Investments on crowd-funding platform Seedrs grow by 50%

David Prior's picture

The amount invested in pitches on crowd-funding platform Seedrs grew by almost 50% last year to £238m.

The company said it completed a total of 250 deals during the year - 51% of which were over £1m in value - compared to 186 in 2018.

Highlights included Scottish fintech Paysend raising £10.7m in Series B funding, Danish company LuggageHero completing a 1.5m-euro round and AFC Wimbledon raising £2.4m from over 5,000 investors.

Jeff Kelisky, CEO at Seedrs, said: “It’s been an outstanding 12 months for the business. I’m excited to share our 2019 in numbers, announcing record levels of investment which demonstrate tremendous growth while continuing to deliver true pioneering achievements over the course of last year.

"Our vision has always been to create a marketplace for all investors in private companies, and 2019 has been a real step-change for us as we move towards that."

Kelisky told City AM that the company is aiming to raise around £20m through a Series B funding round, with the money used to expand in the EU and invest in further products.