The crowdfunding site said investment jumped 60 per cent to £195m last year countering bleak global equity trends
Crowdfunding site Seedrs reported a record year as investment jump 60 per cent to £195m, defying worldwide investor gloom.
The pan-European platform hosted 186 successful pitches and in total saw investors from 60 countries make over 72,500 investments in 2018.
The business, which launched in 2012, said 28 fundraisings topped £1m, with highlights including international money transfer platform Transfergo, which raised €11.3m and German automotive firm Sono Motors, which pulled in €6.1m from investors.
Last July, the platform launched auto-investment tool, AutoInvest, which allows investors to automatically fund companies through the platform, according to such criteria as sector, geography or stage of business.
Seedrs chief executive Jeff Kelisky said: "The past twelve months have been sensational for Seedrs. We’ve seen record levels of investment on the platform, while increasing our momentum in delivering real product and service innovation to the market.”
By contrast, stock markets around the world were hit as Brexit uncertainty and the trade war between the US and Chin spooked investors.
The UK’s FTSE 100 tumbled by 12.5 per cent during 2018, its biggest annual decline in a decade, the Dow Jones in the US closed down 5.6 per cent compared to a year ago, while the MSCI All-Country World Index slumped by 11 per cent, its biggest annual fall since the 2008 financial crisis.
Join AltFi at their fourth annual Australasia Summit to examine the future of lending in Australia. Where we present best practices across, technology, partnerships, open banking, governance, data access, consumer experience, capital markets & funding, the role of government and regulation.