Equity Crowdfunding site CrowdCube powered the funding effort for inSpiral to achieve their goal of £250,000 in just 16 days. The effort was supported by 120 investors with the last £100,000 raised in just 24 hours. This latest round of Crowdfunding pushes CrowdCube to over £5.5 Million raised to date with over £1.1 Million raised in the last 3 months alone as the popularity of equity Crowdfunding surges in the United Kingdom.
inSpiral which produces a range optimum nutrition snacks including Raw Kale Chips started from a home kitchen and grew to over £1 Million in revenue employing 30 people. Their products are already sold in over 500 stores in the UK and Europe.
The London based business offered 10% equity in the corporation for the £250K with A Shares listed for £25,000.
Growing demand for the inSpiral products necessitated the need for additional capital. The round of funding will allow the company to expand, providing the cash necessary to purchase new equipment and improve production. The owners expect the company will be able to sell their product at a much lower recommended retail price once the efficiencies are implemented
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