Following the closing of its latest equity crowdfunding round, the team at Crowdcube announced they have successfully secured over £8 million from more than 3,700 crowd investors.
Last month, Crowdcube launched the campaign and due to the size of the funding round, the equity crowdfunding platform had to file a prospectus, which indicated Crowdcube was willing to raise up to £12 million by issuing new shares. Crowdcube has helped to fund over 350 different businesses for a total of over £160 million – 39 crowdfunding rounds were £1 million or more. Crowdcube is now the most active equity investor in the UK.
The crowdfunding platform’s team shared their thoughts on the campaign.
“Thank you to more than 3,700 crowd investors, alongside prominent venture capital firm Balderton Capital, for collectively investing over £8 million in growth capital in our business, the UK’s leading equity crowdfunding platform. This is more than double the previous record for the largest equity crowdfunding raise on a UK platform, also on Crowdcube, of £4m for goHenry in June 2016. Long-term venture capital backers Balderton Capital invested £1 million in this latest round, in what is its third investment into the fintech company.”
They also noted:
“The news could well stun some industry commentators who predicted that Brexit would all but destroy funding for promising fintech businesses. Crowdcube has played a key role in cementing Britain’s position as a global fintech leader, and this shows that investors’ appetite for backing ambitious British businesses seeking growth capital remains as strong as ever. We’ve shown that ambitious later-stage British businesses can raise serious amounts of growth capital on Crowdcube. Our record-breaking £8 million raise, which is the 41st fundraise over £1 million in our history, is yet another watershed moment that will help us execute our plans to pioneer secondary liquidity for investors, whilst facilitating larger rounds to fund the growth of Britain’s ambitious businesses. As we embark on Crowdcube’s next stage of growth we’re excited for the future and pleased to have 3,700 new investors join us on the journey.”
The team then added this is the fourth time that the funding portal has raised funds from its crowd, which currently has nearly 300,000 investors.
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!