Seedrs enters new US crowdfunding market

CrowdfundingSeedrs, a crowdfunding platform backed by fund manager Neil Woodford, is to launch in the US after equity crowdfunding was legalised there last week.

Seedrs is the largest equity crowdfunding platform in Europe and says it will commence a beta test of its platform in the US within weeks following Friday’s vote by the US Securities and Exchange Commission (Sec) to implement Title III of the JOBS Act.

The beta test will offer US accredited investors the opportunity to invest in selected campaigns listed on Seedrs, with an official launch expected in early 2016.

Jeff Lynn, the chief executive of Seedrs, says: “I have had the privilege of being involved in the lawmaking process for US crowdfunding ever since the JOBS Act was introduced in 2011, and I am very pleased to see that the Sec has finally adopted rules implementing Title III.

“We believe this heralds the emergence of equity crowdfunding as a vibrant form of finance in the United States -- just as it has become in the UK and Europe -- and Seedrs is perfectly positioned to take advantage of the sector’s growth.”

Last year, Seedrs acquired California-based crowdfunding platform, Junction Investments.

‘Star’ fund manager Woodford announced he’d bought a stake in Seedrs back in July.

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