Crowdcube, a top European investment crowdfunding platform based in the UK, is reporting that even during the COVID-19 crisis investment metrics remain strong.
In a blog post today, Crowdcube stated:
“May [2020] saw an increase in investment activity at Crowdcube, with it reaching a lockdown high of £15.2m, more than double the amount in March when the pandemic was declared. Standout raises from the likes of Freetrade, which raised £7m, and more than 23,000 investments into campaigns in May has shown that investors are still eager to back businesses they believe in through Crowdcube, despite Covid-19.”
“Pledged investments” came in at £7.3 million in March. In May that number more than doubled. Crowdcube said that the solid performance in May was down slightly (10%) versus the same month year prior. Crowdcube added that the support and flexibility provided to issuers has helped to keep the investment platform generating capital for early stage firms.
Crowdcube said they have completed 60 successful raises since the beginning of March with Fintech firms doing well but startups and scaleups in other sectors, like healthcare and cleantech, are doing well too.
Crowdcube stated last month:
“Although this has been a really tough time for UK SME’s, it is clear that both founder and investor confidence is returning.”
