Crowdcube has revealed a partnership with Legaltech firm SeedLegals. The goal is to speed up the fundraising process the utilizing technology. Crowdcube is expected to integrate the SeedLegals services directly into its platform in the coming months. This will also include applying for EIS/SEIS qualification, an important quality for a funding round.
It is a fact that technology continues to streamline online capital formation – something that benefits issuers, investors and platforms.
In a blog post, Crowdcube outlined the benefits for issuers selling s securities on their platform, as SeedLegals may:
- Help Find investors
- Combine public retail offers with the tools to facilitate private investments from exempt investors
- Complete fundraising legals quickly and cost-effectively
- Raise ahead of a round and top up an existing round
- ‘Roll up’ multiple investors into a single line on the cap table
Crowdcube co-CEO Matt Cooper said the combined expertise will improve both primary and secondary investment rounds via their “proprietary shareholder management tool.”
Anthony Rose, CEO and co-founder of SeedLegals, said they have seen a clear trend where issuers want to mix and match VC, Angel as well as retail investments.
“We’re excited to combine SeedLegals’ legal platform with Crowdcube’s fundraising expertise to turn that into a connected experience. The partnership reflects our shared goals of simplifying fundraising and empowering entrepreneurs and investors.”
Bill Simmons, Crowdcube’s other CEO described SeedLegals as the perfect partner.
Since its inception, Crowdcube has enabled over £1.2 billion in online capital formation for more than 1300 firms. Over £1.2 billion has also been raised utilizing SeedLegals.