Neil Woodford has invested an additional £4m into crowdfunding platform Seedrs, bringing his total investment to £10m, which the firm will use to launch new product capabilities.
The investment will be made through two funds currently managed by Woodford; his £805m Woodford Patient Capital trust and the £267m Omnis Income & Growth fund. This follows the manager's initial £6m investment in 2015, making the total investment £10m. The investment values Seedrs at £40m on a fully-diluted, pre-money basis. Seedrs will use the capital to launch new product capabilities, enhances sales and marketing efforts and launch strategic partnerships. In addition to the investment from Woodford, Seedrs will conduct a crowdfunding campaign to give existing shareholders and ne...
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