PrimaryBid is pleased to announce a successful fundraising of £750,000 sourced through its proprietary funding platform for Mayan Energy Ltd.
This contribution from PrimaryBid, its largest fundraising since the site went live in 2015, forms part of a larger fundraising of £1.25 million for Mayan Energy through its broker, Cornhill Capital.
PrimaryBid has sourced more than £3.7 million of capital for AIM companies since the site went live with demand continuing to grow on the platform. PrimaryBid users are actively “watching” 50% of all AIM companies and more than 80 different AIM companies have received live bids totaling more than £50 million worth of potential equity value.
Commenting on today’s announcement, Dave Mutton, COO, PrimaryBid said:
“We are delighted to have completed our largest fundraising to date, raising a further £750,000 for Mayan Energy, building on the £100,000 raised in September this year. Our ability to source untapped pools of equity for AIM companies continues to be attractive to both issuers and brokers, broadening access to primary share placings for investors.
“Our strong momentum in 2016, having successfully completed 12 transactions, proves PrimaryBid is having a real impact on the funding strategies of AIM companies and democratising the traditional bookbuilding process associated with fundraising.”