Jeff Kelisky & Kendrick Nguyen/Seedrs.
Republic completes $100m acquisition of Seedrs for European expansion
Seedrs will act as the European investing arm of Republic’s new global retail investing organisation.
US private investment firm Republic has completed its $100m acquisition of UK crowdfunding investment platform Seedrs.
Republic first announced the acquisition agreement last December, in an effort to expand the company’s European footprint.
Seedrs now forms the European arm of the newly-explanded global retail division of Republic, increasing investment opportunities for the combined 2.5 million users and 1,370 active portfolio customers.
Current Seedrs CEO Jeff Kelisky wil lead the global retail division, with an expected 600 deals and $300m in net investment expected to go through the platform in 2022.
“We have built a really great business, driven by a mission to disrupt the world of private investing and become a global leader,” Kelisky said.
“This deal is a natural extension of our relationship with Republic - a coming together of two pioneers with a shared vision and purpose. Together we are now the first truly global platform for private equity investing with the drive, capital, and capabilities to shape the future of the industry.”
The acquisition will help with Republic’s aim of expanding across Europe, with Seedrs having facilitated £2bn of investment and managed more than 1,700 successful campaigns.
“Seedrs has long been a force in Europe within equity crowdfunding and private investing,” Republic founder and CEO Kendrick Nguyen said.
“By bringing Seedrs into Republic we gain, not just further geographical expansion, but also the team’s talent, technology and knowledge. This will help strengthen our position as a global leader and better serve the founders and businesses and the investors that support them.”
Seedrs also recently launched a European HQ in Dublin to accelerate growth, with a number of new senior leads coming on board in addition to new hires in Lisbon, Madrid, Amsterdam, Stockholm and Copenhagen.