AltFi.com uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.
 

Crowdcube reaches £200m milestone




By Daniel Lanyon on 16th December 2016

https://goo.gl/rlQ0sd

The crowdfunding platform has become the first to cross this threshold of capital raised.

 

 

Crowdfunding platform Crowdcube has finished off the year by becoming the first platform to hit the £200m mark in capital raised in the UK.

 

The milestone was achieved after Mush, Meetzoo and Bluebella hit their targets last week. Bluebella, an award-winning lingerie and nightwear brand, raised over £1m from more than 600 investors this week.

 

Since its launch back in 2011 327,000 people have contributed to the £200m, which has been invested in more than 430 businesses.

 

This year there have been 116 raises have been completed on Crowdcube so far, raising a total of £69m for  businesses in the last year alone. 

 

The 10 largest fundraises completed on Crowdcube in 2016  are Crowdcube itself – £6.7m, goHenry – £4m, BrewDog – £3.5m (currently live on Crowdcube), Pocket – £2.5m, Innis & Gunn – £2.4m, Witt Energy – £2.4m, GripIt Fixings – £2m, Zing Zing – £1.6m, HealthUnlocked – £1.5m, Powervault – £1.4m.

 

Crowdfunding has exploded in recent years. AltFi Data’s own research – the annual ‘Where Are They Now’ report – recently showed that the market is expanding rapidly. The total number of capital raises now stands at 955, spread across 751 companies, up from just 367 companies last year. 

Comments

klm

04 Jan 2017 12:37pm

what does this mean for the Crowdcube shareholders? When do we see black figures?

Jay C

22 Dec 2016 09:58am

Interested to know if Crowdcube could invest in Biosfera-Dharma which contributes to the habitat Science & Ecotourism at the headquarters of the Amazon in Bolivia


Enter your name:

Enter a comment in the box below:

More like this:

Lending platform signs deal with Goldman Sachs
16th October 2017
Daniel Lanyon
FCA chief updates on fintech and Brexit
19th October 2017
Daniel Lanyon