Seedrs invites customers to invest in its expansion
UK equity crowdfunding platform Seedrs has announced plans to raise &pound;10mn in a Series A funding round. Institutional investors are expected to provide &pound;7.5mn, with an additional &pound;2.5mn being raised via a campaign on its own platform. It plans to use the money to expand its marketing efforts in the UK, where it added tennis star, Andy Murray to its Advisory Board this year, and in the US, where recent regulation has enabled equity crowdfunding from retail investors.
UK equity Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term platform provider, Seedrs, has announced that it is raising £10 million in a Series A Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. Like other crowdfunding providers, Seedrs will be using its own platform to assist in raising capital.

Of the planned £10 million, £7.5 million is through institutional investors in a round led by Woodford Patient Capital Trust (WPCT) and Augmentum Capital. According to Seedrs, the funding will be valuing its firm at £30 million. In addition to the institutional investors, Seedrs is opening up the round to its platform's customers, with £2.5 million being raised on a campaign on the platform.

According to Seedrs, the funds will be used to expand its marketing in the US and UK. As part of its marketing efforts, the firm added UK tennis star Andy Murray to its Advisory Board in June. In addition, Seedrs stated that funds will be allocated towards its US expansion. The timing coincides with Regulation A+ of the JOBS Act going into effect in June, which has enabled equity crowdfunding from retail investors in the US.

Jeff Lynn, CEO and Co-Founder of Seedrs, stated regarding the funding, “We are absolutely thrilled to have Woodford and Augmentum leading this investment round in Seedrs. The capital we are raising will allow us to deliver our next stage of growth in the UK, Europe and the United States. As importantly, though, is the signal this investment sends to the market. The greatest fund manager of our time and the greatest financial family in history have looked at the equity crowdfunding space, decided that there is a huge opportunity to be won, and decided that Seedrs is the one that’s going to win it. We are honoured to have both investors on board, we look forward to working with them as we continue to grow.”