Money Makers Mentor

Equity Crowdfunding Platforms Crowdcube and Seedrs Agree to Merge

Crowdcube Capital Ltd (Crowdcube) and Seedrs Limited (Seedrs), two of the leading equity crowdfunding platforms in the UK, announced that they have agreed to merge. This has resulted in the creation of one of the largest private equity crowdfunding marketplaces in the world. The value of the merger will be around £140 million ($181.4 million).

In terms of the structure of the deal, Crowdcube will acquire all outstanding share capital of Seedrs. Crowdcube’s existing shareholders will own 60% of the combined company while Seedrs’ investors will own 40%. The company has confirmed that Seedrs CEO Jeff Kelisky will serve as CEO of the combined company. Crowdcube CEO and co-founder Darren Westlake will take on the role of executive chairman.

In 2009, Jeff Lynn and Carlos Silva founded Se…

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