Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, June 23 2022 - 20:00
AsiaNet
CityFALCON, the Spotify of financial content, raises $2m from a client, TBH, Holt, and Seedrs
LONDON, June 23, 2022 /PRNewswire-AsiaNet/ --

London and Malta based fintech CityFALCON [ https://www.cityfalcon.com/ ] 
closed an equity fundraising campaign [ https://www.seedrs.com/cityfalcon7 ] on 
Seedrs of GBP 1.65m ($2m) to scale up the business and bring even more 
insightful products to market faster.

On Seedrs, the leading UK private investment platform, CityFALCON has leveraged 
individual investors from their growing fanbase and onboarded institutional 
investors.

Serial entrepreneurs took part in the round, including one that sold his last 
company for GBP 500m.

Moreover, eToro, the social investing network with over 27 million registered 
users globally, took a small position in the company. eToro is a client and 
powers its News tab with CityFALCON content, providing users with a quality 
contextual newsfeed to inform investment decisions and increase engagement.

As further validation, The Holt Xchange, a global early-stage VC firm and 
platform in Canada, and Terance Butler Holdings (TBH), a property investment 
company in the UK, have both taken stakes.

TBH's investment enhances their portfolio of high-growth, IP-based companies. 
Stephen Walker, Investment Director at TBH, said "We are excited to invest in 
CityFALCON at what we believe is a pivotal time for the company. Having gained 
traction, we believe now is the right moment for the company to scale up its 
sales & marketing effort whilst continuing to develop the product".

Managing Partner at Holt Xchange, Elisabeth Laett, stated "The democratisation 
of financial information is the result of a global demand to access better 
education and deeper financial insights for a broader audience. We have been 
impressed with the team's mission at CityFALCON and pleased to further support 
them in this seed round".

Overall, CityFALCON boasts 2300 existing investors, with 1200 coming on in this 
round, including new and repeat investors.

Ruzbeh Bacha, CEO at CityFALCON, commented "We are grateful and very excited 
about this round, especially during these volatile and uncertain times. Our 
users, clients, and investors on Seedrs have been amazingly supportive".

Seedrs' Kirsty Grant, chief investment officer, added "CityFALCON's raise far 
outstripped their original expectations and shows the investor demand for 
opportunities even amidst the current economic climate. We are happy to have 
been able to support them in their journey."

About CityFALCON - Using AI and Big Data, CityFALCON personalises content feeds 
from thousands of financial sources with one paid subscription like Spotify 
does for music. Clients receive curated content, analytics, and insights via 
web, mobile, and API. 

Photo - https://mma.prnewswire.com/media/1844507/CityFALCON_1.jpg
Logo - https://mma.prnewswire.com/media/1845605/CityFALCON_Logo.jpg

Source: CityFALCON