Crowdfunder UK is going through a period of realignment by trimming staff and refocusing efforts. The rewards-based funding platform has been recognized as a solid competitor to global sites like Indiegogo. Crowdfunder UK also offers a unique crowdfunding spin with their “community shares.”
Recently, Crowdfund Insider was notified that Crowdfunder UK had let some staff go as part of a possible reorganization. We reached out to the platform to inquire as to the status of the UKs most prominent rewards platform. A Crowdfunder UK spokesperson told us:
“Crowdfunder has enjoyed a year of high growth in 2016: over £15million was pledged on projects compared to £7 million in 2015. To date we have helped raise over £30 million for businesses, social enterprises and community projects across the UK. “
The spokesperson explained they had “re-focused’ efforts on more promising aspects of their platform without providing additional details:
“As with any fast growing business, we have been developing our platform and business model to adapt to the emerging needs of our projects and partners. We have remained agile and re-focussed our resources on areas that show strong signs of growth and reduced roles in other areas.
Putting a positive spin on things, Crowdfunder said expectations for the coming year were bright:
“2017 now looks really exciting for us: we are continuing to invest in our technology platform and we have a pipeline of exciting partners, keen to give projects extra funding and support. We’re passionate about making Crowdfunder the best place to make ideas happen.”