Crowdfunder UK announced on Friday it has extended its second equity crowdfunding campaign on Crowdcube. The crowdfunding platform launched the funding round last month, seeking £750,000.
As previously reported, Crowdfunder UK was founded in 2014 and describes itself as the UK’s number one rewards-based crowdfunding platform. The funding portal revealed it has helped more than 80,000 charities, businesses, and community projects raise funds they need, and enable them to change lives and build communities. Crowdfunder UK also reported it works with M&S, Santander, Virgin, ad 20 local authorities to distribute grants and has plans to increase its share of the £5.6bn grant giving market.
Crowdfunder UK’s achievements include:
- The platform has grown it valuation by three fold. The portal plans to triple the value of the business again by 2020.
- It has raised over £40 million for UK projects. The platform’s goal is to raise a total of £200 million by 2020.
- The platform has over 600,000 members. We’re forecast to have two million by 2020.
- In 2015, the funding portal £1.3 million through its first Crowdcube campaign.
In a recent update, the Crowdfunder UK team revealed:
“We’re really excited about the interest our fundraise is generating and so, due to a large number of ongoing conversations with both existing and potentially new investors, we’ve decided to extend our raise. It will now close in two weeks time.”
Funds from the Crowdcube campaign will be used to grow Crowdfunder UK’s partner network and further develop its reward-based funding portal. Since its launch, the initiative has raised nearly £650,000 from more than 600 investors. It is set to close on November 17th.
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