Member Article

High-demand predicted for Crowdcube seven-figure crowdfunding drive

Investment crowdfunding platform Crowdcube is anticipating high-demand for its latest £5m investment round, after announcing that a new round will launch on 18 July.

Members of the public can now register for early access to the FinTech firm’s first crowdfunding round since it raised £5m in just 16 minutes in its last investment drive in 2014, drawing £1.2m from members of the public alongside £3.8m from venture capital firm Balderton Capital.

For this investment round, Crowdcube are to offer the largest ever total shares to the crowd on the platform by publishing a regulator-approved prospectus which will allow them to issue shares above the €5m limit set by the EU.

Co-founder and Chief Executive Officer, Darren Westlake, said: “The UK has a long and proud history as a hotbed of entrepreneurialism and innovation. In just five short years we have firmly established our position as a global fintech pioneer and the UK’s dominant equity crowdfunding platform but we’re not stopping there.

“We’ve got ambitious plans for the future and we’re excited to be able to give the crowd the opportunity to join us on our next exciting phase of growth.”

Westlake was also keen to point out that Crowdcube’s expansion plans will be unaffected by the fallout from the UK’s Brexit vote, with investment actually up since the referendum.

He added: “The UK’s growing investment crowdfunding market, which was estimated to be worth £245 million in 2015, is vibrant post-Brexit, with investment up 18% on Crowdcube after last week’s disappointing out vote it is clear that investor demand to back great British businesses is unwavering.”

Crowdcube are the UK’s leading investment crowdfunding platform and has received £12.8m in backing from the likes of VC firm Draper Esprit and city stockbroker Numis Securities.

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