Online capital formation and more traditional funding methods continue to converge as Seedrs, a leading UK investment crowdfunding platform, has provided access to the Augmentum Fintech initial public offering (IPO) on the London Stock Exchange.
The £100 million IPO saw more than £500,000 of investment orders from Seedrs investors within the first 24 hours, topping the initial target for the platform. As it stands presently, 191 Seedrs investors have participated raising £574,000. Augmentum Fintech, a Fintech focused venture fund, revealed its intent to list shares just last week as RIT Capital, a fund chaired by Jacob Rothschild, indicated it would invest £10 million into the company. The RIT Capital Management team will invest £2.7 million in a fund that expects to raise £100 million.