CrowdCanDo an event management, online ticketing and crowdfunding platform, which allows people to sell tickets & confirm the purchase of tickets on a smartphone app, is raising funds and they are doing it on Seedrs.
The equity platform has listed 10% equity of the startup for £22,000. To date the company is over 80% of the way there with three weeks left on the campaing. CrowdCanDo has garnered investments from 93 registered investors.
The Exeter, England based CrowdCanDo plans on making it possible to crowd fund easily for anything you can sell tickets to attend an event. The process can limit the financial risk for event organizers. Users of the platform will be able create and manage their own virtual box office. The platform is targeting both free and paid events. Fixed and flexible funding are options – all managed by the project organizer.
The site is still work in process and it is impressive the number of investors who have invested in the startup company. The offering is qualified to take advantage of the SEIS tax benefit which mitigates much of the investment risk.
The estimated value of the British events industry is around £36.1 Billion which is pretty significant. This number is expected to grow too £48.8 Billion by 2020. So CrowdCanDo has a pretty sizeable opportunity for growth in a market that size.
The site is prepping for their beta launch and has opened up to early adopters. While there are multiple platforms operating in North America it appears this may be the first platform offering this type of crowdfunding service in the UK. Reportedly the site is prepping for official launch in 2014.
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