Hedgehog, an investing app that integrates with blockchain, has exceeded the target of its crowdfunding campaign. The company has raised £1.1m, so far.
Its crowdfunding campaign, which is hosted on Seedrs, has an initial target of £1m. The company has another 26 days left on the fundraise.
So far, 197 investors have joined the round.
UK-based Hedgehog has raised the money at a pre-money valuation of £20.4m. The company has offered 5.34% of its equity in its sale. The shares have a price of £18.37 apiece.
The WealthTech company offers easy access to real-world investments. Hedgehog has secured investment opportunities in over $1.5bn of real assets, including warehouses, content studios, renewable energy infrastructure and more.
Through the app, Users select from categories that are tailored to their goals. Tokens are used as a digital representation of an investment, instead of a certificate. The user chooses how many tokens they would like to buy.
Approval is completed online, with no need to talk to humans. Finally, a dashboard shows the user all of their portfolio.
The investing app states that real asset investment were locked off to big funds with huge cash reserves. Hedgehog is removing the barriers and making them available to everyone.
In other WealthTech news, micro investing platform Wombat recently raised £4m for its Series A. The company allows users to trade global stocks and ETFs, commission-free. Users can access a variety of theme-based exchange-traded funds and curated UK, US and EU fractional shares.
Another investing app to raise capital was Grizzly.fr. The company, which offers crypto investing tools, raised $26m in its funding. Grizzly.fi claims to differentiate itself from the market through its focus on usability, security and scalability.
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