SeedBlink, an online capital formation platform that claims to be the “fastest-growing investment platform in technology startups in Europe,” is seeking €3 million in a Series A round to expand services across Europe. SeedBlink said that €500,000 will be offered through equity crowding on their own platform beginning on May 27th, 2021.
SeedBlink reported that the lead investor in the round is a “major VC in the region” and that other institutional investors are participating in the offering. The lead will be announced following due diligence requirements.
SeedBlink is raising equity capital at a pre-money valuation of €12 million.
Launched in 2019, the Bucharest-based platform has raised €15 million since its inception. Created by former bankers Andrei Dudoiu and Ionuț Pătrăhău, last year Radu Georgescu and Carmen Sebe, known tech specialists in Romania, joined as partners. The company states that it participated in 45% of the financing rounds of Romanian startups in 2020.
SeedBlink reports that it has launched 42 funding campaigns in the 18 months since its inception with both individual and VCs participating in the offering. The success rate of the campaigns is said to be 95% with over 5,000 investors from 15 countries.
“By the end of next year, we want to list at least 150 technology startups and have 30,000 individual investors on the platform. Moreover, we aim for revenues exceeding three million euro in 2022”, states Dudoiu, CEO of SeedBlink.
For 2021, SeedBlink management states that it is targeting revenues of over one million euros.
“Until recently, we had positioned ourselves as an equity crowdfunding platform for technology startups, but we have identified several other opportunities. We want individual investors in Europe to benefit from the possibility to fund technological startups together with business angel professionals and venture capital partners. And we want the founders to find resources and mentors in one place. We want to create an innovative investment platform for Europe”, addsDudoiu.
SeedBlink management also aims to provide products and services to a wider audience, by creating a secondary market, developing a network of experts, expanding the methods of interaction between the actors involved through technology, to name but a few.
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