On Thursday, Crowdcube not only announced its equity crowdfunding platform surpassed its £250 million investment milestone, it also welcomed its new investor, GuanQun Investment. According to the funding portal, the China-based investment firm has already invested £1 million into its London arm. The Crowdcube team revealed:
“GuanQun Investment has backed Crowdcube after performing an extensive review of the UK crowdfunding sector – which highlighted Crowdcube’s dominance in the market, unrivalled expertise, and scalable growth potential. GuanQun identifies game-changing startups and growth stage businesses that aim to change people’s lives for the better. Their goal is to help them grow and, through the innovations created by them, enrich the lives of others. Our warm relationship with our friends at GuanQun Investment will also see Crowdcube well-positioned to explore exciting and untapped opportunities in China. The investment from GuanQun has improved our cash position by £1 million, helping us to continue with our growth and expansion plans. This includes growing our investor network, providing unrivalled investment opportunities and delivering investor returns.”
Crowdcube confirmed that £320 million has been invested through the platform, with over £250 million being successfully invested into 545 raises to date. The platform also noted it recently grew its community to over 410,000 members and continue to firmly plant its position in Europe.
Crowdcube went on to note other second quarter highlights
- Six businesses successfully raised over £1 million, including Vita Mojo, Sugru, Zzish, Tribe, The Chapar and WiseAlpha
- Vita Mojo raised the most, securing a staggering £3.2 million
- Over £4 million has been invested through its IOS app
- Three Crowdcube Funded Club businesses provided returns to shareholders