Crowdcube platform smashes Brexit uncertainty with 'record breaking' investment deals

Crowdcube has revealed a ‘record-breaking’ year for overseas businesses raising funds.

Despite Brexit uncertainty, investment into businesses overseas is said to have doubled since 2018.

E-bike maker Cowboy - backed by Index Ventures - has risen to €3.5m just five days into its campaign.

In 2019, Crowdcube’s overseas raises drew in €26.6m, which marked a 100 per cent hike from 2018.

Over 4,500 people also backed Bnext, a Spanish challenger-bank, which stands in second place.

Pepe Borrell, head of international fundraises at Crowdcube, said: “The sensational year-on-year growth of our international operation shows how equity investments are shifting from the local to the global.

“We welcome the move by European regulators to bring in ground-breaking legislation in 2021, aimed at growing capital markets and which is sure to feed financing for entrepreneurs.”

Adrien Roose, CEO of Cowboy, added: “The phenomenal response from our community to Cowboy’s raise shows how people are fired up about e-bikes and their potential. With the support of Crowdcube, we know we’re onto great things.

“Transforming urban mobility is our mission, and we look forward to 2020 and to cities with better air, safer roads and finely designed transport.”

Crowdcube is said to be the world’s largest equity crowdfunding platform, and was founded in 2011.

Businesses that have raised with Crowdcube include: Monzo; Revolut; BrewDog; Cocoro; Freetrade; Garage Beer; Pip & Nut; Mindful Chef; Mr & Mrs Smith; and Grind.