SeedBlink received funding in record time to expand in Europe
The amount financed by crowd investing reached €1.1M, double the initial target
• SeedBlink has concluded a € 3.000.000 Series A round
• The amount financed by crowd investing reached 1.100.000 euros
• The round marks the first Series A funding on the platform and is also the highest funding ever
• Target: expansion in Europe and accelerated development due to the European Crowdfunding Service Providers Regulation
Bucharest, May 27, 2021
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 crowd investing.
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.
PublishedMay 27, 2021
CEO & Co-founder
SeedBlink has created a vital ecosystem for startups at the beginning of their journey by equipping entrepreneurs with expertise, encouraging honest and sometimes uncomfortable but necessary discussions about risks and vulnerabilities through a suite of tools, and facilitating connections with investors who share the founders' vision and can contribute to their success. I have greatly appreciated the constant support of Eric and the entire team at all stages of the campaign. Thank you so much!
Co-Founder & CEO
SeedBlink boosted our brand exposure and facilitated the financial support we were seeking. Having a campaign on the platform allowed us not only to meet a team of professionals - that guided and helped us prepare the necessary materials - but also opened doors for increasing our brand awareness and have discussions with VCs & angel investors we have never reached before. This campaign gave us the encouragement we needed to push the product further, while the record-breaking fundraising (only 2 hours from the launch of the campaign!) was a great confirmation that our product is needed in this market and that we should continue innovating.
Co-Founder & CEO
“As a platform that only serves technology ventures, SeedBlink is able to connect the start-up with more than just money. SeedBlink investors are primarily technocrats that not only understand the objectives of the fund raising company, but are also able to, post funding, contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fund raising platforms. A perfect fit for a technology start-up seeking intelligent funding”.
Co-Founder & CEO
For us, this bridge round was the first experience of capital crowdfunding. Working with the Seedblink team, we saw a very high degree of professionalism, we had a very good experience and we are very happy with the results of this campaign. From a visibility and impact perspective, we look forward to January in order to capitalise on these new opportunities. As a thought, for all Romanian entrepreneurs, I think that the format offered by SeedBlink can be a good reality check but also a super opportunity to attract investments in their businesses.
Co-Founder & CEO
Getting funding through Seedblink is an event in itself, which can propel the company in a completely different sphere of interest, both for the business area and for the general public. The collaboration with SeedBlink made us realise that an unexpectedly large number of people were concerned about the circular economy and channelling these energies. SeedBlink is a unique construction in the Romanian context, equivalent to the innovation and incandescence of a real incubator.
Co-Founder & CEO
SeedBlink is a unique platform in Romania in what it offers - not only access to finance, but also a facile experience of optimising your business. Using the expertise of the SeedBlink team, start-ups that choose to be listed here get mentored and advice from entrepreneurs, analysts, investors and PR experts for whom he would have paid much more elsewhere, and for these reasons I would say that SeedBlink was more than just a platform for me to successfully raise funds; it was a growth experience, an ecosystem of very nice people and good professionals and overall, a very necessary and valuable presence in the ecosystem of startups in Romania and beyond.
I warmly recommend other startups looking for pre-seed or seed funding to turn to SeedBlink. Through equity crowdfunding, but also mentoring and self-assessment tools provided, SeedBlink covers a niche that other groups of angels, VCs or other alternatives cover only partially or not at all. And beyond the funds raised through SeedBlink, the fact that a start-up has gone through the validation and mentoring offered by the SeedBlink team is an extremely valuable trust badge - you feel like an entrepreneur that you've moved to the next level.
I would recommend SeedBlink to any start-up that wants to publicly validate that it has a profitable, viable and fundable business. As business people, we know that in "one-to-one" selling the chemistry is essential. This dire and transparent "one-to-many" process that SeedBlink proposes, is for any incipient business a breath of oxygen and a reliable boost, that with no doubt any start-up needs. The validation given by a large number of investors who believe in you, I confess that it is invaluable.
Co-Founder & CMO
Crowdfunding is a valid financing option, especially for start-ups that want to have a social impact. Besides access to capital, such a round brings with you a multitude of motivated people, future ambassadors of your business. In a market where it is becoming increasingly difficult to communicate in an authentic and relevant way, I think it is precious to amplify your message through the voice of business people with credibility, customers, partners and so forth. The SeedBlink campaign has brought us a significant profile at a critical moment for Kinderpedia.
Co-Founder & Managing Partner
Given this experience, we no longer imagine how an innovative start-up could develop healthily without such support; you need to be realistic and realize that there are hundreds of start-ups with similar ideas to those of your team, and the difference can only be made by relying on transparency and rigour before an approved jury. The alternative is to rely on luck and to actually work as it is; hoping that you are sufficiently well-informed and experienced and that the cash flow at the beginning of the journey will help you get over pivots, uncertainties and other competitors in the market.
Founder & CEO
SeedBlink has become for us more than a platform of crowdfunding. The team has remained after the successful completion of the campaign, our advisors. They are people with extensive experience, united by a strong common objective: to make significant changes to current investment practices in Europe. We are incredibly pleased that we are now part of the SeedBlink family.
Co-Founder & CEO
The whole process was smooth; you have direct interaction with the founders of SeedBlink. We have never defied ourselves to call any of them to ask for feedback; they have provoked us a great deal -- that's why we think you must prepare before you have such an interview. As for the campaign - it ended in less than an hour, although the timeline had been allocated 30 days.
Co-Founder & CEO
Getting financing through Seedblink is a transparent and fast option of fundraising for start-ups that want to accelerate their growth. The crowdfunding campaign was an intense one, receiving all the support and openness from SeedBlink, both strategical and operational. Although our listing was atypical, our team and Seedblink’s team worked as one, united and with a common goal, leading to reaching and exceeding initial targets in just three days. The success of the campaign has created visibility both at national and abroad.