Prosper Tops £700,000 on Crowdcube

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385.

According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with an initial hurdle of £600,000. The current amount raised includes £550,000 already raised. Deal terms are the same.

Prosper CEO Nick Perrett issued a statement via a release on the funding round:

“We were blown away by the incredible support of our investors. Beating our £600,000 target in just 4 hours and now closing on £750,000 – before we’ve even opened to the public – is a fantastic endorsement of the team and proposition we have built. I’m excited now to open this offer to the public!”

The Wealthtech touts the founders’ and early investors’ backgrounds. Early shareholders include Tom Blomfield, founder of Monzo; Matt Cooper, co-founder of Capital One; Phil Bungey, former COO of robo advisor Nutmeg; as well as the founders of other Fintechs, including WorldFirst, Embark, Azimo, Tandem Bank, and others. The company has raised £3.2 million from Blomfield, Delingpole, Cooper, MMC, and Connect Ventures.

Prosper aims to provide a superior investment app for savings and securities as well as alternatives. Prosper says it is incorporating AI into its platform.

Prosper estimates that their target customer market has £6.9 trillion in investible assets.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote



Send this to a friend