Balderton Capital invests £3.8 million in Crowdcube

CFB News wire, Investment is part of a £5m round with the final £1.2m offered to the crowd   Exeter, UK –17 July 2014: One of Europe’s largest venture investors, Balderton Capital, leads a £5m round with a £3.8 million stake inCrowdcube, the world’s first and leading investment crowdfunding platform. Crowdcube will complete its Series B round by offering a £1.2 million crowdfunding, which opens on Crowdcube.com at 12:00 GMT on Tuesday 22 July. Darren Westlake, CEO and co-founder comments, “We’re delighted to secure growth finance from such a renowned VC who will undoubtedly add tremendous value both strategically and operationally. We’ve built a pioneering and award-winning service over the last few years. This investment, alongside the crowd, puts us in an even stronger position to provide essential growth finance for businesses and inspire a new generation of investors.” download (5)   Balderton Capital, which has also invested in disruptive financial tech companies such as Zopa, Nutmeg, GoCardless and Wonga, as well as other fast-growth internet businesses like Lovefilm and Betfair, has a long history of backing disruptive and innovative businesses. Partner Tim Bunting, who will join Crowdcube’s board of directors said: “We love the way Crowdcube is disrupting and democratising investment into businesses seeking growth finance; Balderton is always looking to support new approaches to traditional financial services, and Crowdcube’s trailblazing model makes investment accessible, affordable and transparent. We’re excited about working with this team and building on their dominant position in the crowdfunding market.”   Crowdcube, named one of the hottest FinTech firms in Europe in 2013, will use the £5 million investment to further expand its operations in the UK and internationally. The firm is planning to double its team to 50 as well as open new offices in London and Scotland, while expanding its head office in Exeter. It is also expanding internationally beyond the seven joint ventures that it has already established. Since it launched in 2011, Crowdcube has raised over £30 million for more than 130 start-up, early stage and growth businesses. More than half of this finance has been secured in the first half of 2014, demonstrating the accelerated growth for the innovative crowdfunding market, the willingness for people to invest in British businesses and the demand by businesses for seed and growth capital. Crowdcube estimates that these companies are already boosting the British economy with the creation of 3,000 new jobs over the next three years. In addition, some fast-growth businesses like Righteous, Tidy Books and East End Manufacturing are contributing to Britain’s exports, supporting the Chancellor’s challenge to double Britain’s exports to £1 trillion by the end of the year.   Other Crowdcube milestones include:

  • It was the world’s first crowdfunding platform to offer equity to investors in 2011.
  • Crowdcube has successfully crowdfunded two previous rounds on its own website raising £320,000 in 2011 and £1.5 million in 2013.
  • In September 2013 Kevin McCloud’s Hab Housing broke the world record for equity crowdfunding investment with 649 people putting in £1.95 million.
  • Crowdcube was the first crowdfunding company to sign up an international partner and now has a presence in seven countries: Brazil, Sweden, Dubai, Poland, Italy, Spain and New Zealand.
  • January 2014 saw the launch of the first managed venture fund for crowdfunded equity investments.
  • In June 2014 Crowdcube launched its Mini Bond product, disrupting the retail bond market in the same way that it has equity finance. River Cottage, which raised £1 million in less than 36 hours and Chilango are the two companies that have already launched Mini Bonds on Crowdcube.
  • The latest firm to raise finance is a start-up founded by the team behind Fitness First and Jatomi Fitness, James Balfour and Giles Dean. 1Rebel will launch a chain of contract-free ‘high intensity’ boutique gyms in London, which allow members to book classes online and via an app on a pay-as-you-go basis.

Tags: , ,

HEADLINE NEWS

Curbed DetroitChurch kicks off crowdfunding campaign to save historic spiresCurbed DetroitIt's been quite a month for the steeples at the Sweetest Heart of Mary church. The Mother of Divine Mercy church council went to the Historic District Commission earlier this month with the [...]

Redding Record SearchlightCrowdfunding isn't about buying but about donatingRedding Record SearchlightImagine you're an innovator with a big idea but not a lot of cash to bring the idea to fruition. You spend some of your own money up front to design a cool demo, and then yo [...]

Crowdfunding restores ponds in drought-hit south IndiaReutersIt has also led to an unusual crowdfunding campaign that helped restore a village pond in one of the worst affected areas, with a similar effort planned for a second pond. The effort, led by The Better India website, raised [...]

HousingWireReal estate crowdfunding platform RealtyShares buys rival Acquire Real EstateHousingWireRealtyShares, which bills itself as the “leading online marketplace for real estate investing,” announced Thursday that it bought Acquire Real Estate, which the company calls an “innovat [...]

Deutsche WelleLiving Planet: Crowd-funding slaughterDeutsche WelleLiving Planet: Crowd-funding slaughter. A German startup is attracting carnivores who want to know where their meat comes from by butchering on demand. A cow isn't killed until the entire animal - raised outdoors o [...]

TechCrunchSnopes seeks crowdfunding in ownership battleTechCrunchHow many times have you heard some urban legend, chain letter or misleading bit of news repeated and immediately found a thorough, fact-based debunking on Snopes? Like every damn day for the last 20 years or so, right? S [...]

MedAnswers Announces Securities Crowdfunding Seed Round | 07 ...Markets InsiderLOS ANGELES, CA--(Marketwired - July 27, 2017) - MedAnswers, a digital health app that at first connects infertility patients to experts for on-demand questions ...and more » [...]

Daily MailSnopes Raises 500K To Fight Legal Battle | The Daily CallerThe Daily CallerFact checking site Snopes raised more than 500000 Monday, on the first day of a crowdfunding campaign launched to keep the site operational.Snopes.com, the fact-checking website, raised more than $500 [...]

The VergeA San Diego newspaper is partnering with GoFundMe to launch campaigns based on its own articlesThe VergeEarlier this month, The San Diego Union-Tribune launched an unusual experiment: asking readers to become small-scale philanthropists. Partnering with crowdfunding platform [...]

MashableStudy shows women are way better than men at crowdfundingMashableMale investors often don't fully understand the value of ideas women entrepreneurs pitch them. They throw capital at food delivery service after food delivery service, but ignore ideas that cater to groups t [...]

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 |