Crowdcube reaches £200m milestone
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.