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Peer2Peer Finance News | June 25, 2019

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Abundance set for Seedrs fundraising round

Abundance set for Seedrs fundraising round
Tim Evershed

ETHICAL investment platform Abundance is preparing to launch an equity crowdfunding campaign for the first time and has opened up pre-registration for investors.

The fundraising round, which will take place on Seedrs, goes live for anyone who has pre-registered on Wednesday next week.

More than 800 Abundance customers have pre-registered already, a spokesperson told Peer2Peer Finance News. 

The raise will go live on Seedrs to the wider public the following week.

This is the first time Abundance has raised money from anyone other than the 75 angel investors who have backed the platform to date.

“Abundance has raised more than £75m for 34 UK businesses and projects with the support of 75 angel investors,” said Bruce Davis, co-founder and managing director of Abundance.

Read more: Ofgem rejection leaves Abundance debenture in limbo

“We now want to scale up our successful model with the backing of our customers, many of whom have already registered their interest in the equity raise via the Seedrs platform.

“Exact numbers for the raise will be released to those who expressed an interest first on Green Finance Day (17 October) in Green Great Britain Week.

“The money will be used in part to grow our projects team to expand the sectors we support, beyond green including social housing and public infrastructure.

“It will also be used to add weight and reach to our advertising campaigns which in the past have generated real impact in the marketplace pioneering the idea that investing for profit and purpose are not mutually exclusive goals.”

Abundance joins a number of other P2P platforms including LandlordInvest, Crowdstacker and Landbay who have also launched equity crowdfunding campaigns this year.

Read more: Abundance’s Bruce Davis welcomes Green Taskforce Report