Republic to acquire Seedrs in $100m deal

US private investment platform Republic has agreed to by UK-headquartered company Seedrs.

Seedrs, a leading online private investment platform in Europe, will be valued at around $100 million – equivalent to roughly £75 million – following the acquisition.

“In working with Seedrs, we have admired their technological capabilities, the strength of their team and their strong presence in the UK and soon Europe,” said Kendrick Nguyen, Republic’s founder and chief executive. “We anticipate further developing the strengths of both companies from retail, secondaries, crypto, and communities to create a clear industry leader.

“We look forward to working together to shape the future of the industry at this critical stage of growth and innovation”.

Seedrs’ chief executive Jeff Kelisky will join Republic’s leadership team and continue as CEO. The rest of the company’s leadership team will also remain in place to continue to grow the UK business and support Republic’s European expansion plans.

“Seedrs’ ambition has always been to build a global private equity marketplace,” said Kelisky. “This transaction is a natural development of our partnership with Republic to achieve and go beyond that ambition.

“We have great admiration for the teams at Republic, and together we can accelerate our plans to create a powerful global private investment marketplace that will transform the finance ecosystem and the communities they serve”.

The deal will create what the Republic describes as the "first global investment marketplace."

The acquisition follows Republic's recent $150 million Series B financing round.

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