Abundance, a crowdfunding platform that allows investors the opportunity to earn money while making the world a better place, has hit their £1.2 million goal on Seedrs. Abundance launched their equity offering for a 6.76 stake in the firm in October. Abundance reported that pre-registered investors had already committed to 50% of the target within seven days of the launch. Currently, a total of 737 new investors have purchased shares in the firm at a pre-money valuation of £16.6 million.
Abundance launched their first investment in 2012, allowing anyone to invest in renewable energy projects. Since that time, Abundance has funded 34 investments raising over £75 million while returning £12.1 million to investors.
Abundance is a debt based securities platform which tells investors they should be prepared to hold the investments for their full term – which could be 20 years. But the investment platform has added a secondary marketplace for investors to trade their securities. While still small, more than £2.1 million in securities have traded on the marketplace to date. Abundance expects activity to increase as time goes on – providing an exit opportunity for investors who decide they do not want to hold their investment for the full term.
Abundance, one of a few platforms that operates a secondary market, recently commented the feature:
“The long-term benefits of an active marketplace are clear for both buyers and sellers, especially when there is as much transparency around information, market, and returns as we give to our customers. Our products are designed to work with your financial goals and with this in mind, the Abundance marketplace is an important feature of our platform.”
The equity offering is still live on Seedrs and is EIS eligible.
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