Last month, reward-based crowdfunding platform Crowdfunder UK completed its latest equity crowdfunding round on Crowdcube with more than £1.2 million in funding from nearly 1150 investors. This campaign was launched just a couple of years after the funding portal raised £1.3 million through its first Crowdcube campaign. Now, Crowdfunder UK’s MD, Phil Geraghty, is ready to share more details about the campaign.
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. To date, 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.
During his latest interview, Geraghty stated:
“We are extremely proud to be owned by the Crowd and already had over 1,000 shareholders prior to our most recent fundraise. We wanted to offer more people the opportunity to join us on our journey, and are delighted to now have more than 2,000 investors alongside us every step of the way. In this most recent equity fundraise, some of our cornerstone shareholders, such as Creative Englandand Nesta, re-invested and were joined by Broody, the business incubator and accelerator that is backed by leading London based advertising agency Mother. Broody agreed a deal to acquire a 5% stake in Crowdfunder and we are really looking forward to collaborating with these strategic investors as we move to a new stage of growth.”
Geraghty noted that the funds from the latest round will go towards supporting key growth drivers, including helping more projects, getting supporters to pledge more and getting more partner funds to projects. In regards to Crowdfunder UK’s future, he added:
“We are passionate about ideas that might just change the world, and we can already see the Crowdfunder community working on re-imagining how we take control of the kind of world that we want to live in. Throughout 2017, we helped hundreds of great projects to raise the funds that they need to begin tackling issues in their community, such as poverty, education and unemployment, but because of the rising figures and ever-growing problems, we know that there is more to do. A lot of the projects that we have worked with are entirely replicable, and we think that every town could benefit. So, what we really want to do next is to crowdfund every town in the country. It sounds like a big dream, but why not?”
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