By Oliver Smith on Tuesday 1 October 2019
News comes as Seedrs opens registration for its own crowdfunding round.
An email sent to Seedrs customers yesterday confirmed that the crowdfunding platform is planning to announce its own bumper funding round, now in 2020.
The email contained details for pre-registration in order to “open a portion of this round to members of the Seedrs community”.
“This investment, which is in the form of convertible equity, precedes what is expected to be a substantially larger, priced round next year,” the company wrote yesterday.
Seedrs has previously said it plans to break even at some point in 2020 with profitability to follow in 2021.
“From our proprietary Secondary Market to our pioneering investment automation products, AutoInvest, and the Seedrs EIS100 Fund, to our performance and portfolio data analysis features, we're on a rapid trajectory to providing investors and businesses with a true capital markets experience,” the company writes in its pitch to investors.
A revenue chart on the same page indicates the company has seen a 66% increase in revenue since 2016, from around £1m to a forecasted £5.1m in 2019.
“In true Seedrs spirit, we're inviting investors like you to become shareholders in our business, as we continue on our growth trajectory within the UK market, and throughout Europe.”