Bucharest-based SeedBlink nabs €3 million, with €1.1 million from its own crowdfunding platform

Today SeedBlink ended its Series A financing round worth €3 million, of which €1.1 million was funded through its own crowdfunding platform, double its initial target. Its own investment campaign is the largest financing carried out through the platform 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, who were later joined by tech entrepreneurs Carmen Sebe and Radu Georgescu. It has so far attracted over 5,000 investors from 15 countries. Currently, 43 campaigns from 17 different industries have managed to attract total investments of over 18 million from individual investors and VC funds, with 51% of the amount through crowdinvesting.

SeedBlink’s booming community is at the heart of the platform’s success, along with a selection of technology startups founded by passionate teams with innovative ideas, real social impact and potential for international scaling.

The startup’s new Series A round was led by one of the largest investment funds in the region. Of this, €1.1 million was raised via the SeedBlink platform, which saw 47 ‘Elite’ and ‘Classic’ members invest €550K between May 24-26, and today 80 people invest €550K in 20 minutes.

“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”, said Andrei Dudoiu, co-founder and CEO of SeedBlink.

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 into 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”, added Andrei Dudoiu.

Seedblink is one of the fastest growing investment platforms for technology startups in Europe, in terms of the amounts traded and the number of investors. The company aims to democratize the investment process by combining, in one online platform, crowdfunding visibility, business angel flexibility and VC expertise.