17 August 2017
Find out more

Seedrs extends crowdfunded investment round; raises more than £2m from its own platform

04 December 2013  |  5406 views  |  0 silhouette Crowd

Seedrs has secured more than £2m of investment via its own platform, setting a new world record for the most equity raised via a crowdfunding site.

The London-based startup had originally called for £750,000 of investment in return for 12.66% equity.

The overwhelming response saw Seedrs hit £750,000 by 10:30 am on the day the campaign opened, reach £1 million by that afternoon and secure £1.5m in just two-and-a-half days.

It has now secured over £2.1m - nearly three times the target amount - from over 850 investors, in return for just under a 30% stake in the business.

Jeff Lynn, chief executive and co-founder of Seedrs, says: "We see this as a tremendous validation of equity crowdfunding, our model and our business."

He adds: "The significant additional capital we have secured will help us grow more quickly, and just as importantly, we want to get as many investors as we can - there are no better marketers than people with a vested interest in our success."

Seedrs currently has more than 27,000 registered members on its books, and has now funded £4.5 million across 51 deals in the 17 months since it launched.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Seedrs raises £750,00 from 'meta-listing' on its own platform

Seedrs raises £750,00 from 'meta-listing' on its own platform

25 November 2013  |  3639 views  |  0 comments | 3 linkedin
SEC proposes new crowdfunding rules; FCA begins consultation

SEC proposes new crowdfunding rules; FCA begins consultation

24 October 2013  |  5032 views  |  0 comments | 4 tweets | 3 linkedin
EC explores crowdfunding action

EC explores crowdfunding action

03 October 2013  |  6397 views  |  0 comments | 5 tweets | 3 linkedin
Bank economists warn of disruptive threat from mobile and crowdfunding

Bank economists warn of disruptive threat from mobile and crowdfunding

04 July 2013  |  48592 views  |  0 comments | 70 tweets | 18 linkedin
ING Direct backs Oz crowdfunding platform for social entrepreneurs

ING Direct backs Oz crowdfunding platform for social entrepreneurs

02 May 2013  |  6348 views  |  0 comments | 4 tweets | 2 linkedin
Crowdcube becomes first regulated crowdfunding platform

Crowdcube becomes first regulated crowdfunding platform

04 February 2013  |  9162 views  |  0 comments | 16 tweets | 4 linkedin
Kickstarter comes to the UK

Kickstarter comes to the UK

11 October 2012  |  5667 views  |  0 comments
Australian and UK regulators warn on crowdfunding risks

Australian and UK regulators warn on crowdfunding risks

14 August 2012  |  7554 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10226 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9565 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9392 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8404 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7885 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job