Crowdcube sees £95m invested in 2017

The platform had a strong year helped along by record breaking rounds from the likes of Monzo.

Crowdcube saw off competition from rival crowdfunding platforms with more than £95m of funding to start-ups and early and growth-stage businesses in 2017, according to data from Beauhurst.

The platform managed to facilitate £11m of funding more than its nearest rival buoyed along by 33 growth-stage businesses raising over £1m.

 Some of the funding highlights in 2017 included £2.5m raised over the course of the year by digital challenger bank Monzo, Mindful Chef raising £1.92m in a single round in September,  and The Chapar, a premium styling service for men, which raised £1.26m in a round in June.

Luke Lang, co-founder of Crowdcube said: “ As the UK’s leading provider of Series B funding rounds in excess of £1m, it’s highly encouraging to see that Crowdcube is fast becoming the first-choice for ambitious entrepreneurs looking to fund their business’ growth.  A challenger concept when we launched in 2011, equity crowdfunding has grown to be firmly established as a key source of finance for British business and a vibrant and exciting way for investors to back the businesses they love.”

Since Crowdcube was founded in 2011, it has facilitated more than 600 companies successful fund raises, with a total of £390m having been invested on the platform to date by a crowd of over 500,000 registered Crowdcube investors.