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Crowdcube raises £36m for 100 businesses in 2014

UK crowdfunding platform Crowdcube raised nearly £36 million for 105 business last year, representing growth of 133% on 2013.

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UK crowdfunding platform Crowdcube raised nearly £36 million for 105 business last year, representing growth of 133% on 2013.

Business

Crowdcube raises £36m for 100 businesses in 2014

UK crowdfunding platform Crowdcube raised nearly £36 million for 105 business last year, representing growth of 133% on 2013.

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UK crowdfunding platform Crowdcube raised nearly £36 million for 105 business last year, representing growth of 133% on 2013.

The number of registered investors on the platform swelled from 65,000 to 122,000 over the year and the business recruited 30 staff, raising its total headcount to 45.

Crowdcube was established in 2011 and has provided a conduit to finance for several notable brands and start-ups including easyProperty, River Cottage and the Eden Project.

To date it has raised a total of £51 million for businesses.

In December, Crowdcube was one of six successful bids for funding from the government-backed London Co-Investment Fund (LCIF).

Along with consortium partner Braveheart Investment Group plc, it was awarded £5 million of the £25 million pot to invest in London’s tech start-ups. It was the highest single amount awarded.

Luke Lang, co-founder of Crowdcube, said: “This was a pivotal year for Crowdcube. We have continued to grow our business faster and deeper than we expected and are leading the market in terms of funds raised and innovative new investment offers such as our Venture Fund and Mini-Bond.”

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Crowdcube raises £36m for 100 businesses in 2014

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