Crowdcube celebrates record-breaking year

Crowdcube has revealed that a total of £210m has been successfully invested into businesses via the platform since launch.

The news follows its best quarter yet at the end of 2016 with over £15m invested through the platform in December alone.

The crowdfunder reported a 20% rise in investment in the six months post-Brexit and has seen its investor community top 340,000.

Over £80m was raised for SMEs through Crowdcube during 2016 with more than 51,000 investments being made.

Crowdcube has also seen more established firms raise finance on the platform, which has seen the average fundraising round increase to £642,000.

Fintech firm goHenry set a record for the largest crowdfunding round by raising £4m in April. 

The record was claimed to be broken by Crowdcube’s own funding round, which saw £7.7m raised from over 3,500 investors, before the record was broken again, this time by BrewDog who raised £10m in three weeks.

Crowdcube now hopes that over the next 12 months more businesses begin to deliver investors a financial return.

“Over £5m has been returned to investors on Crowdcube over the last two years from bond interest payments and equity exits through trade sales to the likes of Europcar and AB InBev – a further indication of how crowdfunding is maturing,” said Crowdcube.

“We also predict an increase in businesses coming to Crowdcube for later-stage growth funding and that more businesses that have funded on Crowdcube will go on to secure follow-on investment from venture capital and institutional investors, such as Farmdrop, which closed a £3m funding round led by Atomico last year.”

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