Seedrs campaigns raise more than £84m in February
Summary
Seedrs reported that companies raised more than \xa384m on its equity crowdfunding platform in February, across 11 campaigns.The investment platform also saw its 49th exit last month, when workplace pension and ISA provide Cushon was acquired by the NatWest Group in a \xa3144m deal.The acquisition will provide an exit opportunity for Seedrs investors and distribute just under \xa37m in returns. The platform said Cushons earliest investors could see a return of up to five-times their initial investment, before adjustment for tax relief.Elsewhere, among the platforms primary raises was fintech firm The Portfolio Platform, which secured \xa31.5m for its tech investment platform that facilitates shares trading.The biggest primary raise of the month belonged to digital bank Tandem, which received \xa38m in funding via a private deal room deal.Seedrs also offers eligible investors the opportunity to invest in venture capital funds, supporting firms like Passion Capital, JamJar Investment and Augmentum.In February, the platforms investors helped Hambro Perks raise its latest \xa3100m fund, while Sustainable Ventures Sustainable Accelerator raised more than \xa31.6m in February for its cohort campaign, which invests in UK start-ups tackling climate change.Read more: CrowdProperty to launch fourth funding round on SeedrsThe Seedrs secondary marketplace was dominated by fintech and food and drink in February. Among the top five selling were Revolut, savings chatbot Plum and Edinburgh-based fintech Paysend.Health food brand SuperU and farming marketplace Hectare made up the last two of the top five. Overall, the monthly week-long opening saw equity in more than 306 businesses traded, with a 38 per cent growth in sales, compared with January 2023.Read more: Is fintech losing its lustre for VC investors?
Funding
Review available funding amount, funding date, investors, and linked company information related to Seedrs campaigns raise more than £84m in February in the interactive ISVWorld profile.