Growth for early-stage platform
Murray-backed Seedrs hits £100m crowdfund target
Seedrs, the equity crowdfunding platform backed by tennis star Andy Murray, has revealed that more than £100 million has been invested on its platform in early-stage and growth focused businesses since it launched in July 2012.
It follows another record-breaking 2015, in which Seedrs saw more than 38,000 investments made on its platform.
A new report, Review of investment in UK start-ups and scale-ups in 2015, released by research firm Beauhurst, shows that equity crowdfunding continues to dominate early-stage investment, with Seedrs taking pole position in the space.
Seedrs is ranked number one in various categories of investment, including being the top seed-stage equity investor in the UK, and it has established “a strong lead” in investment activity for businesses in the technology and the business & professional services sectors.
In some cases Seedrs has experienced more than double the activity of its nearest competitor, according to Beauhurst.
Standout funding rounds on Seedrs in 2015 included, healthy eating high street brand, Tossed, which raised £1.34 million from 661 investors – including Andy Murray – and cloud accounting software, FreeAgent, which raised £1.21m from more than 700 investors.
Murray announced a strategic partnership with Seedrs last June when he joined the advisory board and said he would invest some of his £30m personal fortune in start-ups.
He is offering advice to the firm on businesses working in the areas of health, sport and wearable technology.
In August he invested in London-based, healthier eating chain Tossed.
He is also backing Trillenium, a builder of 3D virtual reality shops, which has been supported by UK online retailer ASOS.
A third investment is the Fuel Ventures Fund, founded by award-winning entrepreneur Mark Pearson of myvouchercodes.co.uk.
Seedrs has funded more than 320 deals since launch, and it is growing quickly. The last three months alone have seen more than £18m invested on the Seedrs platform.
It has also become the UK equity crowdfunding platform with the most users. Based on Alexa rankings, which measures website visitors over a rolling three-month period, Seedrs now has significantly more people using its site than any other UK equity crowdfunding platform.
Jeff Lynn, CEO & co-founder, Seedrs said: “As the first regulated equity crowdfunding platform in the world, Seedrs has always focused on doing equity crowdfunding the right way.”