Member Article

County Durham firm makes use of its own platform to crowdfund expansion

Growth Capital Ventures, the financial services and technology firm behind GrowthFunders, is funding its expansion plans through its own crowdfunding website.

Formed in July 2013, Growth Capital Ventures launched its first platform, an equity crowdfunding and co-investment marketplace GrowthFunders, earlier this year.

In just a short space of time, the platform has 90 businesses in the pipeline who will be looking to raise in excess of £20 million over the course of the next 18 months.

Growth Capital Ventures aims to raise £150k which will allow the firm to build upon the launch of GrowthFunders including the introduction of further platforms.

Craig Peterson, chief operating officer at Growth Capital Ventures, said: “The financial services market is changing beyond all recognition and growing at a rapid pace.

“The growth of financial technology - or FinTech, as it’s known - has been huge in the last year and it is growing faster in the UK than in any other market in the world.

“Advances in technology mean that new and disruptive businesses are now entering the financial services marketplace with something worthwhile to offer: innovative, streamlined and cost-effective solutions that are changing the face of the funding and investment marketplace.”

This was posted in Bdaily's Members' News section by Ellen Forster .