Crowdcube Raises £4.4 Million in First Half of 2013 – accelerates by over 500%

"In the first five months of 2013 it raised £4,400,000 for 20 businesses compared with £840,000 for 11 pitches in the equivalent period of 2012."  Photo Source: CrowdCube

“In the first five months of 2013 it raised £4,400,000 for 20 businesses”
Photo Source: CrowdCube

The Crowd raises £4.4m in first half of 2013 versus £2.7m for whole of 2012

Exeter, UK – 5 June 2013: Crowdfunding is taking off as an alternative source of finance for British entrepreneurs judging by the acceleration in funding that the world’s first equity-based crowdfunding platform, Crowdcube, is experiencing. In the first five months of 2013 it raised £4,400,000 for 20 businesses compared with £840,000 for 11 pitches in the equivalent period of 2012.

Luke Lang, co-founder of Crowdcube says, “That’s a whopping 524% increase and we’re only at the start of June! In fact, we funded 25 pitches for a total of £2.7 million during the whole of last year – that’s a huge leap and we’ve smashed our targets.

It’s fantastic to see the model taking off like this in the UK. We’re excited about the next phase of our growth at home and abroad.”

Crowdcube, which pioneered equity crowdfunding, funded nearly £3.5m in the last two months (April and May), with eight businesses reaching their targets in May.”

14 of the 25 successful pitches this year were for £100,000 or more. The top pitches in 2013 to date are:

• In May, Crowdcube raised £1.5 million in just three days from 256 of its members. This set a new world-record for the biggest equity crowdfunding deal. The capital is being used to expand internationally, to recruit more staff and to ramp up its marketing activity.
• The Rushmore Group, owner of three members’ clubs in London, secured £0.5 million investment from 72 investors in April. This was the third time it had used Crowdcube, having previously raised £1.5 million in November 2011 and January 2012.
• Lawbit, an online legal service providing simple contracts for small companies, acquired nearly £400,000 from 177 backers in May.

Pages: 1 2

HEADLINE NEWS

Los Angeles TimesCrowdfunding campaign's goal: Buy Twitter, then ban TrumpLos Angeles TimesFormer undercover CIA agent Valerie Plame Wilson is looking to raise enough money to buy Twitter so President Trump can't use it. Wilson launched the crowdfunding campaign last week, t [...]

ForbesHow One Startup Raised 10 Times Its Original Crowdfunding GoalForbesRunning a successful crowdfunding campaign isn't easy. The odds are heavily stacked against you, as very few end up succeeding. "Statistically, up to 89% of campaigns fail. Kickstarter has the highest [...]

ForbesThe Ultimate Pre-Launch Crowdfunding ChecklistForbesCrowdfunding is not limited to the platform where you launch your campaign. Instead, it has become a valuable way to transform your idea into a mainstream business. In order to head in that direction, you must execute a number [...]

SCORE: Dos and don'ts for crowdfunding small businessesPost-BulletinI shared in my last week's column that financing was a common issue small-business clients bring to SCORE mentors. A reader from that column emailed me and said, "You mentioned crowdfunding as an option [...]

ForbesCrowdfund Strategies - Mifold Hit Gold On Indiegogo But It Was VC And Angel That Made It PossibleForbesFast forward to 2015, and Sumroy is launching his product – now dubbed Mifold – on the Indiegogo crowdfunding site. “July 14 was the most exciting day of my life,” he recalls. [...]

Wicked Local LexingtonKids' tech literacy crowdfunding campaign a successWicked Local LexingtonResponding to a crowdfunding campaign by the Cary Memorial Library Foundation to raise $5,000 in five weeks, 82 generous Lexington donors and others helped surpass the goal, giving more [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Digital Arts Media Network, Inc. Purchases An Equity Stake in Cannabis Crowd Funding Company, Fundanna, Inc.Nasdaq23, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has c [...]

WFAAMore Dallas teachers turn to crowdfunding for classroom suppliesWFAATight budgets mean more Dallas area teachers are seeking out crowdfunding options to obtain the supplies their students need. The site DonorsChoose.org featured 371 active projects marked "urgent" for Da [...]

Eater LondonFat Macy's Launch Crowdfunding Campaign to Open Restaurant in PeckhamEater LondonFat Macy's — a food social enterprise which aims to train young Londoners living in temporary housing — have launched a crowdfunding campaign. Their aim is to raise £55,141 to fund a [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |