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Romania's SeedBlink aims to raise 3 mln euro for European expansion

Romania's SeedBlink aims to raise 3 mln euro for European expansion SeedBlink board Source: SeedBlink

BUCHAREST (Romania), May 25 (SeeNews) - Romanian investment platform in technology start-ups SeedBlink said on Tuesday it aims to raise 3 million euro ($3.66 million) in a Series A round in order to finance its expansion into Europe.

Out of the total amount, some 500,000 euro are to be raised through equity crowd investing, SeedBlink said in a press release.

The listing will be on SeedBlink's own platform, on May 27, and investors will be able to participate with tickets starting at 2,500 euro. The main investor is a major VC in the region, who will be joined by other institutional investors, as well as by the SeedBlink community. The name of the lead funder will be announced after the due diligence process is completed, the company added.

The pre-money valuation of SeedBlink is 12 million euro.

SeedBlink management plans to develop the platform internationally starting in the last quarter of this year by establishing partnerships with the main technology hubs in Europe. Furthermore, the management intends to set up an Advisory Board of senior specialists in the region within the next three months.

"We want individual investors in Europe to benefit from the possibility to fund technological startups together with business angel professionals and venture capital partners. And we want the founders to find resources and mentors in one place. We want to create an innovative investment platform for Europe", SeedBlink co-founder and CEO Andrei Dudoiu said.

For 2021, SeedBlink management is targeting revenues of over 1 million euro.

"By the end of next year, we want to list at least 150 technology startups and have 30,000 individual investors on the platform. Moreover, we aim for revenues exceeding three million euro in 2022," Dudoiu said.

SeedBlink was launched in December 2019 by former bankers Andrei Dudoiu and Ionuț Patrahau. At the beginning of last year, Radu Georgescu and Carmen Sebe, two of the most famous technology specialists in Romania, joined as partners. The team participated in 45% of the financing rounds of Romanian startups in 2020.

SeedBlink has launched 42 funding campaigns in the 18 months since its inception, thus helping startups raise a total of 15 million euro from individual investors and VC funds. The startups on the platform have attracted over 5,000 investors from 15 countries.

($=0.8192 euro)

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