Crowdcube reaches 500,000 users

Crowdcube has announced that it has hit the 500,000-user milestone, with over £400m pledged.

So far, £310m of this total has been successfully invested through the crowdfunding platform.

The company has thanked its community of users for their support in the UK equity crowdfunding space.

Crowdcube revealed that the average investment amount from an individual investor on its platform was £1,428, while the average number of investors per raise was 333.

The food and beverage sector was the most popular among investors on the platform, followed by consumer goods and consumer internet.

The majority of investors were aged between 30-39, however, people aged between 40-49 invested the most.

Some 27% of investors on the platform were female, with 73% being male.

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