HomeServicesCrowdcube and Seedrs Merges to Create a Much-Effective Private Equity Marketplace

Crowdcube and Seedrs Merges to Create a Much-Effective Private Equity Marketplace

Jumia Black Friday Deals

In the UK, there are two primary crowding-funding platforms – Seedrs and Crowdcube – operating within the country.

Now, rumours have it that the two companies have agreed on a merger, which makes them one of the largest equity marketplaces in the world.

Following the merger, the two firms now values over $140m.

The merger is structured as an acquisition of all the outstanding share capital of Seedrs by Crowdcube. Existing share and option holders in Crowdcube will have 60% of the joint firm.

The 40% left of the merger will be for the existing shareholders and option holders of Seedr.

According to a recent report, the ratio of the merger shows the approximate valuations of both companies based on their latest fundraising rounds.

While Darren Westlake, co-founder and CEO of Crowdcube, would be the execute chairman of the joint entity. Jeff Kelisky, CEO of Seedrs, would become the CEO of the merged companies.

‘’Equity crowdfunding has redefined the way many businesses raise investment and how they relate with their customers. The agreement between Seedrs and Crowdcube is an incredible milestone that will benefit high growth businesses, their investors, and the wider entrepreneurial ecosystem,’’ says Darren Westlake.

‘’With Seedrs, can aim to accelerate plans to expand here and overseas, launch innovations, and improve our customer experience,’’ Westlake added.

The CEO of Seedrs, Jeff Kelisky, said, ‘’Both companies are fintech pioneers that have challenged the landscape of fundraising in Europe. To better serve companies and the investors who support them, we need to be a player of greater scale.’’

‘’The ideal moment to join forces is now. We can accomplish our mission to deliver an effective step-change in the accessibility within private company investing by coming together,’’ Jeff concluded. 

Latest articles

Jeep Wagoneer S: First Global Battery Electric Vehicle (BEV) from Jeep

Jeep has provided more information about its all new, all electric 2024 Wagoneer S....

Insoft unveils Assabil and weSign for Sales Force Automation and Streamlining Digital Workflow

At the GITEX Africa 2024 technology event Groupement Insoft-Saphir Systems, a leading provider of...

Top 10 Highest-Paying Careers Without a College Degree

A college degree is often touted as the key to success, but it's refreshing...

Top 20 Countries with the Least Expensive Freelancers

A study, conducted by invoicing software company Bookipi has unveiled the countries with the...

Will ChatGPT Take My Job? Expert Reveals The Five Professions At Risk

The more capable AI becomes, the more you might begin to worry about a...

Best Valentine’s Day Gifts Ideas

Looking for a great Valentine's Day gift for your loved one? You are in...

Best Web Hosting Services for Small Business in 2024

The online presence of your business is as vital as any physical storefront or...

More like this

Best Valentine’s Day Gifts Ideas

Looking for a great Valentine's Day gift for your loved one? You are in...

NIS to Launch Automation of Passport Application on January 8

The difficulties Nigerians face when applying for international passport might be coming to an...

Big Brother Naija Season 8 starts July 23 with MoniePoint as Headline Sponsor

Multichoice has started teasing the return of its most popular reality TV show, the...