Seedrs opens platform to investors and start-ups from across Europe
Set to raise £500,000 to support expansion as "world’s first" cross-border equity crowdfunding site
London-based equity crowdfunding site Seedrs has today announced that it has opened its platform to entrepreneurs and investors across Europe, becoming the “world’s first” equity platform to operate overseas.
To facilitate the expansion, the crowdfunding platform has unveiled plans to raise £500,000 through its own site in return for a share of 8.81% in the business.
Listed in the 2013 Startups 100 index, Seedrs looks to help early-stage start-ups secure investment and has grown to become one of the “UK’s most active” crowdfunding platforms having funded 48 deals since its launch in July 2012.
With 25,000 members already registered on its site, the “crowd” investment site says its latest development to include European residents will provide UK businesses with access to “millions more” potential investors.
In recent years crowdfunding has become a popular alternative method to raise finance and experts predict the industry will be soon be worth an estimated £185bn.
The news sees Seedrs vying to become the world’s leading equity crowdfunding site against competitor UK platforms such as Crowdcube, which announced plans to take its operations overseas to several countries such as Italy and Brazil just three days ago.
Jeff Lynn, chief executive and co-founder of Seedrs commented: “We’ve grown at a remarkable pace since we began our mission to open up early-stage investing to people who want exposure to asset classes that were previously reserved for the very rich.
“Now we’re providing that same opportunity to many millions more all across Europe – and giving start-ups across the continent access to a new and much wider pool of capital in the process.”
Discussing its campaign to raise funding through its own platform, Lynn added:
“[It] demonstrates our faith in the power of equity crowdfunding and our model.
“We’re asking investors to back an exciting new way for people to take a stake in businesses they think are worthy of supporting – and to share in the upside if our vision of how successful and transformative crowdfunding can be proves correct.”