According to Harper Macleod, through this partnership, both organizations will co-operate to ensure equity crowdfunding is considered as part of the funding mix for an increasing number of Scottish growth businesses, for whom it has the potential to be a gamechanger. The law firm also noted that companies who work with both it and Crowdcube may save on the overall cost of conducting their crowdfunding campaigns. Crowdcube CCO Matt Cooper, stated:
“Whilst Crowdcube has helped fund a number of businesses in Scotland, including Ellon-based BrewDog, we think there is a huge opportunity to further support businesses in the country. We’re looking forward to working with the Harper Macleod team to broaden the funding opportunities for entrepreneurs across Scotland.”
Paula Skinner, a Partner in Harper Macleod’s Corporate Team, also commented:
“We’ve been impressed by Crowdcube’s success rate for businesses seeking funding and we know they are committed to bringing more of this success to Scottish growth businesses. That’s why we’re delighted to announce this official partnership. Over the past five years when we’ve been involved in crowdfunds for our clients, the market has matured – you can see this in the figures which show Crowdcube is now the number one source of Series A level funding in the UK.”
Skinner then added:
“Crowdfunding is now a vital part of the funding mix and something we make sure our clients consider. Having this close relationship with Crowdcube will benefit all the people we work with within Scotland’s entrepreneurial ecosystem and I believe it’s another positive step in the constant push to helping our businesses scale-up to the next level.”
Harper Macleod previously worked with Crowdcube to help Scottish businesses embrace equity crowdfunding. The duo hosted events to encourage businesses to use the funding method.