British crowdfunding investment platform Seedrs has made a splash by announcing that they have closed a Series A, valued at 10 million pounds, with participation from Woodford Patient Capital Trust plc and Augmentum Capital. Augmentum Capital managing partner Tim Levine will join the Seedrs board as part of the deal. According to Crunchbase, this last round brings the total amount raised by Seedrs since it was founded in 2009 to 22.8 million pounds.
The deal, which values Seedrs at 30 million pounds, is intended to offer the startup the capital needed to significantly step up their marketing activities in the United Kingdom and continental Europe and to step up the development of their platform. They also state that they are ready to jump across the Atlantic, following their acquisition of American startup Junction Investments.
It has been a big year for Seedrs, as they revealed in June that they had entered into a strategic partnership with Andy Murray, which provided the tennis star with a seat on the startup’s board of directors. It was revealed that Murray will “offer strategic input to the startup’s management team”, but not offer investment advice to Seedrs users. He will take advantage of the platform in order to invest in Seedrs projects, however, as he has apparently taken a keen interest in the tech sector.