We have moved. You will now be redirected to our new site ECF.BUZZ

Thursday 29 March 2018

Hiyacar moves venues from Seedrs to Crowdcube for more money


Hiyacar have used Seedrs twice to raise cash and have now decided to move over to Crowdcube - maybe the Seedrs wet nurse had run dry?


The new Crowdcube pitch is currently in private mode. Valuation will please Seedrs investors as at £7.2m, it's twice the 2016 Seedrs round of £3.6m. Not sure what the evidence is for this doubling but who cares. It was valued at £1m in the 2015 Seedrs round, so these investors are really doing well  - if they can find a buyer! 

We bring you this news as Crowdcube often forget to tell you these important details. And as we all know, knowledge is power. 

Be careful out there - the recent events with Freeagent (maybe not done and dusted yet; watch this space) and Ridelink, are illustrations of just some of the dangers. Ask yourselves, is this progressive capital they need or a bung to stop up a large hole in cash flows? 

Thanks to Iceman for this one. You're simply The Best. 


1 comment:

  1. Hi, did you see the latest email on HiyaCar? I received it two days ago: they are doing a separate fundraise through platform "Envestors" while closing the Crowdcube fundraise. Strange, although it is at the same valuation and share price of the Crowdcube round.

    ReplyDelete