The main two private equity crowdfunding platforms agree to merge and create one of the largest private equity marketplaces. This move makes sense, as both of the companies were in the same field and competing against each other officially since 2011. By merging the assets and knowledge the new venture becoming one of the privately-owned equity crowdfunding with a total merging value of circa £120M.
This move make sens, as both of the companies were at the same field. With merging the assets and knowledge the new venture becoming one of the largest privately owned equity crowd funding with a total value of circa £120M.
This is what leaders of the merging companies released about a new venture:
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.”
Currently we could only forecast,what the future of crowd funding will look like, but for the UK start-ups and VC its a right move to go!
Source: Crowdcube & Seedrs
Let us know, what do you think about a new venture?
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