UK based equity crowdfunding site CrowdCube surpasses £5,000,000 in funds raised. This amount represents
- 39 businesses funded
- £2,547 average amount invested
- 30,239 members
Crowdcube was established in 2011 and claims their platform as the first crowdfunding site to allow ordinary people invest in start ups or growing businesses. Celebrating their 2nd anniversary, Crowdcube estimates their platform has aided in creating or saving almost 1000 jobs to date.
Tax Incentives Are Important
Many investors using Crowdcube may leverage existing tax relief of up to 50%. Darren Westlake, CEO and co-founder of Crowdcube commented:
“The UK has some of the best tax incentives in the world to stimulate equity investment into start-up and early stage businesses. Investors are savvy about these tax breaks and it is clearly an important factor when deciding where to invest.”
Over £3 Million has been raised over the past 12 months. Twenty-two per cent of people who have invested through Crowdcube have done so in multiple businesses with the largest portfolio including 22 different investments.
See infographic below