Take Two: Freetrade launches second crowdfunding at higher £43m valuation
Adam Dodds is back with Freetrade’s 2nd crowdfunding in as many months.
In order to deal with the influx of interest, which AltFi covered in-depth at the time, Freetrade is releasing batches of £375,000 in equity to its existing customers and investors before the campaign goes live at lunchtime.
At the time of publication, Freetrade has already soared past its initial £1m funding target, but says it has an additional £5m which it can overfund.
UPDATE 2019-06-26 - Freetrade's crowdfunding has now reached £2.8m.
The company points to a customer base now sitting at over 30,000 (previously 20,000) and a waiting list for Ireland, its first step with international expansion, as to the reasons for this increase.