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Crowdcube powers £100m worth of investments

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Crowdcube claims it is the first company of its kind to cross that particular threshold, while 109 businesses – 14 of which are from outside of the UK – have collectively secured £50m of funding from investors this year alone.

One of the firm’s most notable accomplishments was its work with car parking service JustPark, which secured a record £3.7m in March – despite founder Anthony Eskinazi admitting to Real Business he was reluctant to embrace the alternative finance approach.

“It’s very public, so all my friends and family know how much we’ve raised, and so do suppliers,” he said. “A lot of people aren’t comfortable and I understand why. But we want everyone to know our brand and if they have anxiety about where to park, we want them to think of us.”

Elsewhere, Sugru broke two records during its campaign with Crowdcube, which resulted in a £3.5m investment. 

The mouldable glue manufacturer achieved the largest single equity crowdfunding investment of £1m – while there were 2,700 investors involved overall – and it attracted contributions from 68 countries to make it the most widely backed campaign.

The aforementioned companies are just two of the 20 that have raised more than £1m, with Crowdcube now home to more than 200,000 investors – 70,000 of which have signed up in 2015.

“Funding more than £100m from our growing investor community of 200,000 are significant landmarks for investment crowdfunding,” said Darren Westlake, CEO and co-founder of Crowdcube. “They clearly demonstrate how Crowdcube has the biggest and most active investor community in the world.”

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Demonstrating the diversity of the companies turning to the platform, it was PoweredNow, an invoicing app for trade professionals, which took Crowdcube past £100m when its £350,000 target started overfunding.

Elsewhere, Camden Town Brewery is another success story that has raised £2.4m to build a new site, while the Eden Project banked £1.5m in 20 hours to create new educational developments.

Westlake continued: “Enabling people to invest in some of Britain’s brightest companies, alongside world-renowned venture capital firms and acclaimed angel investors, on Crowdcube is now commonplace.

“Crowdfunding is now sitting alongside venture capital, angel investing and traditional debt financing as a mainstream channel for funding rather than an ‘alternative’.”

The firm drew upon data from Crowdsurfer, which revealed Crowdcube has a 52 per cent share and has provided UK firms with more funding than its rivals have combined.

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