Crowdfunding site Crowdcube celebrates £500m investment milestone
Equity crowdfunding platform Crowdcube has hit the £500m mark in pledged investment.
Celebrating the milestone today (August 17), the company said it has so far seen 700 raises for companies ranging from startups to sizeable scaleups – including fintech firm Revolut, digital bank Monzo and multinational brewery BrewDog.
Participation in its campaigns is up among venture capital firms, with VCs including Balderton, Index Ventures, Passion Capital and Draper Esprit having all backed raises on the platform.
But the majority (60%) of investment on Crowdcube comes from high net worth individuals and experienced investors.
Through international partnerships with SeedInvest (USA) and the launch of an office in Barcelona, Crowdcube is working to expand its reach internationally.
It has attracted investors from over 100 countries. So far this year, more than 13% of investments have come from overseas.
Crowdcube co-founder Luke Lang said: “We can see that investor demand is continually growing, with over £95m of the £500m pledged being invested in 2017 alone.
“Two record quarters mean we’re on track to exceed that figure by some margin this year.”
He continued: “Driving this growing demand from investors is the increasingly diverse range of businesses who are choosing to fund on Crowdcube – from early-stage startups to growth companies with widely-recognised brands.
“We’re connecting investors with growing businesses across the UK and overseas, in a way never previously possible; that is exactly what Crowdcube set out to do.”
Crowdcube is based in Exeter. The company was founded in 2011.