Insurtech Rnwl Inclined to End Securities Offering on Seedrs Early as Investors More than Double Funding Goal

Earlier this week, Gonçalo de Vasconcelos founder and CEO of Rnwl, announced they have decided to close their funding round on Seedrs early having more than surpassed their goal. de Vasconcelos is a veteran Fintech founder having launched the online investment platform SyndicateRoom, several years ago.

 

Rnwl is an Insurtech startup that aims to fix the broken process of purchasing and managing insurance. The process of price comparison and switching when there is a better offer is simplified on the Rnwl platform.

Rnwl’s crowdfunded securities offering initially sought £150,002 for about a 3% stake in the firm.  Today, the offering stands at over £387,000 backed by 412 investors. The equity is being sold at a £6 million pre-money valuation and is EIS eligible. Direct investments are being accepted at a £25K minimum and Rnwl is approved for Seedrs Secondary Market and thus should have a near-term liquidity path.


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