Romanian technology investment platform SeedBlink said on Tuesday that it acquired Netherlands-based investment crowdfunding platform Symbid in a push to significantly broaden its investor pool and consolidate its European footprint.<\/p>\n\n\n\n
The transaction will add to SeedBlink’s high-net-worth network, taking the combined total of individual investors to 62,000 and the two platforms’ aggregate investments to over 110 million euro ($111.7 million) in 250 start-ups to date, the buyer said in a press release. The financial details of the deal were not disclosed.<\/p>\n\n\n\n
Through this acquisition, the Romanian fintech will also gain additional connections to Symbid’s partner banks, venture capital funds and angel investors.<\/p>\n\n\n\n
“Both companies have made a name for themselves in providing private investors with access to curated European start-up opportunities, so this is a natural move looking for the European consolidation game,” Ionut Patrahau, SeedBlink co-founder and corporate development manager, said. <\/strong>He added that the combination of the two businesses will lean on complementary advantages from eastern and western models to bolster portfolio diversification and investment infrastructure.<\/span><\/p>\n\n\n\n SeedBlink, which continues to be on the lookout for further investment opportunities across Europe, has an eye on France and the Czech Republic as potential areas for expansion, a company spokesperson told SeeNews.<\/p>\n\n\n\n Set up in 2011, Rotterdam-based Symbid has fostered a 50,000-strong investor community. In the decade to end-2021, the Dutch company backed more than 180 start-ups, over a third of which in technology, through equity and convertible loan deals worth 35 million euro.<\/p>\n\n\n\n The merger will give rise to a proprietary digital finance infrastructure and a secondary investment market, in which individuals and professional investors across Europe will be able to interact, according to Symbid founder Robin Slakhorst.<\/p>\n\n\n\n Looking ahead, Symbid will lead the combined company’s investment activity in the Benelux region, in which it has been traditionally strong and which SeedBlink also prioritises in its expansion plans.<\/p>\n\n\n\n Launched in early 2020, SeedBlink has helped raise over 75 million euro in start-up investments, attracting over 12,000 individual investors from 60 countries. It backs European tech companies in pre-seed to Series B funding stages, and has a portfolio of 62 start-ups, among which Hungarian fintech FlowX, Bulgarian cargo drone developer Dronamics, Serbian marketing automation start-up Hunch and Romanian AI-powered virtual business assistants provider Druid. Elsewhere in Southeast Europe (SEE), SeedBlink has offices in Bulgaria and Greece.<\/p>\n\n\n\n In June, the Romanian fintech launched a secondary market for investors.<\/p>\n","protected":false},"excerpt":{"rendered":" Romanian technology investment platform SeedBlink said on Tuesday that it acquired Netherlands-based investment crowdfunding platform Symbid in a push to significantly broaden its investor pool and consolidate its European footprint. The transaction will add to SeedBlink’s high-net-worth network, taking the […]<\/p>\n","protected":false},"author":2,"featured_media":7677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12,6,3,5,17,317],"tags":[547],"_links":{"self":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7675"}],"collection":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7675"}],"version-history":[{"count":1,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7675\/revisions"}],"predecessor-version":[{"id":7678,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/7675\/revisions\/7678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/media\/7677"}],"wp:attachment":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}