As Crowdfund Insider reported earlier this week, Fintech Curve became the fastest crowdfunding offering ever to top £4 million on Crowdcube hitting that amount in minutes. Today, the securities offering is completed as 9555 smaller investors funded just shy of £6 million in 6 hours (£5,951,710 – according to the campaign page), according to a tweet from Crowdcube.
Today, we launched one of our fastest ever funded campaigns. In under 6 hours, @imaginecurve raised £6m with 9,591 investors. Here’s to the wonderful. Here’s to Curve! 🎉 pic.twitter.com/MOhEdfFtfW
— Crowdcube (@Crowdcube) September 3, 2019
The pre-money valuation of Curve was pegged at about £200 million. Crowdcube clarified the terms of the offering for smaller investors:
“Curve recently closed its Series B investment round in which £42,800,810 was raised from new and existing investors at a pre-money valuation of £158,870,400. The crowdfunding raise will be at the same pre-money valuation as Curve’s Series B plus the £42,800,810 already raised as part of the Series B. The maximum individual investment in this raise is £25,000.”
Curve is a Fintech that has garnered solid success in fairly short time frame. The banking service claims more than half a million sign up since February 2018. By allowing smaller investors to join in the securities offering, Curve has enlisted a solid number of individuals that are clearly supportive of the endeavor and desire its success.
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