Coinsilium, a seed funding blockchain investment firm, is starting an equity crowdfunding campaign on Seedrs. The campaign funding target is £1.5 million with 12.64% equity on offer at an approximately £10.4 million valuation.
London-based Seedrs is an equity crowdfunding platform regulated by the UK’s Financial Conduct Authority.
Coinsilium is seeking an initial public offering on the ICAP Securities and Derivatives Exchange (ISDX) in London. Funds raised by Consilium will be used for paying IPO costs, investing in blockchain companies and funding operations.
Eddie Travia, CEO of Coinsilium, told AllCoinsNews:
Blockchain technology brings transparency and efficiency to complex processes, it feels highly suitable to raise funds for a blockchain investment company IPO on a London recognized stock exchange via an FCA regulated equity crowdfunding platform enabling investors from 48 countries to contribute to the campaign.
The crowdfunding campaign on Seedrs is concurrent with the ISDX IPO, permitting investors sell their shares on ISDX at any time. Seedrs is a large, seasoned funding platform that has helped more than 86 companies with funding needs.
Thomas Davies, Seedrs’ Chief Investment Officer, blogged:
Coinsilium is planning an ISDX listing but we have designed a solution that can be used to crowdfund an IPO on any UK exchange.
Like Coinsilium, the Seedrs equity crowdfunding model for IPOs can raise for an entire IPO distribution or it can seamlessly sit alongside a traditional book build.
Our in-house talent resources mean that we can move quickly, efficiently and cost-effectively without needing to hire or wait on additional external advice..
Coinsilium is a blockchain technology holdings firm with investments in payment gateways – CoinSimple and SatoshiPay, wallets – Hive and bitSIM, exchanges and platforms – Mexbt, Magnr and the Real Asset Co., decentralized application plays – Factom and Neuroware, TRAC – a gold and precious metals trading platform, and security solutions firm – Rivetz.
The blockchain tech investment firm planned an IPO earlier in August 2015 on the AIM market but postponed the offering, and now is going to offer trading of its shares on the ISDX exchange by the end of the year .