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New Platform Pairs the Angels With the Crowd

The North East’s first equity crowdfunding platform will cater to young businesses with high growth-potential.


GrowthFunders will connect projects with a wide range of investors – mixing both angel networks and early-stage venture capitalists with the crowd. The idea of allowing the crowd and more experienced investors to fund campaigns in tandem is not new (see, but it is gaining considerable momentum within the crowdfunding space.

Co-Founder Norman Peterson commented on the launch, which took place early March:

“The aim of GrowthFunders is to streamline the fundraising and investing process. Entrepreneurs can get their businesses in front of potential investors who in turn are excited to play their part in supporting a new wave of Great British businesses. Depending on personal and company circumstances, investors can receive up to 78% tax relief on SEIS-compliant deals.

“Investing in this way was previously available only to wealthy individuals but GrowthFunders’ unique structure means that individuals can become online angels and invest from £100.”

Craig and Norman Peterson, the entrepreneurs behind the new platform, will lean on a wealth of relevant experience. The pair have previously assisted a range of high-growth businesses in fundraising drives with their company Growth Capital Ventures. They will look to leverage this experience in setting GrowthFunders apart. The platform is unique in its commitment to providing end-to-end support. GrowthFunders will work with entrepreneurs pre-funding – to ensure that businesses are investor ready, and post-funding – to crystallise the value of the business and drive an exit.

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