This week, Crowdcube caught up with Pod Point’s founder, Erik Fairbairn, to discuss why he decided to back the equity platform’s crowdfunding platform, which has so far raised £6.7 million from nearly 3,200 investors.
POD Point turned to the crowdfunding method in 2015 and first captured £1.5m through Seedrs in March and successfully secured over $1.8 million on Crowdcube in December. The funds from each initiative are being used to develop products and grow the sales team.
Speaking about his involvement in Crowdcube’s funding round, Fairbairn stated:
“As an entrepreneur I can really see the positive impact Crowdcube is having on the UK’s entrepreneurial market. London is now a real hub for tech businesses and the UK is catching up with Silicon Valley, crowdfunding has played a fundamental part in that journey. I decided to invest in Crowdcube as it provides an opportunity to invest in something that’s fundamental to the UK’s entrepreneurial endeavours. I know the senior team at Crowdcube and they’re doing a great job, for the right reasons and I wanted to support that.”
He also commented on crowdfunding’s growth and development in the UK:
“If your business has a loyal customer base crowdfunding, like no other form of investment, provides a great way to raise finance with the added benefit of being able to engage with your customers. For us, raising finance on Crowdcube provided a great opportunity to work more closely with our customers, get their support to help expand the business and let them share in our successes.”
Crowdcube was the first equity crowdfunding platform to launch in the UK. Since then, the equity crowdfunding platform has secured over £160 million for over 350 businesses.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!