Mettrr Technologies secondary share sale on Crowdcube

Congratulations to Sebastian Lewis and the team at Mettrr Technologies which has become the first company to provide financial returns for its crowd investors through a secondary share sale on Crowdcube.

Investors, who backed the tech startup in 2012, 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 soletrader.com. Two further investors realised £250,000 in an off platform transaction.

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 SoleTrader.com, 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 garnered interest from institutional investors and enabled Mettrr Technologies to secure £1 million investment from Hambro Perks in October 2016 which acted s the catalyst for the secondary offering.

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.”

Delivering a return for shareholders is the ultimate goal for any high-growth business and its investors and Crowdcube is leading the way to delivering more exits and returns in equity crowdfunded businesses than any other UK platform with its secondary offering service.

At 4 Oceans we’ll certainly use this as an option to facilitate investor returns for our SEIS holdings through secondary trading for those portfolio businesses that are suitable.

Original source: Mettrr Technologies secondary share sale on Crowdcube

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