Seedrs, a London, UK-based equity crowdfunding platform, raised £10M in funding.
In early September, Woodford Investment Management made a £4m investment, followed by over 2,000 investors, who invested the remaining £6m. During a campaign lasting less than five days, nearly £7m was and the company could only accept £6m.
The company intends to use the funds to continue to expand its operations and business reach.
Led by Jeff Lynn, Executive Chairman and Co-Founder, Jeff Kelisky, Chief Executive Officer, and Thomas Davies, Chief Investment Officer, Seedrs provides an equity crowdfunding platform for all types of growth-focused businesses to raise capital by leveraging an online process that protects investors while helping businesses grow.
The company also operates a secondary market where investors can buy and sell shares from each other.
Seedrs Limited is authorized and regulated by the Financial Conduct Authority (No. 550317).