SeedBlink, the European co-investment platform, gets licensed under the ECSPR

Deniza Cristian 07/11/2022 | 13:55

SeedBlink, the co-investment platform for European startups, has received license from the Romanian Financial Supervisory Authority (ASF) as a provider of crowdfunding services under ECSPR (European Crowdfunding Services Providers Regulation), to strengthen its operational framework and pursue its European strategy.  

 

This makes SeedBlink the first CEE alternative co-investment platform to be authorized under the new regulation. At the European level, only 4 other platforms have received this license from local jurisdictions (with only two of them including equity), operating mainly in Western Europe: Spain, Latvia, the Netherlands and France.

“A new, safer stage for pan-European investments has begun. Our ambition is to continue to support tech startups and scale-ups and contribute to the development of Europe as an innovation hub with the help of private investors from across Europe. The authorization is a step forward for our company and further proof that we want to strengthen the entrepreneurial environment and protect investors as efficiently as possible,” says Andrei Dudoiu, Managing Partner of SeedBlink.

Under ECSPR, a licensed platform must comply with several measures to protect investors. One of these measures is the Key Investment Information Sheet (KIIS) that each startup must prepare for each crowdfunding offering. It must include the risks of an investment and focuses on important information about the project owners, investor rights and fees, and the types of instruments offered.

According to the regulation, crowdfunding providers are allowed to establish a secondary market where investors can resell their crowdfunded investments, through bulletin boards where buyers and sellers can find each other.

“We have started to apply for accreditation in the jurisdictions of the EU member states to obtain a European passport. SeedBlink offers investors the opportunity to safely invest cross-border in startups with European DNA, along with the strongest network of business angels and VCs. In addition to a clear protocol, the accreditation increases our capacity for co-investments with an investment between €100,000 and €5 million”, says Carmen Sebe, CEO of SeedBlink.

SeedBlink is a specialized technology investment platform launched in 2020 that enables individual investors to invest in leading European startups and scaleups alongside established institutional investors.

In 2022, SeedBlink consolidated its infrastructure and expanded its presence in Central and Eastern Europe and Benelux to innovate on a European scale. The platform has already mobilized over €145 million in startup investing, attracted over 63,000 individual investors from 73 countries and has a portfolio of 255 funded European companies.

Rounds completed through SeedBlink have over 200 key investment partners including VCs and institutional investors, family offices and business angel groups, both locally and internationally.

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