London-based Seedrs heads West following equity crowdfunding law change
London-based crowdfunding platform Seedrs is set to launch in the United States, commencing with a beta test of its platform following a key law change on equity crowdfunding.
The U.S. Securities and Exchange Commission (SEC) to implement Title III of the JOBS Act, allowing non-accredited investors to partake in equity crowdfunding.
The beta test will offer US accredited investors the opportunity to invest in selected campaigns listed on Seedrs, with an official launch expected in early 2016.
In late 2014 Seedrs acquired California-based crowdfunding platform Junction Investments in preparation for its push into the United States. It has since been developing the right approach to commence operation in the United States.
Seedrs believes Friday’s SEC vote on Title III of the JOBS Act represents a significant step forward for early-stage and growth-focused businesses that wish to use equity crowdfunding as a platform to raise capital for their businesses.
Jeff Lynn, CEO, Seedrs said: “I have had the privilege of being involved in the lawmaking process for U.S. crowdfunding ever since the JOBS Act was introduced in 2011, and I am very pleased to see that the SEC has finally adopted rules implementing Title III.
“We believe this heralds the emergence of equity crowdfunding as a vibrant form of finance in the United States—just as it has become in the UK and Europe—and Seedrs is perfectly positioned to take advantage of the sector’s growth. The beta testing we are announcing today will be our first foray into the market, and we look forward to growing our presence there significantly in 2016.”
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