PE Tech Report


Like this article?

Sign up to our free newsletter

Welsh businesses to raise more than GBP1 million through Seedrs

Hokkei, a new Cardiff based restaurant launched by two MasterChef finalists Dale Williams and Larkin Cen, is looking to raise GBP275,000 through the Seedrs equity crowdfunding platform.

Williams and Cen are looking to share 25 per cent of the business which aims to flip Chinese takeaway food on its head and remove the stigma attached to takeaways being unhealthy and unadventurous.
The campaign, which is already live on Seedrs has drawn the attention of more than 160 investors including Go Compare co-founder, Hayley Parsons, who has invested GBP50,000 of her own money for around 4.5 per cent of the business.
With GBP225,000 already committed to the campaign, Seedrs is on course to smash through the GBP1 million milestone. Indeed upon completion of this round the total amount invested in Cymru based businesses through the Seedrs platform will be more than GBP1 million after six successful fundraising rounds. This includes Veeqo, a Swansea based tech startup, which previously raised GBP700,000 through the crowdfunding platform including investment from New Look founder, Tom Singh.
Additionally, Fuzmo, an image sharing service aimed at animal lovers, initially turned down an offer on BBC’s Dragon’s Den and instead raised investment through Seedrs.
Jeff Lynn, CEO at Seedrs, says: “We’re proud to be on the cusp of raising GBP1 million for Wales based businesses. Wales has become a hotbed for innovative start-ups and these businesses have selected Seedrs to raise investment because of our ‘equity crowdfunding done properly’ approach.
“We’re hoping to use this milestone, and our new relationship with Impact Innovations, as a launch pad to raise more capital for Welsh businesses and believe that equity crowdfunding can help these companies to fulfil their growth ambitions.”
The UK alternative finance market is predicted to grow to GBP4.4 billion in 20151 up from GBP1.7 billion in 2014 as businesses increasingly look to source more efficient ways to raise capital. 
Between 2012 and 2014 the equity crowdfunding sector alone grew by 410%.  Against this backdrop, in the past three years Seedrs has become the most successful equity crowdfunder in Europe, funding 110 deals in 2014.

Like this article? Sign up to our free newsletter