202124 Nov

Crowdcube Raises £10M in Funding

Summary

The round, raised at a pre-money valuation of £140m, was led by by Circle Internet Financial, LLC, owner and operator of SeedInvest, a startup fundraising platform in the US, with participation from Balderton Capital and Molten Ventures (previously Draper Esprit). In conjunction with the funding, Ryan Feit, Director of Circle and CEO and Co-Founder of SeedInvest, will join CrowdCube’s board. The company intends to use the funds to continue to expand its business reach in Europe, capitalizing on the recent regulation that provides uniform rules across Europe for capital raising and retail investment services. Led by CEO Darren Westlake, Crowdcube is an equity crowdfunding platform for entrepreneurs of startups and growing businesses to connect with potential investors. The funding comes as the company achieved a record year of growth with £200m invested (+21% YoY) and over 208k investments made, and a community with 174k new members this year, bringing the total to 1.2 million.

Source: Finsmes

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Companies