LONDON – Crowdfunding platform Seedrs announced on Thursday that it has appointed a new CEO after an 18-month search.
Jeff Kelisky, who joined Seedrs as COO in January, is being promoted to run the business. Jeff Lynn, who cofounded the company and served as CEO for five years, is becoming executive chairman.
Kelisky’s promotion comes after Lynn asked the board to find his replacement early last year, Seedrs said.
The company said in a press release: “Lynn told the Board that as Seedrs moved from its startup phase to being a true scaleup, he felt it would benefit from having a CEO who had already led a successful, high?growth transformations in technology-driven businesses.”
Kelisky previously served as CEO Fidelity-backed image capture tech company Picsolve. His CV also includes stints at Microsoft and IBM.
Lynn, whose background is law, said in a statement:
“Jeff Kelisky is going to make an outstanding CEO, and I cannot fathom placing the company’s leadership into a better pair of hands. Meanwhile, I am very much looking forward to serving as Executive Chairman, where I will have the chance to focus on major initiatives where I feel I can add most value to the business, and indeed where I can support and learn from Jeff’s leadership as the company pursue aggressive growth in the months and years to come.”
Lynn remains “fully committed” to Seedrs, the company said in its release.
“I feel privileged and delighted to lead our incredibly talented team at Seedrs on our very bold mission. We have a track record of delivering many firsts to market in aligning the interests of smart investors and ambitious businesses in equity crowdfunding – and this is only the beginning. With the products and services in our pipeline today, I look forward to accelerating on that success and continuing Seedrs’ unique dedication to quality, transparency, and service to its fast growing customer base.”
Seedrs, founded in 2009, allows ordinary people to invest in early-stage startups. Over £230 million has been invested over its platform, covering 510 deals. The company is backed by star City fund manager Neil Woodford and world tennis number one Andy Murray, among others.