The fresh investment follows an earlier injection of £6m into the online firm in 2015, taking Woodford’s total investment to £10m.
The latest injection of capital came through Woodford’s Patient Capital Trust and the Omnis Income and Growth Fund.
Seedrs CEO Jeff Kelisky said the investment would allow the firm to deliver its “next stage of growth”.
“Seedrs will use the capital to launch new product capabilities that will materially increase liquidity and return potential for investors and businesses; build out increased sales and marketing efforts; launch a select set of strategic partnerships; and massively scale campaign execution through automation, machine learning and AI,” he added.
Woodford is one of nearly 1,000 investors involved in the crowd funding for Seedrs following a previous two raises in 2013 and 2015.
It follows a tricky time for the famous fund manager after several holdings saw their share prices fall.
In August Provident Financial lost 70% of its value in one morning after issuing a profit warning and losing its CEO.
He has also jumped to defend the beleagured Allied Minds, an intellectual property firm that has also suffered continual blows throughout the year.
The investment in Seedrs, an online platform that acts as an intermediary allowing investors to support new businesses by crowd funding, signals Woodford is still one to make bold calls.
