The ‘Crowd’ raises £4.4m in first half of 2013 – nearly double for whole of 2012

Crowdfunding is taking off as an alternative source of finance for British entrepreneurs judging by the acceleration in funding the initial equity-based crowdfunding platform, Crowdcube, is experiencing as in the first five months of 2013 it raised £4,400,000 for 20 businesses compared with £840,000 for 11 pitches in the equivalent period of 2012.