Seedrs campaigns raise more than £84m in February
Seedrs reported that companies raised more than £84m on its equity crowdfunding platform in February, across 11 campaigns.
The investment platform also saw its 49th exit last month, when workplace pension and ISA provide Cushon was acquired by the NatWest Group in a £144m deal.
The acquisition will provide an exit opportunity for Seedrs investors and distribute just under £7m in returns. The platform said Cushon’s earliest investors could see a return of up to five-times their initial investment, before adjustment for tax relief.
Read more: FinTech Alliance partners with Seedrs
Elsewhere, among the platform’s primary raises was fintech firm The Portfolio Platform, which secured £1.5m for its tech investment platform that facilitates shares trading.
The biggest primary raise of the month belonged to digital bank Tandem, which received £8m in funding via a private deal room deal.
Seedrs also offers eligible investors the opportunity to invest in venture capital funds, supporting firms like Passion Capital, JamJar Investment and Augmentum.
In February, the platform’s investors helped Hambro Perks raise its latest £100m fund, while Sustainable Venture’s Sustainable Accelerator raised more than £1.6m in February for its cohort campaign, which invests in UK start-ups tackling climate change.
Read more: CrowdProperty to launch fourth funding round on Seedrs
The Seedrs secondary marketplace was dominated by fintech and food and drink in February. Among the top five selling were Revolut, savings chatbot Plum and Edinburgh-based fintech Paysend.
Health food brand SuperU and farming marketplace Hectare made up the last two of the top five. Overall, the monthly week-long opening saw equity in more than 306 businesses traded, with a 38 per cent growth in sales, compared with January 2023.
Read more: Is fintech losing its lustre for VC investors?