This week UK based crowdfunding platform Crowdcube touted its best year to date when measured by multiple metrics; Q4 was said to be the most successful quarter in the history of the platform. Crowdcube channelled 166 million euros in 198 capital campaigns for European companies this past year, securing an income of 6.8 million euros, 50% more than the previous year (infographic).
Crowdcube also nabbed 21.6 million euros in 75 capital raises for Spanish companies since 2014, 8 of them – 37% of the total – in 2018. Nanusens technology, part of Inveready and Caixa Capital Risc, starred in the biggest round via equity crowdfunding of a Spanish company in 2018, obtaining 1M euros from 785 investors in November. In May, Geolocation Wave closed a million euro round during its second run on Crowdcube with the confidence of 558 investors.
Readers may also remember the Spanish loan platform Zank, which, after closing two rounds of financing through Crowdcube (of 245,000 euros, in March 2015, and 490,000 euros, in April 2017), announced last March that Fintonic entered its shareholding, generating a positive return for more than 250 Crowdcube investors.
Foreign investment for Spanish companies and global figures
Crowdcube Spain shared additional stats from 2018. Last year, 48% of the investment captured by Spanish companies through Crowdcube came from foreign investors.
“Crowdfund equity platforms have already become the most reliable tool to look for investors and to invest and diversify efficiently and transparently into startups. However, despite having become the investment platform that more money channels for Spanish startups, the sentiment is bittersweet,” explained Crowdcube General Director of for the South of Europe Pepe Borrell. “British companies continue to have it easier when it comes to getting funding from private investors. This is mainly due to a better taxation for British business angels, the absence of the NIE and the possibility of using investment vehicles that give access to tax deductions… Let’s hope that legislative changes will be applied soon in Spain, before the train of opportunity leaves the station.”
Since launching in 2011 Crowdcube has channeled more than 500 million euros into 821 operations for European companies and has successfully closed 115 capital enlargements above a million euros, including financing rounds of Monzo, which secured 20 million pounds from 36,000 investors, joining the 85 million pounds contributed by Accel Partners and General Catalyst. In December, Crowdcube nabbed 10 million euros in its own self-financing round led by Draper Esprit; funding will be used to accelerate its growth and international expansion.
Crowdcube also recently teamed up with investor Green Shores Capital, accountancy firm Deloitte and law firm Linklaters to launch the £500,000 Thrive for Fintech Fund in order to promote financial inclusion.