Crowdcube, one of the leading UK investment crowdfunding platforms, recently announced it has celebrated a new milestone: now having one million members. The funding portal reported its community has made more than 800,000 investments, with £1 billion having been invested in campaigns.
Founded in 2010, Crowdcube describes itself as a platform for entrepreneurs of start-ups and growing businesses to connect with potential investors.
“Dedicated to helping UK-based entrepreneurs raise finance to start or grow their business, Crowdcube gives investors real equity in the companies they fund.”
Crowdcube also noted that on average, investors have five businesses in their portfolios, and one avid investor has made 490 investments in total. The funding portal further revealed:
“One of our most proudest accomplishments at Crowdcube is that we’ve democratised investment, making it accessible from everyday investors to angels to institutions and VCs, offering a diverse range of opportunities that anyone (over the age of 18) can invest in, from just £10/€10. However, these figures are still showing a big investor gender gap, and there’s still so much more we can do to spread awareness and redress the balance.”
In regards to investment trends since the COVID-19 pandemic began, Crowdcube added:
“We’ve seen communities rally behind businesses, with 94% of investors thinking it is important, now more than ever, to support businesses they believe in, despite Covid-19.”
Along with the milestone, Crowdcube and Seedrs announced a proposed merger that would create the dominant online capital formation platform in the UK. Seedrs reports about £985 million in total investments with Crowdcube over £1 billion.
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