Crowdfunding start-up Seedrs has raised £750,000 in a single morning as it listed its own business as an investment opportunity on its Website.
The £750,000 windfall, sold in return for a share of a 12.66% stake in the year-old firm, will be used for working capital purposes and to fund its expansion into Europe.
Up to 220 investors pledged funds for a stake in the business, with £100,000 coming from a single user. The round implied a £5 million valuation for the firm which opened for business in July last year.
The company makes money by taking a percentage of funds raised and from profits generated by investors. So far it has successfully funded over 49 start-ups.