Seedrs Raises $15.6M To Launch In US

CrowdFundBeat News Wire

The round is being led by two of Britain’s most prominent and respected institutional investors, Woodford Patient Capital Trust (WPCT) and Augmentum Capital:

unnamed (2)

  • WPCT is the £800 million investment trust managed by Neil Woodford, who is widely considered to be one of the UK’s leading fund managers over the past 25 years.
  • Augmentum Capital is a leading venture capital firm whose current fund is wholly backed by RIT Capital Partners plc, the award-winning FTSE investment trust chaired by Lord Rothschild.


WPCT and Augmentum are investing £7.5 million between them. The other £2.5 million will be made available to current shareholders and new investors through a Seedrs crowdfunding campaign.

Details about the crowdfunding campaign, including information about how existing shareholders can make follow-on investments, will be provided shortly. More information about the fundraising round in general is available on our blog, in the Financial Timesand on TechCrunch.

Equity crowdfunding platform Seedrs has raised a $15.6 million (£10 million) Series A round led by Woodford Patient Capital Trust plc (WPCT) and Augmentum Capital, the money from which will be used to launch in the U.S. market. Seedrs had previously raised $7.2 million from Faber Ventures and it’s own crowdfunding campaign.

Furthermore, Seedrs is to launch a £2.5 million crowd funding campaign to give existing shareholders and new investors the opportunity to participate in the round. The details will be announced later.

Seedrs plans to now expand its marketing efforts in the U.K. and Europe, increase platform development activities and launch its business in the United States.

This fundraising now values Seedrs at £30 million on a fully-diluted, post-money basis. Tim Levene, Managing Partner of Augmentum, is joining the Seedrs board of directors in connection with the round.

In the U.K. Seedrs competes with CrowdCube, which has so far raised $6.5 million from Balderton Capital and Crowd Capital Ventures in a Series B.

Source :

http://techcrunch.com/2015/07/29/equity-crowd-funding-platform-seedrs-raises-15-6m-to-launch-in-us/?utm_source=Seedrs+News&utm_campaign=5017615125-Series+A&utm_medium=email&utm_term=0_16afb22bdd-5017615125-35979213#.fecvhe:jv2G

Tags: , , , , , , , ,

UK CrowdFunding News

This is MoneyCrowdfunding site Seedrs backed by Neil Woodford partners with Chinese venture capitalistsThis is MoneySeedrs, the crowdfunding site backed by star fund manager Neil Woodford, has partnered with China's InteBridge Venture Capital to co-host the UK division »»»

Crowdfund InsiderOFF3R Index: Very Strong Growth for UK P2P Lending in 2016Crowdfund InsiderThe European Parliament announced towards the end of 2016 that the Equity Crowdfunding limit for raises on platforms without an investment prospectus would increase from €5million to »»»

Crowdfund InsiderReport: Crowdfunding Delivers More Cash to Business than UK Startup Loan SchemeCrowdfund InsiderThe Crowd Data Center is out with a report stating that seed crowdfunding is more effective in delivering more money to businesses than the UK government's p »»»

Crowdfunding initiative brought Cup hero Arnold to LincolnEurosport.co.ukLincoln City's Nathan Arnold, hero of their third round FA Cup upset win over former holders Ipswich Town, would not even have been at the National League (fifth-tier) club if it was not for a crow »»»

Startups.co.ukCrowdfunding platform to support outstanding female founders goes liveStartups.co.ukFounded by Love Home Swap founder Debbie Wosskow OBE and CEO of Hearst Magazines UK Anna Jones, AllBright Crowd will help investors discover and back UK female-led businesses an »»»

BBC NewsFunerals paid for by crowdfunding are on the riseBBC NewsA spokesman for the UK Crowdfunding Association said: "What we often see is people raising money for those who would otherwise have a pauper's funeral," he said. "It can also happen where th »»»

Scottish Daily RecordScots couple launch crowdfunding campaign to raise cash for homegrown challenger to Big Six energy companiesScottish Daily RecordDavid and Karin say the idea came to them after they became “fed up” with the Big Six – British Gas, EDF Energy, Npower, EON »»»

Live Crowdfunding .tv

Jeff Lynn CEO & Co-Founder Seedrs The Emerging Financial EcosystemWatch more video library | Conference | Interview | Campaign Showcase | Research | ....MORE VIDEOS

Press Release