Equity crowdfunding platform
Seedrs Limited is an onlineequity crowdfunding company, headquartered inEast London's Tech City , founded in 2009[ 1] [ 2] [ 3] crowdfunding companyRepublic .
In 2020, Seedrs announced that 250startups had raised funding through itscrowdfunding platform during 2019.[ 4] [ 5] billion had been invested through the company.[ 6]
The company was founded in 2012 by Jeff Lynn and Carlos Silva as part of anMBA project at theSaïd Business School at theUniversity of Oxford .[ 7]
In March 2012, Seedrs raised $1 million inseed funding from private investors includingventure capital firm Draper Esprit .[ 8]
In May 2012, Seedrs became the first equity crowdfunding platform to receive regulatory approval from theFinancial Conduct Authority .[ 9]
In July 2012, Seedrs launched its platform to the public.[ 8] [ 10]
In November 2013, Seedrs raised £750,000 in funding through its own platform.[ 11]
In June 2015, professional tennis playerAndy Murray joined Seedrs in an advisory role, having previously used the platform as an investor.[ 12] [ 13] [ 14]
In June 2017, Seedrs launched asecondary market , becoming the first equity crowdfunding platform to allow investors to buy and sell shares in unlisted companies.[ 15] [ 16] [ 17]
In August 2017, Jeff Lynn stepped down asCEO to take up a position as Executive Chairman. Former COO Jeff Kelisky was promoted to CEO.[ 18] [ 19]
In August 2017, Seedrs raised £4 million investment forchallenger bank Revolut .[ 20] [ 21]
In October 2017, Seedrs announced it had raised £10 million in funding.[ 22] [ 23]
In December 2018, Seedrs launched a venture capital fund aimed at passive startup investors.[ 24]
In August 2019, Seedrs raised £4.5 million in funding.[ 25]
In 2020, Seedrs andCrowdcube agreed to a merger.[ 26] Competition and Markets Authority raised concerns about the deal.[ 27]
In December 2021, Seedrs announced that it had agreed to be acquired byRepublic , a US-based equity crowdfunding platform, for $100 million.[ 28] [ 29]
^ "Seedrs Limited" .Companies House . Retrieved27 August 2022 .^ Silver, James (7 July 2012)."East London's 20 hottest tech startups" .The Guardian .ISSN 0261-3077 . Retrieved4 June 2020 . ^ "Just some of the investors you'll run into at #TheEuropas, June 13, London" .TechCrunch . 24 May 2017. Retrieved4 June 2020 .^ "Seedrs says amount invested on its platform jumped 49 per cent in 2019" .CityAM . 6 January 2020. Retrieved4 June 2020 .^ "Fintechs help deals on Seedrs jump nearly 50 percent" .AltFi . Retrieved4 June 2020 .^ "Republic – Seedrs Ramp Up Cross-Listed Securities Offerings" .Crowdfund Insider . 16 June 2022. Retrieved27 August 2022 .^ "New Oxford Saïd research to study the economics of equity crowdfunding" .Saïd Business School . Retrieved2 August 2018 .^a b Russell, Jon (6 July 2012)."Seedrs Launches in the UK, Allowing Anyone to Invest in a Startup" .The Next Web . Retrieved4 June 2020 . ^ "FSA warning over crowdfunding sites" .The Independent . 18 August 2012. Retrieved20 August 2012 .^ "Eating Its Own Caviar, UK Equity Crowdfunding Platform Seedrs To Crowd-Raise £500K As It Expands To Europe" .TechCrunch . 25 November 2013. Retrieved4 June 2020 .^ Sparkes, Matthew (25 November 2013)."Crowdfunding start-up Seedrs raises £750,000 through its own website" .ISSN 0307-1235 . Retrieved4 June 2020 . ^ Dann, Kitty (8 June 2015)."Andy Murray joins crowdfunding firm Seedrs" .The Guardian .ISSN 0261-3077 . Retrieved4 June 2020 . ^ Sweney, Mark (19 August 2015)."Andy Murray uses crowdfunding firm to invest in UK startups" .The Guardian .ISSN 0261-3077 . Retrieved4 June 2020 . ^ "No1 Seedr? Andy Murray backs more UK startups" .The Guardian . Press Association. 15 May 2017.ISSN 0261-3077 . Retrieved4 June 2020 .^ "Start-ups might be about to receive a boost after Seedrs announces launch of secondary market" .The Independent . 8 May 2017. Archived fromthe original on 11 May 2017. Retrieved4 June 2020 .^ "Seedrs lifts cap on size of share lots in shakeup of its secondary market" .AltFi . Retrieved4 June 2020 .^ CNBC.com, Neil Ainger; Writer at (8 May 2017)."Seedrs to launch secondary market for crowdfund investors" .CNBC . Retrieved4 June 2020 . {{cite web }}: CS1 maint: multiple names: authors list (link )^ "CEO switch for equity crowdfunder Seedrs" .AltFi . Retrieved4 June 2020 .^ "Jeff Lynn steps down as CEO of Seedrs to become executive chairman" .Startups.co.uk . 31 August 2017. Retrieved4 June 2020 .^ O'Halloran, Barry."Andy Murray among Revolut investors on Seedrs" .The Irish Times . Retrieved4 June 2020 . ^ "Revolut's $5.3 million crowdfunding campaign is oversubscribed" .TechCrunch . 30 July 2017. Retrieved4 June 2020 .^ Bounds, Andy (17 December 2017)."Crowdfunding a mission to save capitalism from itself" FT.com .Archived from the original on 4 March 2023. Retrieved4 June 2020 . ^ "Seedrs valued at £50m after crowdfunding raise" .BusinessCloud.co.uk . 4 October 2017. Retrieved4 June 2020 .^ Evans, Peter."Seedrs serves start-up fund" .The Times ISSN 0140-0460 . Retrieved4 June 2020 . ^ Alois, J. D. (30 August 2019)."Seedrs Confirms £4.5 Million Funding Round, Larger Raise to Follow. Seedrs Users May Gain Access to Round" .Crowdfund Insider . Retrieved4 June 2020 . ^ Butcher, Mike (5 October 2020)."Crowdcube and Seedrs agree to merge, creating a significant private equity marketplace" .TechCrunch . Retrieved8 March 2021 . ^ Lynn, Jeff (25 March 2021)."Seedrs Terminates Merger with Crowdcube, Announces New Funding Round" .Seedrs . Retrieved28 March 2021 . ^ Butcher, Mike (1 December 2021)."Republic acquires the UK's Seedrs in $100M deal to push into Europe" .TechCrunch . Retrieved18 April 2022 . ^ Hurley, James (8 December 2021)."Seedrs sale to Republic a betrayal, say small backers" The Times .Archived from the original on 8 December 2021. Retrieved15 November 2022 .
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