Late last year, Republic announced its acquisition of Seedrs – a leading UK-based investment crowdfunding platform. Republic paid $100 million to acquire the firm. Seedrs has long operated in both the UK and the European continent providing access to capital for early-stage and later-stage ventures. Due to changes in securities crowdfunding in the EU, Seedrs is well-positioned to expand its operations as issuers are now able to raise up to €5 million across all EU member states.
The combination of Republic and Seedrs, which is yet to close, represents a global vision of online capital formation where promising private corporations can raise capital around the world.
Before Republic purchased Seedrs the company already had a relationship that involved cross-listed securities but now that relationship is ramping up – exemplified by several securities offerings live on the Seedrs site today.
The following offerings are currently live on Seedrs and available on the Republic Deal Room vertical.
- This – A plant-based food for meat-lovers that is said to be the fastest plant-based meat branch in the UK with £17.5 million in annualized revenue and 10,000 retail distribution points.
- Cuvva – An Insurtech that is providing flexible auto insurance reporting over 5 million policies, 650K+ customers & more than 1.1 million vehicles insured
- FY! – A home and living marketplace with sales of over £24 million in 2021.
- Fishbrain – A mobile app, marketplace, and social network for fishing. This one is “coming soon” and not yet live.
The cross-listed securities are a win-win for Seedrs and Republic as issuers gain access to more investors and investors gain access to a more diverse portfolio of securities offerings.
Seedrs reports over £1.9 billion in platform investments while Republic reports just under $1 billion.
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