MoveGB, an online fitness marketplace, is set to close its equity crowdfunding round on Crowdcube with more than £1.2 million in funding. The campaign was launched last month, with a funding target of £1 million. As previously reported, MoveGB was founded in 2013 and has more than 6,000 activity providers and 350,000 registered users. The platform claimed the third fastest growing UK business in 2017’s Deloitte Fast50.
“MoveGB is a purpose-driven business set to expand across the UK & rest of the world. We are grateful for the partners & members that have been part of the journey and wish to offer the opportunity for our community and the public to be a part of our success story by becoming a shareholder alongside institutional investors.”
MoveGB went on to reveal that it has more than 2800% increased its value from 2013-2017 as well as had a 5.6 million annual revenue (with 2.9 million annual revenue from Bristol alone). The platform has also provided for 10% of the total active population in Bristol, with over 800 activity providers.
Funds from the Crowdcube round will be used to continue the growth and development of the MoveGB platform. The campaign is currently set to close next Thursday.
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