By Georgina McCreadie on Tuesday 25 November 2014
Crowdnetic, a US provider of technology and market data solutions to the crowdfinance industry, has launched on a leading financial media site Digital Look.
This expands Crowdnetic’s offering to London and its new content includes real time information on private UK-based companies that are publically raising capital online through equity crowdfunding.
Julio Bueso, CEO of Web Financial Group (parent company of Digital Look), commented:
“Our partnership with Crowdnetic increases our ability to provide investors with a comprehensive view of information on this rapidly growing asset class. The launch features listings from top securities-based crowdfunding platforms in the UK, including Seedrs, a leading European equity crowdfunding platform.”
“We are excited to be joining Crowdnetic in their goal to provide greater transparency and access to information on crowdfinanced companies. The new data available on Digital Look directly supports Seedrs’ core objectives of transforming the startup world and giving ordinary people the opportunity to invest in emerging companies.”
This is the first time that data about UK companies raising capital will be available to investors. Crowdnetic are utilizing the technology they have developed for the US market and implementing it in the UK. In conjunction with the launch on Digital Look the company has opened a London-based office.
Luan Cox, CEO and Co-founder of Crowdnetic, explains:
“The London office will be our first permanent physical presence outside of the U.S. and as such signifies an important milestone in Crowdnetic’s strategy to expand globally. Europe represents a substantial growth opportunity for crowdfunded securities and marketplace lending, and London is the logical location for Crowdnetic to expand from. There is a proven demand for Crowdnetic’s solutions in Europe, and the launch on Digital Look aids in our goal to bring transparency to the global crowdfinance marketplace.”
This news comes after Crowdnetic launched CWMarketdata in the US last week. The company is committed to increasing transparency within the crowdfunding space – a development that could entice new investors into UK market.