If a company reaches its minimum target raise (listed on its profile as ‘Capital required’) it may wish to raise further capital to, for example, achieve another milestone that costs more money, such as expediting plans to break into a new market.
When a company hits its minimum target amount (MTA) and goes into overfunding, the round will remain open for at least a further 14 days. Extensions are at the discretion of the SyndicateRoom team.
The company must have outlined from the outset what its maximum overfunding amount would be – and this will have been agreed with the lead investor – as well as what it would use any additional money towards.
The minimum investment during overfunding is £1,000.
The value of an investment made prior to overfunding will remain the same, as the post-money valuation will go up by the amount invested.