This could be a useful source of funding for insurtechs and new insurance brands.
SeedBlink ended the series A financing round worth € 3,000,000, of which € 1,100,000 through crowd investing, double the initial target. Its own investment campaign is the largest financing carried out through this platform and the first Series A funding on SeedBlink.
Thus, 47 Elite and Classic members invested 550,000 euros between May 24-26, and today 80 people invested 550,000 euros in 20 minutes.
The round was led by one of the largest investment funds in the region.
“With this funding, SeedBlink will have the resources to fuel its ambition of becoming the European investment platform that will shape the future of the technology startup ecosystem. Moreover, it will support the European market compete with the great tech, the USA and Asia. We thank all the investors for their support so far. We are all pioneers of a new world”, says Andrei Dudoiu, co-founder and CEO of SeedBlink.
SeedBlink is a platform that democratizes access to early-stage investments for investors who do not have large amounts of money nor the time needed to join exclusive clubs.
The platform launched in December 2019 by former bankers Andrei Dudoiu and Ionuț Pătrăhău, and later joined by tech entrepreneurs Carmen Sebe and Radu Georgescu, has so far attracted over 5,000 investors from 15 countries. Also, 43 campaigns from 17 different industries managed to attract total investments of over 18 million from individual investors and VC funds, with 51% of the amount through crowdinvesting.
Target: accelerated development due to the European Crowdfunding Service Providers Regulation
The funding will allow SeedBlink to evolve from an investment tool for those who want to support the ecosystem of relatively small amounts of technology startups in Europe’s fastest-growing platform.
“Our goal is to consecrate the investment platform as a fusion of three main characteristics of the market: the «crowd» audience, the flexibility of the business angels and the structure of the VCs. The team expects even more rapid development next year due to the new European Crowdfunding Service Providers Regulation, expected in Q4 2021. There is a real need both for investors who want to diversify their portfolios and startups that need to attract funding and supporters from the region. Also, the communities served by startups have something to gain”, adds Andrei Dudoiu.