SEEDRS, the London-based equity crowdfunding service, says it is planning to expand into the US early next year after acquiring California-based Junction Investments yesterday.
The firm, which recently completed its largest ever funding with more than 1,400 investors putting a combined £4m into the publicly-listed English winemaker Chapel Down, said the move would help it to launch in the US market.
Acquiring Junction gives Seedrs the licences it needs to allow investments as the US opens up its market to equity crowdfunding.
“Equity crowdfunding in the UK and Europe covers both accredited high net worth investors as well as true retail investors who just want to invest as little as £10… In the US it was only last year that they allowed equity crowdfunding for the high net worths only,” Seedrs investment chief Thomas Davies told City A.M.
“The true retail part of equity crowdfunding still isn’t in place in the US, but it is on the cards and hopefully it’ll be in place over the next year or two.”