Eureeca

Eureeca Limited (FRN 624555) is an equity crowdfunding platform founded in 2013 by Chris Thomas and Sam Quawasmi. It is directly authorised and regulated by the UK Financial Conduct Authority to arrange investments and safeguard client money, operating under its own FCA licence rather than as an appointed representative.

Eureeca positions itself as a cross-border platform, with public materials referencing activity across 72 countries and a network of 45,000+ investors, and an advertised 82% funding success rate; these are platform-reported figures rather than independently audited metrics. The site carries the standard high-risk crowdfunding warning that investors should not invest unless prepared to lose all capital.

Eureeca lists live equity raises and facilitates investments by individual and institutional investors into growth-stage and pre-IPO private companies. Prospective investors register, review issuer documentation and pledge funds by card or bank transfer; Eureeca handles onboarding (KYC/AML) and share issuance for successful campaigns.

The platform's minimum investment is typically around £100/$100/€100 depending on offer currency. Services are explicitly not offered to US persons — a restriction that follows from past US enforcement action against a separate Cayman entity (see Red flags). Companies seeking to raise must apply and pass a screening process before listing.

Core product: equity stakes in private growth-stage companies, with minimums from approximately £100. Public materials and third-party summaries reference a 7.25% success fee for issuers on funds raised, plus a reported application fee of around US$1,500 (partial refund if the campaign does not list), and a 7.25% fee on investor profits on sale. These fee mechanics should be verified against the current Terms of Business before transacting.

A secondary market has been referenced as planned but is not operational; investors should assume full illiquidity and the need to wait for an exit event (acquisition, IPO or buyback) to realise value. Aggregated, audited historical investor returns are not published.

Aimed at experienced retail and institutional investors who understand the high-risk, illiquid nature of early-stage and growth-stage private equity and who can tolerate total loss of capital. The FCA-regulated status provides conduct and client-money safeguards but does not extend FSCS coverage to losses on the underlying private-company investments.

Strengths. Direct FCA authorisation (FRN 624555) provides baseline conduct and safeguarding controls. The platform's stated multi-jurisdiction reach and large investor base can support primary fundraising for issuers.

Risks. Private-company equity is long-dated and illiquid with a high failure rate at the issuer level. There is no functioning secondary market and no aggregated, audited track record of realised investor returns, which materially limits portfolio-level performance assessment. Cross-border deals introduce variable regulatory protections depending on the issuer's jurisdiction.

Entity confusion. A separate Cayman Islands entity, Eureeca Capital SPC, was subject to a 2014 SEC order for offering securities to US persons and acting as an unregistered broker-dealer. That action was against the Cayman entity, not Eureeca Limited (the UK-regulated platform on the FCA register), but it remains relevant background on cross-jurisdiction compliance controls. Investors should also avoid confusion with unrelated lookalike domains such as "Eureeca.Net".

Disputed status report. A June 2026 third-party "startup autopsy" article asserted Eureeca shut down in 2022. This conflicts with the live website, the FCA register and ongoing listed deals — treat as a disputed claim requiring further verification rather than confirmed fact.

Promotional figures. Platform-reported metrics (success rates, investor counts, country coverage) are not independently audited. Any single-deal yield, IRR or testimonial figures are illustrative for that case only and must not be read as platform-wide or forward-looking performance.