It would be worth investors checking out the claim made in the Seedrs 2019 round when they stated that Founders were investing in this round to a min of £200k. Looking at Ch filings there is little evidence this investment by the two founders went ahead. If it didnt, then Seedrs are in clear breach of their FCA licence and all investors in Goodbox in that round will be able to claim back their full investment via the FOS.
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I think Pluto will follow the same path over the summer. The latest update said they could not secure any additional financing and they are looking to sell the tech but does not see very likely or for anything significant. To be fair they lost their way a bit as they were initially a travel insure-tech and then pivoted to a sort of Pinterest for travel.
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Also saw an update from Honcho that sounded ominous. End of summer will bring some clarity but seems that it might not look great.
They raised on both CC and Seedrs.
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And Callaly looks like it’s likely to go into administration too….really liked those guys.
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One of my smaller investments but not looking promising at all 
I read the Honcho email as “no hope, we’ve given up”.
Dozens’ next on the pile.
I closed my dozens account earlier this year, and moved my funds to Freetrade. I was only there for the 5% promotional bonds. I did not invest in the company itself.
The company itself isn’t closing (yet) though, only their B2C business. I never saw Dozens itself as a profit center, merely a dogfooding exercise for Project Imagine. There are lots of building societies for example without their own apps, these guys should be building them.
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This. The building society market is ripe for the taking.
I liked the original idea of Pluto and invested in the first round but the change to being a Pinterest was awful. I felt they were hopelessly naive and had no business model at all when they moved away from the insurance angle - appreciate it was due to covid and all that.
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I’ve noticed that Seedrs investments result in more liquidated startups compared to Crowdcube. I’ve already had 3 successful exits (although small gains) on Crowdcube, while having 7 liquidations on Seedrs. The only exit I’ve had on Seedrs was Seedrs investment itself.
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While I can empathise with your position, in start up terms I don’t think that’s enough of a sample size (and we’re not given any background as to number of investments you’ve made and how long you’ve been invested) to draw any major conclusions. I’m not defending either platform, but you might just have one massive exit or several more liquidations which will skew your personal statistics.
I hope your other investments result in some big wins for you!
Oval Money (Seedrs, 2020) liquidation confirmed that investors in the Future Fund round will get 6p for every £1 invested. Investors into shares (Seedrs, 2019) will get nothing.
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Debt vs equity 
This one is quite something. Love Yourself is a meal delivery company. Their USP is the meals were already prepared rather than having to assemble them yourself like all the other meal kit companies. They have gone insolvent DURING a Seedrs round here: Log In To Invest In Businesses Or Raise Startup Funding . They are advising anyone with outstanding orders to try and get their money back via chargeback
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And Calally goes into administration today too….I really liked those guys. A tough market out there.
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This seems insane! Don’t seedrs hold all the cash and only release it to the company once the round is successfully concluded? In that case Seedrs should be able to return any investments made in this round?
I’ve always thought that crowdcube model where they only take the cash after the round closed was better, and would avoid this kind of situation.
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The chargeback recommendation to customers, not investors. It’s also online on the company website with the same text as in the screenshot of the email posted earlier.
So it’s not related to how Seedrs is handling the monies.
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I realise this is a long time ago but I know some info about GripIt if you are still interested?
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