OREANDA-NEWS. PrimaryBid, a leading online funding platform that enables investors to gain access to placings of AIM-listed companies, is pleased to announce its latest successful fundraising of GBP 50,000 (conditional on shareholder approval) through its proprietary funding platform for Imaginatik plc.

This contribution from PrimaryBid forms part of a larger proposed fundraising of approximately GBP 2.1m for Imaginatik through its broker, finnCap.

This is the second fundraising this month in which PrimaryBid has contributed through demand from its members, demonstrating the increasing traction of the platform and its growing user base.

Demand on the platform continues to grow with approximately 50% of all AIM companies being actively "watched" by PrimaryBid Users. In addition, more than 80 different AIM companies have received actual bids totaling more than GBP 46 million worth of potential equity value, since the launch of the platform in March 2016. 

Commenting on today's announcement, Dave Mutton, COO, PrimaryBid said:

"This is another excellent example of PrimaryBid's ability to work alongside an AIM company's broker and to add value to a primary share issue by tapping into the demand from our members on the platform.

It's exciting to see the growth in demand and diversity of bids on the platform. With a growing number of companies receiving bids, we expect more transactions to take place allowing even more private investors the opportunity to participate in primary share placings in the future."