As previously reported, Crowdfunder boasts a community of more than 600,000 users and has worked with more than 80,000 projects since launch. In the past three years, Crowdfunder has raised approximately £40 million and says it is EBITDA positive. The platform’s goal is to disrupt the £5.6 billion grant making sector in the UK and to raise a total of £200 million by 2020. It is interesting to note that Crowdfunder has topped global platforms such as Indiegogo and Kickstarter – both of which have a presence in the UK. While sharing more details about the campaign’s success, Phil Geraghty, Managing Director at Crowdfunder, stated:
“As a crowdfunding platform, we are very proud to be owned by the Crowd – we know that when the Crowd comes together, great things can happen. We are delighted to already have over 1,000 shareholders from our last fundraise, and we want more people to join us on our journey… We are dedicated to continue building some ground breaking tools for our project owners so that they can raise more money, engage with more people and have the biggest impact possible.”
Last week, Broody, a business incubator, reportedly picked up a 5% equity stake in Crowdfunder UK. Andy Medd who is a Mother partner and co-founder of Broody commented on the investment:
“Crowdfunder’s mission to support social enterprise is a significant reason for our involvement because Broody and Mother are committed to contributing positively to culture and society. Crowdfunder, through their work with M&S, Santander, Virgin and local authorities have shown there is huge potential to access new sources of funding beyond the crowd.”
All funds from the campaign will be used to continue growth and development of Crowdfunder UK’s platform.
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