Equity crowdfunding company Seedrs has announced plans to expand across Europe.
The firm, which is currently based in London with an R&D facility in Lisbon, said it will open offices across Europe later this year and early next year.
COO and co-founder Carlos Silva did not divulge the details, but told CBR: "We will be operating Europe-wide. There will be key areas but we will have a presence all over. It’s the first platform of this kind to be Europe-wide.
"That will be our milestone this year."
He also announced that the company, which has successfully funded 28 startups since its launch in July 2012, has nearly reached £2m in fundraising after already reaching the £1m landmark in April 2013.
The average startup requested £70,000 of capital, though the amount needed did go as high as £250,000.
Silva said: "I don’t think we have had £2m but we are very, very close. We have closed 28 deals. We are doing very well."
The news comes after rival Crowdcube, launched in February 2011, broke the £10m mark earlier in August 2013.
The company has helped fund 59 businesses, with an average investment of £2,700, and attributed part of its success pointed to banks’ unease over lending to SMBs.
