As we reported last week, Growth Capital Ventures was planning to raise capital via an equity crowdfunding campaign on their own platform “GrowthFunder”. Well the pitch went live and pretty much immediately funded transitioning into over-funding mode. The initial target was to raise £150,000 but as it stands now the funding round has raised £162,500 from 15 investors. With 89 days left to go – there is plenty of time to push that amount higher. Investors are able to purchase shares in the company for as littler as £100. Pre-money valuation was placed at £1.35 million.
— GrowthFunders (@growthfunders) September 1, 2014
We’re delighted to tell you that our Investment Pitch is now live on GrowthFunders and ready to welcome you for a look around. We’re all really excited about this fundraise, as well as the changes and opportunities going on in the financial services marketplace at the moment.
Technology is the catalyst for the marketplace’s evolution and we’re now practising what we preach. By opening our doors for investment and raising capital online using our very own GrowthFunders platform, we will support our next stage of growth. There are certainly some exciting plans ahead.
The UK government, led by Chancellor George Osborne, has seen a strategic opportunity to build upon a solid foundation of financial innovation. Osborne, and others, want the United Kingdom to lead the world in FinTech – which includes investment crowdfunding.
GrowthFunders is an online investment platform that wants to differentiate their service from other platforms by providing an end to end support process through the entire funding project. The portal works with entrepreneurs prior to funding, during and post funding.
GrowthFunders is managed by CEO Norman Peterson and COO Craig Peterson. Both possess extensive backgrounds in finance.