SeedBlink buys investment crowdfunding platform Symbid to focus on Western Europe

Bucharest-based co-investment platform in tech startups, SeedBlink has acquired Dutch investment crowdfunding platform Symbid. The deal will speed up SeedBlink’s reach by growing its venture partners’ business in Western Europe as it gears up to consolidate and build the equity investment infrastructure for European tech companies at all stages. 

With the new addition, both platforms have contributed over €110 million in investments in 250 startups, with a combined network of 62,000 individual investors. The new buy expands the Romania-based investor’s pool by increasing the high-net-worth individuals’ community.

Launched in early 2020, SeedBlink has already mobilised over €75 million in startup investing, attracted over 12,000 individual investors from 60 countries and has a portfolio of 62 funded European companies. SeedBlink users have participated as co-investors in startups, including FlowX, Dronamics, Hunch and Druid.

Ionuț Pătrăhău, managing director and corporate development at SeedBlink said: “It is a natural move as we look towards European consolidation. Combining the two companies will support portfolio diversification and investment infrastructure, putting together both east and west advantages. Benelux is on everyone's mind as it remains a strong tech region in Europe thanks to the presence of top tech cities, wealthy countries, a strong government presence, and a well-connected and educated workforce.”

Founded in 2011, Symbid has built a community of 50,000 investors in startups mainly from the Benelux. In its first 10 years of operation, it has facilitated investments totaling €35 million for more than 180 startups with equity and convertible notes, 67 of which were from the technology sector.

Robin Slakhorst, founder of Symbid added: “The combined forces will help us lead the entrepreneurial ecosystem, by offering a unique digital financing infrastructure, a secondary market, and a fast network of professional investors co-investing with individuals throughout Europe.”