Mettrr Technologies Realised Its Investments To Crowdcube Platform

Mettrr Technologies Realised Its Investments To Crowdcube Platform
14.04.2017 06:45 am

Mettrr Technologies Realised Its Investments To Crowdcube Platform


Mettrr Technologies has become the first company to provide financial returns for its crowd investors through a secondary share sale via a crowdfunding platform. It comes just six months after Crowdcube announced that it would pioneer secondary liquidity on its platform, delivering on its mission to help investors realise their investments. 

Investors, who backed the tech startup in 2012 on Crowdcube, received a 9x return on their original investment after angel investors acquired a stake in the company. Following the transaction 10 investors collectively realised £50,000 in Mettrr Technologies, previously Two further investors realised £250,000 in an off platform transaction.

Darren Westlake, Crowdcube’s CEO and co-founder, said: “Following successful exits from Camden Town Brewery, E-Car Club and Wool and the Gang, we’re delighted to facilitate a healthy return for investors in Mettrr Technologies, one of Crowdcube’s early success stories, as they realise their equity investment through this pioneering secondary share sale. This liquidity milestone, which comes hot on the heels of the share buy-back by Celixir, is the eighth Crowdcube funded business to deliver returns and brings the total amount now returned to investors to over £5 million, through equity exits and bond interest repayments.”

Since raising £100,000 on Crowdcube in March 2012 from 25 crowd investors, the company has developed a market leading artificial intelligence software that builds DIFM (Do It For Me) websites for small business owners in seconds.

Whether it's through large white label partnerships or using wholly owned brands such as, Mettrr Technologies then connects these small business website customers with deals and supplies that they need to complete jobs that are generated from their own site. Recently, the firm partnered with Crazy Domains - Australia’s largest domain provider.

It is this technology IP that has garnered interest from institutional investors and enabled Mettrr Technologies to secure £1 million investment in 2016.

Sebastian Lewis, founder of Mettrr Technologies, said: “Getting the business to where we are today wouldn’t have been possible without our early crowd investors. I’m delighted to give those investors the option of a healthy return on their investment but I’m also pleased that 17 of the original 25 crowd investors want to stay with us for the next part of our journey to global expansion; I look forward to providing further liquidity events in the future.”

Darren Westlake added: “Delivering a return for shareholders is the ultimate goal for any high-growth business and its investors and Crowdcube has led the way in delivering more exits and returns in equity crowdfunded businesses than any other UK platform. We’ll continue to look to facilitate investor returns through secondary trading for businesses that are maturing as well as working with more established and venture backed businesses.”

Paul Hale, a professional investor and an early shareholder in Mettrr Technologies, said: “I invested £45k in two rounds in the start-up because I knew that, as an entrepreneur, Sebastian would have the drive and determination to make a success of it. Mettrr has evolved over time and its value now lies in its technology, widening its opportunities. I am delighted that I have been given the chance to trade some of my shares and make a tidy profit while keeping a portion invested so that I can see the business through the next stage of its development.”

Related News

SimplyFi launches online crowd-investing product for SMEs with Tochka Bank

SimplyFi, a leading innovator in crowdfunding for Russian small and medium-sized enterprises (SMEs), has teamed up with Tochka Bank to offer its fast, online lending services... Read more »

iwoca pledges £100m for small businesses in the Northern Powerhouse

iwoca, one of Europe’s largest small business lenders, is pledging to lend £100 million to micro and small businesses in the North of England by 2020. The alternative finance... Read more »

Teaming for Better ICO & Crypto-Crowdfunding Experience

COSS, a one-stop solution venue for cryptocurrency adopters, has established a strategic partnership with FundYurselfNow (FYN), a blockchain-based crowdfunding platform.

Read more »

Zuper Targets Crowdfunding Raise

“Higher and higher fees, little innovation, fewer branches: banks have left their customers behind,” says Alexey Rubtsov, the co-founder of a new German fintech startup, “We... Read more »

Rentivo Exceeds Crowdfunding Target by 36%

Today Rentivo, a vacation rental marketing and management software company, announced it has successfully oversubscribed its crowdfunding campaign, raising £341K... Read more »

Misys Launches New Crowdlending Module to All Customers

New module enables retail and corporate banks to grow their lending business and recapture P2P market share

Today, at its Connect Forum in Paris, Misys launched... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App