Crowdcube and Seedrs have agreed terms for a merger
by Startacus Admin
Huge investment sector news with the announcement that Crowdcube and Seedrs have agreed to join forces to take on the UK’s £12bn equity funding market
.png)
Major news in the investment world today with the announcement that Crowdcube and Seedrs have agreed terms for a merger, in a move that will accelerate their plans to create the world’s largest private equity marketplace and further democratise investment.
The combined company aims to deliver new innovations and products that will make it significantly easier, more affordable and valuable for ambitious businesses to raise growth finance, and investors will have an even greater selection of investment opportunities with richer investment tools.
Darren Westlake, CEO and co-founder of Crowdcube, commented: “Equity crowdfunding has redefined how many ambitious businesses raise investment and engage with their customers. Today’s agreement is an incredibly exciting milestone that will benefit high growth businesses, their investors who believe in their vision and the wider entrepreneurial ecosystem that supports them. Together with Seedrs, we can accelerate plans to further expand in the UK and overseas, launch innovative new products and improve our customers’ experience.”
Jeff Kelisky, CEO of Seedrs, said: “We are both fintech pioneers that have challenged the landscape of capital raising in Europe, building marketplaces for private equity investment. We believe that you need to be a player of greater scale to serve companies and the investors who support them. Now is the right time to bring our strengths together, in order to meet our common mission to deliver a step change in the accessibility and efficiency within private company investing. This will not only create value for ambitious companies and their investors, but also for the economies and communities that they serve. As we look to the future, we’ll be well positioned to build on our combined strengths and create a powerful global private equity marketplace that will transform the ecosystem of equity finance globally.”
The two leading investment platforms play a key role in Europe’s fast growing equity funding ecosystem, both through their success of primary raises through crowdfunding and the scaling of their secondary offerings and wider marketplace initiatives.
Following completion of the merger, the companies will work together to define how the two businesses will combine their teams, customers, brands, services and technologies.
The transaction is subject to approval and is expected to be completed in late 2020 / early 2021.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Women Who Tech launches FemTech and HealthTech Grants Challenge launches to bolster support for innovative global healthcare and digital solutions
The lowdown on Koalaa, the London-based startup that's innovating soft prosthetics for babies, children and adults
Changemakers sought by National enterprise charity, Hatch Enterprise for its three new Impact programmes aimed at entrepreneurs using business as a force for good
Ten innovative startups with the potential to shape the future have been named as finalists in INVENT 2021, Northern Ireland’s challenging competition for early stage businesses
.jpeg)
Kyle Murtagh of Toastmasters International shares insights and tips on providing feedback to your team that is effective, constructive and inspiring too
Enterprise North West and Startacus collaborate with a group of students from NWRC to create Week Gen-C, a part- employability, part-career and part-entrepreneurship focused digital project & channel
.jpeg)
Having a strong team around you is key - these basic tips highlight all the things that you'll need to consider...
Vehicle management platform, Caura raises major seed funding to support its mission of reducing stress and expense of driving in the UK
The lowdown on Peroptyx, the machine learning startup that helps companies refine their AI systems with real-world human insight and feedback
The lowdown on Greenfinity, the smart designer system that lets you grow your favourite herbs and other plants throughout the year
Published on: 5th October 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Youth Entrepreneurship, Employability and Careers Project 21st Jun 2021 Enterprise North West and Startacus collaborate with a group of students from NWRC to create Week Gen-C, a part- employability, part-career and part-entrepreneurship focused digital project & channel
- Caura raises $4.2m seed round 18th Jun 2021 Vehicle management platform, Caura raises major seed funding to support its mission of reducing stress and expense of driving in the UK
- ECOncrete Wins EU H2020 Funding 16th Jun 2021 ECOncrete Wins EU H2020 Funding to Lead the “LIVING PORTS” Project to Deploy Next-Generation Port Infrastructure
- Calling on all 18-30 year-olds in the UK with innovative business ideas 14th Jun 2021 Innovate UK and The Prince’s Trust are seeking 18-30-year-olds with ambitious business ideas that could turn into important innovations
