Crowdfunding platform Seedrs has been acquired by US firm Republic.
In Brief:
Republic is a private investment firm which operates investment platform Republic.
Seedrs will now be Republic’s European retail arm – in a deal worth $100mn.
Jeff Kelisky, Seedrs CEO, will now lead Republic’s global retail division.
What does this mean?
Seedrs has completed over 1,700 campaigns and £2bn investment on its platform so far and was already partnered with Republic, which hopes the company will advance its European expansion. It's hoped deals on the platform will now reach more investors too.
