How Was 2023 for Seedrs, a UK-Based Crowdfunding Portal

The equity crowdfunding portal Seedrs, based in the UK but owned by the American platform Republic, has released the report ” Seedrs Sector Report 2024 ” in which it outlines the trends of the most promising economic sectors, as well as a summary of the performance of the platform over the of 2023, edited by Managing Director John Lake.

Despite the global turmoil, the platform has supported 266 funding rounds totaling over £353 million, with 88 campaigns worth over £1 million such as Yonder and GrowLab Organics.

The uncertain economic context, with geopolitical tensions and inflation, has slowed down fundraising, in line with the 15% decline in global venture capital in the third quarter of 2023. The collapse of Silicon Valley Bank has further affected the sector, with a negative impact on IPOs and mergers and acquisitions.

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Despite the difficulties, Seedrs has been able to adapt, proving to be a leader for B2B companies in Europe

72% of first-round companies on Seedrs in 2023 were B2B or mixed B2B/B2C. Successful examples such as Green Lithium, Fieldwork Robotics and Carnot Engines show the potential of this segment.

Another turning point was obtaining the European license for equity crowdfunding providers in October. Since Seedrs was licensed under the new EU regulation, it has supported 28 European businesses from 12 European countries outside the UK, raising £35m.

Looking ahead to 2024, economic uncertainty and market turbulence are still expected. However, a rebound in fundraising is expected, with a greater focus on new companies than bridge rounds. Sectors such as ClimateTech and artificial intelligence should continue to drive investment.

In summary, 2023 was a complex year for Seedrs, but the platform demonstrated resilience and ability to adapt. With more harmonized European regulation and a focus on B2B, it looks to the future with confidence, despite the challenges foreseen for 2024.

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(Featured image by MallorcaGraphics via Pixabay)

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