Seedrs, one of the tow biggest equity crowdfunding platforms in the UK (and probably in the world), has announced that it will open a new campaign offering shares to the crowd on Friday. To bid in the pitch and become a shareholder, interested investors need to register at the Seedrs website first and then wait for the campaign to open on Friday.

Jeff Lynn, CEO of Seedrs said:

Last month Seedrs announced its £10 million Series A round led by Woodford Patient Capital Trust and Augmentum Capital. As we explained, we have set aside £2.5 million of that round for existing shareholders and new investors to invest through a campaign on the Seedrs platform. …

The campaign will go live to members of our Leedrs Club (the group of our most active investors) at 9:00 am this Friday, 21st August, and it will then go live to all investment-authorised members at 12:00 pm the same day. … Investments will be accepted on a first-come, first-served basis, and although you will have several days to make payment after investing, we would suggest [investors] transfer any funds [they] wish to invest sooner rather than later.

Please note that by the time the campaign opens on Friday, a significant proportion of the £2.5 million will already have been taken up by existing shareholders exercising their pre-emption rights. We expect, however, that there will still be a good bit of room for new investors, and it is our hope that we will be able to use this opportunity to expand our investor base meaningfully.

I expect that this offer will fill very quickly. The last comparable offer by Crowdcube, Seedrs main competitor, was filled within minutes.