Crowdfunding platform Seedrs' first full accounts show losses up 140% to £3.8 million as revenues rise 30% to £1 million;
CEO says losses down to planned two-year investment programme, intended to pay off in 2017;
"We are now on track to nearly doubling revenue in 2017 without a significant up-tick in overheads," CEO says.
LONDON — Crowdfunding platform Seedrs lost £3.8 million on revenues of £1 million last year, new accounts show.
Seedrs' first set of full accounts filed with Companies House show that losses grew much faster than revenues in 2016.
Revenue grew by 30% to £1 million in the year to December 2016 but losses rose by 140% to £3.8 million.