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.
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.