Neil Woodford invests another £4m in Seedrs

Neil Woodford, who according to Daily Mail‘s This is Money turned to crowdfunding after Provident disaster, poured additional £4 million in Seedrs.

The investment, made through Woodford Investment Management, brings his total funding for the platform to £10 million following a £6 million cash injection back in 2015.

London City A.M. reports that

The startup is now valued at £40 million on a fully-diluted pre-money basis, which represents a 27.2 per cent increase in share price from Seedrs’ last fundraising in 2015 and a 135.9 per cent increase in share price from its late 2013 funding round.

Altfi.com points out that:

In addition to the investment from Woodford, Seedrs will conduct a crowdfunding campaign to give existing shareholders and new investors the opportunity to participate. Details of the crowdfunding campaign will be announced shortly.

Seedrs recently appointed CEO Jeff Kelisky said to Crowdfund Insider:

The capital we are raising will allow us to deliver our next stage of growth. Equally important to everyone at Seedrs was gaining agreement that we could open up an amount for the crowd. We already have nearly 1000 crowd investors following raises in 2013 and 2015 and many investors were disappointed to miss out on our last round.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s