Crowdcube to merge with Seedrs in a $140m deal.

Crowdcube, a British investment crowdfunding platform, agreed to merge with Seedrs, an equity crowdfunding platform, in a $140m deal. "We are both fintech pioneers that have challenged the landscape of capital raising in Europe, building marketplaces for private equity investment. We believe that you need to be a player of greater scale to serve companies and the investors who support them. Now is the right time to bring our strengths together, in order to meet our common mission to deliver a step change in the accessibility and efficiency of private company investing," Jeff Kelisky, Seedrs CEO. On November 12, 2020, The CMA agreed to 'fast track' the anticipated merger of Crowdcube and Seedrs to an in-depth Phase 2 investigation, after finding likely competition concerns.