Fintech startup Hedgehog has raised over £1.56 million on Seedrs.
As was previously reported, Hedgehog was aiming to raise £1 million but has easily topped that amount by over 50%. Hedgehog was offering equity at a pre-money valuation of £20.4 million. The offering was EIS-approved.
Almost 400 investors from 27 different countries have backed the firm. A note from the company indicates that most of the funding has come from individuals working within private markets or with securities experience.
Hedgehog is a digital platform that aims to simplify global investing at a lower cost while leveraging blockchain technology. Users may access partipate in offerings for real estate, alternative energy, and providing fractional investments.
Hedgehog reports that it has secured access to a portfolio of over $1.5 billion based in the US. The company states that these assets have been selected because of their potential to generate stable income.
The company will utilize the additional funding for marketing its services as well as product development and adding more investment opportunities. Hedgehog states that it will incorporate the option to sell tokens (digital assets), while expanding into other regions globally.
Michael Ward, co-founder of Hedgehog said they are delighted with the results of the Seeders securities offering:
“Having been self-funded by our co-founders to-date, we deliberately crowdfunded our first ever round of external funding to build a high calibre shareholder community that understands the problem we are trying to solve.”
The other co-founder Rob Lamb, added:
“Most of the capital raised has come from former industry colleagues of ours that work in key roles in some of the biggest names in the private markets investment world. Our new community of shareholders understands first hand the problem we are trying to solve and has experience and expertise to help us execute the Hedgehog mission. They will be of major value as we seek to lower barriers to entry for more people to access real-world investments, including real estate and renewable energy.”
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