Pelican added:

“We wish to add Institutional Sales to manage inbound interest from brokers and also find new partners overseas. Management believes that broker demand will likely accelerate as Pelican secures its position as a central network. We will also look to recruit for social media and PR. Broker partners have indicated that they will be running Pelican launch campaigns. We need the necessary in-house expertise to coordinate these.”

The Seedrs round is set to close later this fall.

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