There is a week left of Watford’s digital equity scheme and so far £3.84m of the £17.5m of shares available have been taken up.

At 4pm this afternoon (Friday), the total amount realised by the scheme was £3,840,427.

The figure that has actually been generated and invested in the scheme can be tracked in real time on the website of Seedrs (seedrs.com/watford-fc), which is the English arm of the American company Republic, who are Watford’s partners in the venture.

The amount in dollars shown on republic.com/watfordfc is higher because it reflects not only the sum actually invested but also adds in commitments/pledges that have not yet come to fruition.

So, although the Republic shows a figure of $6,745,352, that figure includes money that has not yet actually been invested.

It means there is roughly £1.42m which has been pledged to the share issue, but not actually been received – and it may not ever actually materialise as a pledge is not a binding investment.

The £3.84m raised so far has been generated by 2,742 investors, meaning the average amount invested by each investor is around £1,400.

When the scheme was launched at the start of June, Watford offered the chance to purchase up to £17.5m of shares, which represented 10% of the club’s valuation.

After a flurry of activity in the first fortnight, new investment in the weeks since has slowed significantly, meaning 98% of the funds raised arrived in that first two weeks.

Similarly, the number of new investors has also dipped since the digital equity offer was launched early last month – more than 90% of those who have invested did so in the 14 days after the offering was launched.

For UK investors purchasing shares via Seedrs, the price per share has been set at £12.44 and the minimum investment is four shares totalling £49.76.

For accredited investors in the United States and international investors purchasing shares via the Republic platform, the minimum purchase amount is eight shares totalling £99.52.