Crowdfunding platform Crowdcube has released some interesting statistics for 2013 demonstrating the growing power of investment crowdfunding and the growth of their platform. The site processes over 1000 investments per month with repeat investors (60%) representing the bulk of transactions as investors spread their risk applying portfolio diversification. The equity portal has maintained an approximate velocity of five funded pitches each month.
They shared the additional statistics:
- More than 50 businesses funded in 2013 (83 businesses in total since launch)
- £11.7m raised so far in 2013
- 50,000 registered investors
- Over 1,000 investments per month
- 60% of investments are from repeat investors
Quoting an article on the Telegraph, Crowdcube notes the leaders in the equity crowdfunding industry have raised an estimated £20 Million (over $32 Million) since operations commenced in 2011.
Crowdcube the platform which was first out of the gate has captured the bulk of these transactions. The company just recently surpassed £16 Million in total funds raised. Their largest raise to date is Hab Housing which raised over £1.9 Milion a title which most certainly will be beaten soon enough as the overall industry, and acceptance of the asset class, continues to grow in the United Kingdom.
The United Kingdom continues to lead the world, in many respects, for the equity crowdfunding industry especially while they “(have) stolen a three year march on the US, which is still bogged down in regulation and is not expected to permit equity crowdfunding until spring 2014″.
Crowdcube recently announced a massive expansion into multiple countries as they continue to scale their approach to generate a path to profitability.