Crowd2Fund launched in August last year and offers a variety of different products including equity crowdfunding, bonds, donation campaigns as well as others.
The latest product on offer from the platform is a revenue loan system that is based on providing finance to early stage companies through loan. Like other revenue-based finance platforms repayment will be made on financial performance rather than equity.
According to the platform the ‘Series A’ investment attracted interest from a number of global family offices including some highly influential entrepreneurs based in China, the Middle East and Europe and has brought the market value to £10m.
Commenting on the latest fund raising, founder and Chief Executive Chris Hancock said:
“Crowd2Fund has taken on some well-connected Chinese investors which will not only help open the door to the Asia Pacific P2P market, but will also facilitate investment into the European market from China.”
Based on the slowdown of growth in China, we expect more Chines investors to be looking for opportunities in Europe. Working with international family offices gives us greater flexibility and immediate access to a global network of investors that can be leveraged as the business grows.”
Crowd2Fund seem to be developing at a fairly high pace and Mr. Hancock also revealed that the company is in talks with a number of high street banks with a view to forming strategic partnerships.
Mr. Hancock added:
“By offering five crowdfunding models under one roof, our proposition is designed for a more mainstream P2P and crowdfunding market which we believe will make us a more attractive option for the banks when they are looking for partners.”