Crowdfunder Gets £150,000 From NESTA via Crowdcube Campaign

Only a few days before UK’s leading crowdfunding network Crowdfunder launched its own £500,000 campaign on Crowdcube, the website announced that charity NESTA is the first to pledge towards the equity fundraiser with £150,000.

Crowdfunder

NESTA previously provided grand funds towards Crowdfunder as an early stage partner and has supported the development of the organization since 2012 throught he Cabinet Office Innovation and Giving Fund.

Managing director of Crowdfunder Phil Geraghty said;

“Things have been getting quite exciting here at Crowdfunder, we have recently been confirmed as the number one reward-based crowdfunding platform in the UK, and now we are launching our own equity campaign.”

He continued,

“Crowdfunder makes a great investment because we are a digital high-growth business in a fast growing market, but also we are really proud of the social economic impact that we have having across the UK. In particular, we welcome the support we have received from NESTA in helping us crowdfund the future.”

Phil GeraghtyThe PF.it Ltd. owned website has to date raised over £1.5 million for over 4,000 projects, ranging from businesses, charities, communities and social enterprises and grown by a factor of 15 in the last 12 months. A report from The Crowdfunding Center this month revealed that Crowdfunder has more projects than all other UK platforms – challenging global giants Kickstarter and Indiegogo on UK soil. Crowdfunder also has an Enterprise Accelerator Partnership with Plymouth University.

Vice-Chancellor and professor of Plymouth University Wendy Purcell stated,

“The University would like to congratulate Crowdfunder on the launch of its campaign. This truly is enterprise in action, and as a founding partner, we’re thrilled to see their progress in becoming the UK’s leading crowdfunding platform, and the way they’re working in partnership with some of the UK’s leading innovation charities to create real socio-economic change.As a University with unparalleled involvement in the economic development work that is taking place across the region through GAIN and City Deal, we recognize the value of the funding stream they provide to help turn ideas into start-ups.”

Crowdfunder.co.uk is seeking£500,000 for 10% equity in the company.


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