Investing app dabbl surpasses crowdfunding target as it nears £600k

dabbl, the UK’s first app-only share buying service, has secured its initial £350k Seedrs crowdfunding target and is now nearing £600k.

The London-based business has more than 60% overfunded due to commitments from over 200 investors.

dabbl has been built for breaking down the barriers to entry when it comes to individuals buying and selling shares. Costs have also been significantly reduced, making even small investments worthwhile.

dabbl launched its crowdfunding campaign to pre-registered investors on July 3rd, ahead of a public launch on July 6th. Investment in dabbl is eligible for EIS tax relief.

Mark Ackred, founder and CEO of dabbl, commented: “We are delighted by the response so many investors of all sizes have given this project.

“To have overfunded so quickly is especially reassuring, underlining both the conservative valuation we have applied to the business and also the fact investors appreciate supporting a product that already has clients on board placing transactions.”

To preserve long term value for existing shareholders, dabbl has the ability to close the funding round early.