7 years ago

Crowdcube Secures £8.5 Million Funding Led by Draper Esprit

  • Crowdcube, a UK-based equity crowdfunding platform, has raised £8.5 million in funding led by Draper Esprit, with participation from Channel 4 and Balderton Capital

  • The funding will be used to accelerate growth and drive towards profitability in 2019

  • Crowdcube is also launching a crowdfunding campaign on November 14th to supplement the institutional investment

  • The company achieved a record quarter for revenue in Q3 2018, reaching £1.6 million, a 60% increase year-over-year.

      • ProblemTechnology

      "Businesses often struggle to raise capital, especially startups and early-stage companies. Traditional funding methods can be slow, expensive, and inaccessible to many businesses."

      Solution

      "Crowdcube provides an online platform for businesses to raise funds from a large network of individual investors. This allows businesses to access a wider pool of capital and potentially raise funds more quickly and at a lower cost than traditional methods. "

      Covered on