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Seedrs Update: UK Equity Crowdfunder Raises Over US$100 Million Online Capital In February

Crowdfund Insider | | Mar 10, 2023

Seedrs update Feb 2023 - Seedrs Update:  UK Equity Crowdfunder Raises Over US$100 Million Online Capital In February

Seedrs, a top UK-based investment crowdfunding platform that operates across Europe, is reporting £84 million in investment across all securities offerings during the month of February (so Seedrs could top USD $ 1 billion during 2023)

  • Seedrs noted it booked its 49th exit of a portfolio company as Cushon, a Fintech, was acquired by Natwest Group. Seedrs investors received £7 million in returns, with the earliest investors capturing 5X times the money invested, before tax relief.  Cushon completed multiple funding rounds on Seedrs so later investors received smaller returns.
  • February 2023: Seedrs said that nine “primary campaigns” (or retail offerings) raised £18.5 million from over 3,800 investors.  Seedrs highlighted the following securities offerings during the month including:
    • Tandem, a UK-based regulated digital bank,  raised £8 million in a Private Deal Room offering
    • OddBox, a Foodtech startup, raised £5.9million to fund their mission of having consumers use unwanted produce
    • Fantasy football platform Fantasy Football Hub raised £788,000
    • Fintech The Portfolio Platform secured £ 1.5 million for its tech investment platform
    • Sustainable Venture’s Sustainable Accelerator raised over £ 1.6 million in February. The fund invests in startups tackling climate change.

See:  Equity Crowdfunding Growth: It Took UK Seedrs 8 Years to Raise the First £1Billion and Only 2 Years for the Next Billion

  • Also February:  Seedrs also provided an update on its Secondary Marketplace, which continues to grow.  Seedrs reported that Fintechs and the Food and Drink sector were the most active trading segments. Approximately 306 issuers traded shares representing a 38% increase in sales in comparison to January 2023.

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NCFA Jan 2018 resize - Seedrs Update:  UK Equity Crowdfunder Raises Over US$100 Million Online Capital In FebruaryThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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