What is SeedUps Canada?
SeedUps Canada is a Crowdfund investing platform where ordinary investors can invest in great companies offering investments in the Exempt Market.
Who can invest in Opportunities on SeedUps Canada?
Investors must meet certain investor qualifications to review, evaluate and invest in pitches posted to SeedUps Canada. The types of investments, the size of your investment and your ability to invest are based on investor definitions outlined in National Instrument 45-106, Prospectus and Registration Exemptions. Our investors are categorized as accredited, eligible and ordinary investors. When you register, you are required to warrant your investor qualification.
Does it cost anything to join the SeedUps Canada community?
No. It's free to join our community. Just enter your contact information, warrant your investor qualification and list your investment preferences.
Are there any fees when I invest?
No. SeedUps Canada is licensed and operated by Waverley Corporate Financial Services Ltd., (Waverley), an Exempt Market Dealer registered in QC, ON, AB and BC and you will be required to complete a Waverley client application, validate your ID and submit proof of your investor qualification and your suitability to invest in your chosen company prior to investing. All fees are paid by the company you are investing in.
How do I send you funds?
SeedUps Canada is an all or nothing funding model. This means the company must raise their minimum target within a 90 day listing period. Funds are transferred via direct debt through Vogogo, a secure bank to bank service provider and held in escrow until the company has reached its funding target. The transfer of funds to the company only takes place after the offering has been fully subscribed.
Where is SeedUps Canada located?
SeedUps has platforms in Canada and other jurisdictions Our offices are listed on the Contact Us page
How do we get started?
Start by registering as an Investor, create a profile, set investment preferences and tell us how much you would like to invest in private company securities. Submit your profile and engage with other investors to evaluate the pitches posted on SeedUps Canada.
How do I invest?
When you have evaluated the opportunities and found a company that interests you, simple click on Invest to advise the amount of your investment and complete the documentation in an easy online environment. You can share your investment choice with your social networks and follow the company’s fundraising progress.
What is an Opportunity SnapShot?
An Opportunity SnapShot™ is an overview of each company’s pitch that provides you with an informed outline of the business. It includes information about the problem, the solution, the market and some financial forecasts.
Can I ask for additional information from the companies?
Yes – you can engage in a dialogue with the company management and ask any questions you feel will help you evaluate the investment opportunity.
Is there a time limit for funding?
Yes. All opportunities are listed for 90 days. This allows a reasonable time-frame to market the opportunity and enables a constant flow of fresh opportunities through the pipe-line.
What method of funds transfer do Investors use?
Investors transfer funds directly through Vogogo, a secure bank-to-bank payment service provider. The funds are deposited into an escrow account until the Company’s funding target is met and legal counsel has completed the closing process.
When do you withdraw my funds?
Funds are withdrawn from your account when you decide to invest in the company and are held in an escrow account until the funding target is met and the legal firm has satisfied all closing requirements including share certificate distribution and disbursement of appropriate fees. If the funding target is not met, your funds will be returned to your bank account.
What happens when the funding round is over?
You monitor your investment with our portfolio tools. You can come back at any time to invest more funds if your investor qualification allows you to do so.
Who can view my profile?
Any registered user can view the information you chose to be viewed by the community.
Does SeedUps Canada share my personal information?
How do I verify my SeedUps account?
After signing-up, you will receive a confirmation email. Click on the link in the email to verify your account.
I never received a confirmation email after I signed up. What do I do?
Sometimes our emails go to SPAM/Junk folders. Add firstname.lastname@example.org to your address book to prevent this. If that doesn't work, please email us at email@example.com.
I forgot my password. What do I do?
Don't worry. Go to the Forgot Password page and we'll email you a temporary password. If that doesn't work, you can always email us at firstname.lastname@example.org.
How do I cancel my registration?
If you would like to cancel your registration and remove your profile, you can do so by going to the Close Account section of your profile. You will be required to confirm with your password.