As previously reported Hab Housing, raising equity on equity platform Crowdcube, was set to become the most funded offering on the UK based platform having surpassed the previous mark of £1.5 Million. The housing developer ‘s offering closed at a raise of £1,904,540 after extending their pitch.
Hab Housing now has increased the number of shareholders by 649 individuals. Investments ranged from £100 up to £150,000.
Crowdcube co-founder Luke Lang stated of the event;
“We’re thrilled that an innovative company such as Hab Housing turned to Crowdcube to help it take advantage of the new market opportunity it has identified. Britain is full of people with great ideas. Crowdfunding is transforming equity finance by giving budding businesses an alternative way to attract investment, through showcasing the opportunity online and inspiring a new breed of angel.”
“We find it gratifying that so many people have joined Hab’s merry band of shareholders. From day one, Hab has been fueled by passion, commitment and vision, and although it has felt lonely at times we now feel vindicated and invigorated by the backing of the people who have thrown their encouragement and financial support behind us. Crowdcube have been an excellent bunch to work with through the funding process, aiding greatly in demystifying the peer-to-peer funding world.”
The offering includes a shareholder perk where investors benefit from preferential terms for a home built by the company. Plans include a projected 5% dividend to be offered by 2016.
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