Posted on October 3, 2017 by staff

Crowdcube hails another strong quarter


Equity crowdfunding platform Crowdcube has generated more than £1 million in company revenue in the last three months following a record September.

The site has launched a total of 70 pitches in the third quarter of 2017, three times more than the same period last year. There were 42 campaigns launched in September alone and 13 launched in the third week of the month.

Crowdcube’s iOS app, which was launched exactly a year ago, has generated more than £5.6m investment and now accounts for one in three investments on the platform.

The company plans to launch an Android app by the end of the year.

“Our latest quarterly results show that Crowdcube continues to go from strength to strength. We continue to attract more pitches to our platform, grow our investor community, and develop our business technologically,” co-founder and CMO Luke Lang said.

“All of this validates our status as the UK’s premier equity crowdfunding business, bringing the industry to new heights and making it an increasingly attractive fundraising option for small and medium-sized businesses.”

Crowdcube’s community has continued to grow, with over 430,000 investors now members of the platform. In total, £25.6m was invested in the last quarter, with 31 successful raises closing to investment.

The company has also begun its partnership this quarter with American equity crowdfunding platform SeedInvest, to give UK investors access to American companies being funded on the SeedInvest platform.

Crowdcube has also strengthened its relationship with WeWork, the global network of workspaces for entrepreneurs, as the business moved its London team into its flagship co-working space in Old Street, the heart of London’s silicon roundabout.