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.