The founders’ strategy is for the platform to raise a community of 30,000 investors in the region over the next three years, to invest in 175 innovative start-ups.
The platform was launched by Iulian Padurariu, Ionut Patrahau and Andrei Dudoiu. Patrahau and Dudoiu were previously vice-president at Romanian lender Banca Transilvania.
“SeedBlink’s main goal is to increase the number of potential investors to ensure a critical mass. We are starting to build this community interested in small investments in Romania and we plan to extend our efforts by articulating specific processes in countries in the region,” said Radu Georgescu, board chairman.
The platform has attracted over 1,000 investors and has listed eight start-ups, all completely subscribed or oversubscribed, raising over EUR750,000.
After an initial investment of EUR150,000 from the co-founders, SeedBlink’s growth will be financed with additional EUR100,000 contributions from its five existing shareholders and EUR200,000 has been allocated for the current equity crowdfunding campaign.
SeedBlink is also exploring the option of attracting maximum four tickets of EUR100,000 each from venture capital funds. For EUR300,000, SeedBlink is set to issue 6.67% new capital.