Cambridge-based Crowdsurfer closes £1m Angel round led by Mustard Seed

Crowdsurfer, a crowd finance data intelligence firm, has secured £1m in an Angel investor round.

Led by former backers Mustard Seed, the round also drew 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 provides analytics and insights into crowd financing markets 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.

Emmi Nicholl, COO of Crowdsurfer, commented: “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 the funds to accelerate growth and support the development of its new artificial intelligence tool, Daisy.

Richard Baker, chairman at Crowdsurfer, said: “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.

“We are looking forward to a very bright 2017, and to building on the considerable successes to date,” he concluded.