Seedrs has closed a £10 million Series A round led by Woodford Patient Capital Trust, valuing the company at a £30 million on a post-money basis. Seedrs, an equity crowdfunding platform, plans to use this money to conduct a marketing tour in the hopes of expanding to other areas of Europe and the UK.
“The market is still early in its development with many challenges to overcome. However, we believe Seedrs have the right blend of talent, vision, experience and rigour to ensure they become the leader in this exciting space. “As a fund we’ve already made a number of investments in alternative finance businesses such as Zopa, Interactive Investor, Borro and BullionVault. Seedrs further strengthens our portfolio in this area and marks us out as one of the UK’s leading fintech funds.” Jeff Lynn, CEO and co-founder of Seedrs, added: “We are absolutely thrilled to have Woodford and Augmentum leading this investment round in Seedrs.