European crowdfunding platform Seedrs is planning to set up shop in Berlin, having already opened offices in Amsterdam and Lisbon within the last year.
The UK company, which allows people to invest as little as £10 in startups in exchange for a piece of equity, said the Berlin office will be responsible for raising awareness in the local startup and early-stage investment ecosystem.
Berlin is widely regarded as one of Europe’s leading tech startup hubs and is therefore an obvious place to expand to for Seedrs. It’s home to startups like SoundCloud and Wunderlist, as well as international outposts for Uber, Twitter, and Microsoft.
The office will also be responsible for bringing deal flow to the Seedrs platform from the DACH region which includes Deutschland, Austria, and Switzerland.
Jeff Lynn, CEO and cofounder of Seedrs, said in a statement: “I am very excited about the launch of our Berlin office, which follows our Amsterdam opening this summer. I have spent a substantial amount of time in the DACH region over the past few years, and I am constantly amazed by how vibrant the early-stage ecosystem is there, not just in Berlin, but across all three countries. I look forward to working with business and others in the region as we build up our presence there.”
Seedrs said it does not expect Brexit to impact its plans in the DACH region or beyond. In a press release, the company said: “Regardless of the final Brexit settlement, Seedrs has always aimed to be a pan-European business, and we will continue to try to build our presence across the continent.”
(Via: Business Insider)