Seedrs operates an online equity crowdfunding platform offering primary and secondary capital-raising and investor access. After the proposed merger with Crowdcube collapsed following a provisional CMA finding, the company says it is "back to business" and trading strongly. Seedrs has secured new financing in the form of a convertible loan note to drive growth as a standalone business and has launched an internal strategic review of potential products and features. Financially, Seedrs reported £5.3 million in revenue for 2020 (up 24% year-over-year) and reduced its operating loss from £5.1 million to £4.1 million. The company expects about £2 million in sales for Q1 2021, holds a little over £3 million in the bank, and says it is "just a whisker away" from profitability. Seedrs operates an online equity crowdfunding platform that enables investors to back private companies. The company recently raised £4 million from Woodford Investment Management, adding to a prior £6 million from the same investor. Seedrs has opened a concurrent crowdfunding campaign for new and existing investors to participate in the round. Management said the new funds will be used to develop more products for the platform. The company is reportedly valued at £40 million. There was a leadership change: founder Jeff Lynn stepped down as CEO to become executive chairman and COO Jeff Kelisky became CEO. Seedrs is an equity crowdfunding platform. It raised a $15.6 million Series A to fund expansion, including launching in the U.S. The company plans to expand marketing efforts in the U.K. and Europe and increase platform development activities. Seedrs also intends to launch a £2.5 million crowdfunding campaign to allow existing shareholders and new investors to participate; details will be announced later. The Series A values Seedrs at £30 million on a fully-diluted, post-money basis and Tim Levene of Augmentum is joining the board. Prior financing includes $7.2 million from Faber Ventures and Seedrs' own crowdfunding campaign. Seedrs operates a fully regulated equity crowdfunding platform that allows investors to back startups across Europe. Launched in July 2012 by CEO Jeff Lynn, the company is authorized and regulated by the UK Financial Conduct Authority. To date Seedrs has supported the pitches of 58 startups, which have raised more than £5.6m ($9.1m) through the platform. The company recently used its own platform to secure £2.58m ($3.5m) of its own capital. The article reports a new investment from AFT Holdings; the transaction amount was not disclosed. No additional future plans or financial details are provided in the article. Seedrs operates an equity crowdfunding marketplace that lets entrepreneurs pitch for seed capital in return for giving investors an equity stake. The platform has more than 25,000 registered members who can back businesses with investments from as little as £10. Since launching 16 months ago it has funded 48 deals and averaged three deals per month, and reports annual growth of more than 600%. Seedrs was the first equity crowdfunding platform to receive regulatory approval from the UK Financial Conduct Authority. The company is now expanding across Europe to open its platform beyond UK residents. Jeff Lynn, CEO and co‑founder, said the expansion will provide startups across the continent access to a wider pool of capital.

Total raised

$37M

Funding rounds

7

Latest round

Convertible Note

Latest activity

Mar 2021