butterwire, an investment portfolio analysis platform, has raised £308,440 in its crowdfunding campaign.
The crowdsale, which is being raised on CrowdCube, originally had a target of £200,000 but has stormed past this goal following investments from 221 investors. This sale has seen 9.47 per cent of the company’s equity distributed to the investors.
A pre-money valuation of butterwire for the crowdfunding campaign has been set at £2.9m.
UK-based butterwire is an AI-powered investment portfolio analyst platform for both individuals and institutions. Its technology is able to help investors generate higher returns, accelerate stock selection, lower portfolio risk, longer investment horizons and optimise trading, according to its campaign page.
Through the solution, users can monitor concentrated portfolios of individual regional or global stocks.
The app aims to aid investors in three ways. The first is by finding opportunities and stocks which offer the highest upside potential for the risk, and the second is minimising risk, which id done by offering risk diversification and mitigation. The final prevention is to keep the user aware of the market and ensure they receive all necessary information.
Last week, FinTech Global reported Crowdstacker has raised up to £800,000 in its own crowdfunding campaign. The company is an FCA regulated online alternative investment platform, offering ISA eligible PSP loans, bonds and loan notes.
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