Businesses must reach their targets on Seedrs within 40 days, and if they do not, all investors receive their money back. However, if a business hits its target before the 40-day period is over, it can accept additional investment – in exchange for additional equity – if it so chooses.
We call this overfunding, and investors who invest during the overfunding period do so on the exact same terms as other investors. The amount of equity increases relative to the overfunded amount.
Please be aware that a business is under no obligation to accept any funds invested during overfunding as this will mean relinquishing more equity than originally offered.
We will let you know if a business has chosen not to accept your overfunding investment via email, and we will refund your payment to your Investment Account.