Funding for crowdfunding: Seedrs raises £10 million, Crowdcube raises £6 million

Two UK-based equity crowdfunding platform providers have announced funding this week.

First, Seedrs announced that it had scored £10 million in funding from a VC fund backed by Lord Rothschild and fund manager Neil Woodford, in an effort to expand in the UK and overseas. The fundraising round values Seedrs at £30 million.

Today, its rival Crowdcube announced that it has raised £6 million in a round led by Numis, a UK stockbroker and corporate advisor. Tim Draper and London-based Draper Esprit have also joined this new funding round, alongside prior backers Balderton Capital.

Interestingly, Numis says it will work with Crowdcube and regulators to enable high-growth businesses who are ‘going public’ by listing shares on the London Stock Exchange’s Main Market or AIM, to access individual investors.

Also read:

Europe’s online alternative finance market grew by 144% last year to nearly €3 billion; could top €7 billion in 2015

(Featured image credit: docstockmedia / Shutterstock)

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