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SeedBlink Wraps Up Two Years and Shares Future Plans

SeedBlink’s ambition includes further product development and geographic expansion

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SeedBlink, Romania-based crowdfunding service for investors and startups, issues a report detailing two years of its history. The reports sums up the platforms’ experience both with investors and founders, as well as tips for them.

CEE’s most famous investment crowdfunding platform SeedBlink marks two years of its history with a 46-page report. The report details the crowdfunding campaigns as well as some details of the platform’s mode of operation, tips for investors and founders, and more.

Founded in early 2020, SeedBlink became the first platform of its kind not only in Romania and CEE, but in the entire Europe. The platform’s co-founder Andrei Dudoiu and his team have an extensive background as managing partners of successful companies with global exits. They used it to build an investment crowdfunding platform specifically tailored for the needs of startups.

Being able to make private equity investments remotely through an online platform proved to be an opportunity at the beginning of the pandemic. ‘We were fortunate to be able to build the team and show progress to our clients and shareholders quite quickly. I can even say it’s been a smooth ride but learning something new every day,’ Mr Dudoiu tells ITKeyMedia.

At the same time, SeedBlink offers its community of investors a chance to invest alongside top European VCs and angels with equal opportunities. Each campaign is supported by a pre-committed amount from an institutional investor.

From the Founders’ Side

Through two years of its existence, SeedBlink has reviewed over 1500 requests for crowdfunding campaigns, selecting only 56 that corresponded to the platform’s requirements and raising over EUR 37M altogether. (The common reasons for declining are also listed in the report). Some of them – like EcoTree or Telios Care – got covered by ITKeyMedia.

Romanian eCommerce facilitation startup EasySales went one step further and crowdfunded its entire round on SeedBlink. `_We are on a mission of democratizing merchants’ access to technology. That’s why using SeedBlink, a tech vehicle with a similar mission and approach, for our investment needs is in line with our philosophy,_’ easySales’ co-founder Ciprian Cazacu explains.

The platform’s Top 3 biggest campaigns so far are the following:

  • FlowX.ai – a Romanian service for facilitating digital transformation of enterprises regardless of legacy systems – raised EUR 1.6M of a EUR 7.3M round on SeedBlink.
  • Dronamics – a Bulgarian drone-based cross-border cargo delivery operator – brought in EUR 950K of a 3M round via SeedBlink.
  • SeedBlink itself crowdfunded its own EUR 3M Series A round with EUR 1.1M through its own platform.

Dronamics’ CEO and co-founder Svilen Rangelov tells ITKeyMedia that getting involved with SeedBlink additionally helped them strengthen their presence in Romania. According to him, many companies supply both Bulgaria and Romania from Bucharest due to its central location. So, it’s convenient for Dronamics to cover both countries within a two-hour flight of their drones with same-day service for 27 million people.

As firm believers in the democratization of access to capital and opportunities, we really liked the professionalism of the Seedblink team in particular and the platform they’ve developed. They made it extremely prompt and effortless for us to run our campaign,’ Svilen Rangelov, Co-Founder and CEO at Dronamics said.

Having a wide network of angel investors can be a catalyst for your growth in a region,’ Katerina Santikou, managing director at Workathlon, continues, explaining why her Greek-British startup chose to crowdfund its Bridge round on SeedBlink. Workathlon’s campaign is one of the examples of SeedBlink expanding beyond CEE.

From the Investors’ Side

As of now, SeedBlink’s community counts 9,000 investors from 50 countries. The minimum ticket is EUR 2,500. The report specifies that an average ticket size is EUR 4,000 and profiles a typical investor as a 30-year old man working in the IT sector. Daniel Mereuta, one of SeedBlink’s first users, believes that a platform like this should have come by a lot earlier.

I saw them evolve rapidly, maintaining their weekly listings, adding new features and products, etc. Additionally, SeedBlink became a learning opportunity for me. I am the only one responsible for choosing startups in which I want to invest. I think, I assess, I watch live pitches from the founders, analyze documents, etc. It’s very useful and practical – like following a long investment training but as applied as possible and of course, hopefully with good returns,’ - Daniel Mereuta, SeedBlink’s Champion Investor shares.

Product Development and Other Plans for 2022

What the report didn’t include is SeedBlink’s product development. The platform announced several big updates in December, including:

  • myPortfolio – a handy representation of aninvestor’s portfolio, including costs, value, profit/loss trends, documents of the startups, their quarterly reports, etc.
  • Thesis definition – a tool for personalizing the potential deals. It will allow to match investors and startups in private deal rooms by expertise and thesis.

‘Another exciting capability we are building is the secondary market. We currently have a pilot project to enable liquidity using the market price share determined by the valuation of a new investment round,’ Mr Dudoiu reveals.

Aside from the secondary market for investors, SeedBlink’s spokesperson points out two priorities for the platform’s development in 2022:

  • accelerating expansion in Europe with local offices at CEE
  • getting approved by the EU Crowdfunding Regulation – in addition to the British FSA.

Providing access to small investors in syndicates alongside professional investors is crucial for driving innovation in Romania, CEE, and Europe. Startups, in turn, benefit from easier access to early stage capital and growth networks as it helps them to create more disruption.

PublishedMarch 15, 2022


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As a startup founder, I am happy to witness SeedBlink’s dedication to expanding their support for early-stage companies beyond funding, towards a healthy equity management via Nimity. A solution to help better navigate relations with stakeholders, employees and future investors is needed in Europe. Less admin work and bringing transparency to the cap table are immediate benefits I was able to test.

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We really loved the SeedBlink journey. We reached our fundraising goal within hours of launching. About 100 investors joined our vision and invested almost $2 million in FLOWX.AI through the Private Deal Room. At the same time, working with SeedBlink to prepare for the funding round was an excellent exercise for our entire team, and we received and felt the support from the SeedBlink team members who took on an advisory role.

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SeedBlink made the (investment) process run smoothly. We appreciate all the support SeedBlink's professional team has provided.

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It's important to look for and choose a platform that you resonate with, that shares your mission with, a platform & its people with which you feel you can have good working relationships. we got an excellent relationship going forward; we talked a lot and we were in touch on a lot of matters and I think this was important. Having people who believe in your idea is of great help.

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Running the financing round was like any other fundraising; we had to be active in our community as well as in SeedBlink's investor community. After the launch, everything happened very quickly, and SeedBlink organized several pitch events for investors, which we found very useful for the round momentum.

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We immediately clicked with the SeedBlink team as their fundraising expertise was immediately obvious and their no-nonsense approach really appealed to us. After all, fundraising is only a means to an end, and we liked how the SeedBlink team was really focusing on supporting us and on getting things done.

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Our main expectation has been to raise the amount we were aiming for, and both rounds launched on Seedblink exceeded our targets, so we’re very happy with that! Even though the launched funding campaigns have been purely crowdfunding rounds, we are thrilled to actually receive extra support from some of the investors, who have chosen to get involved and help us generate product awareness, whenever they can.

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I am recommending SeedBlink without hesitation, to every founder that raises capital, especially early-stage tech startups. SeedBlink is a crowd investment platform that will also provide their startup with visibility, for Angels and VCs.

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Given the accelerated growth we observed at the end of last year and the beginning of 2021, we want a new capitalization, quickly. This is a bridge round that we will use for one year, and the advantages that SeedBlink offers are the speed at which we were able to list for financing and the experience that we gain as a result of this public listing, similar to a listing on the stock exchange.

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As a platform that only serves technology ventures, SeedBlink can connect the start-up with more than just money. SeedBlink investors are primarily technocrats who understand the objectives of the fundraising company and are also able to post-funding contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fundraising platforms. A perfect fit for a technology start-up seeking intelligent funding.

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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.

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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!