Republic, a U.S.-based private investment platform, has agreed to acquire Seedrs, a European online private investment platform. The deal is worth approximately $100 million and will create a global private investment marketplace offered across North America and Europe.

The two firms have sustained a partnership over the last four years and have enabled firms to co-raise on both platforms to reach a greater number of investors.

The deal will allow Republic to rapidly expand its presence into Europe while also expanding Seedrs reach to allow for new innovation and products for European investors.

“We share a similar culture, a common goal, and a commitment to the strategic opportunities that lie ahead,” said Jeff Kelinsky, CEO of Seedrs. “We have great admiration for the teams at Republic, and together we can accelerate our plans to create a powerful global private investment marketplace that will transform the finance ecosystem and the communities they serve.”