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.