It’s a two-way street for equity crowdfunding platform Seedrs and early-stage investor and innovation lab specialist L Marks.
Announced today, Seedrs will be partnering with L Marks to support the innovator’s network of early-stage businesses via its crowdfunding services, in return for L Marks co-investing into businesses on the Seedrs platform.
L Marks, which heads up several innovation labs across the country, builds relationships between large corporates seeking to innovate and young companies with disruptive technologies, products and services. The advisory firm has invested in 30 start-ups to date, and worked with over 140 companies as part of its start-up partnership programmes.
The platforms have said that the partnership will see L Marks and Seedrs support more start-ups on their funding journeys through a co-investment offering, in addition to providing companies with mentorship and commercial opportunities.
“We are delighted to be partnering with L Marks,” said Julien Tubbs, partnerships manager at Seedrs. “As fellow specialists in early-stage investment, L Marks is a natural fit for us and we are very much looking forward to what the partnership will bring to early-stage businesses looking to raise capital via equity crowdfunding on Seedrs.”
To date, Seedrs claims to have funded 610 deals and seen over £360m invested on the platform. Banking challenger Revolut recently raised £4m of that number, in a fundraising effort that saw more than £17m pledged by over 40,000 individual investors on Seedrs before the campaign even went live.
Matteo Scarabelli, Head of Investment at L Marks, added: “There’s a clear synergy between the kinds of support that we offer start-ups so it feels right for L Marks to be partnering with Seedrs. We’re really excited to work together and continue to promote investment in early-stage companies and I look forward to seeing how this collaboration will benefit our network.”
*Update: Speaking to AltFi, Seedrs confirmed that as L Marks will be co-investing alongside the crowd in funding rounds, it will receive the same class of shares and rights as any individual investors taking part. More information on Seedrs’ upcoming co-investment programme is expected to be made available in the coming weeks.
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.