In recent times, crowd finance has risen the ladder of a new and exciting way of raising money. Thousands of online money marketplaces move many billions of dollars around the world for individuals, charities, business, the arts, and much more. One such firm is Cambridge-based Crowdsurfer, a crowd finance data intelligence firm. As of today, it has acquired £1 million in an Angel investor round.
The round was led by former backers Mustard Seed, also drawing support from investors including Brendan Bradley, former executive at Eurex, and William Tunstall-Pedoe, founder of Evi, a Cambridge-founded internet search engine company which was acquired by Amazon.
The Crowdsurfer system functions by providing analytics and insights into crowd financing markets, which it does by pulling together data from crowdfunding and P2P platforms. This data covers equity, debt, rewards and other forms of crowd-based funding transactions from across the world. The Crowdsurfer mission is to create a resource which encourages engagement with the market, reduces the data burden of those inside the industry, also fuelling a new ecosystem of service builders in the process. It has managed to become a tool for understanding, promoting, progressing and contributing to a phenomenal movement in a more open financial world.
Emmi Nicholl, COO of Crowdsurfer, said in a statement,
This investment, particularly from such highly respected, experienced individuals, is yet another vote of confident in Crowdsurfer, our data intelligence product and our vision of a data-rich crowd finance industry.
Crowdsurfer plans to use this latest inflow of funds to speed up growth and support the development of its new artificial intelligence tool, Daisy.
Richard Baker, chairman at Crowdsurfer, commented,
We are thrilled to welcome our new shareholders, and the wealth of connections and experience they bring with them. Crowdsurfer continues to build momentum at a very pivotal time for the crowd finance sector, bringing much-needed transparency and data intelligence to this disruptive FinTech industry.
He concluded with,
We are looking forward to a very bright 2017, and to building on the considerable successes to date.
