With over 200,000 sharers and investors having used the site, Crowdcube has managed to raise over £100million, shared between 290 businesses.
Launched in 2011, Crowdcube has become one of the most popular sites for startup businesses to gain monetary support to grow their businesses. This year alone, Crowdcube has managed to raise £50 million for 109 businesses, including 14 overseas companies.
Independent research from Crowdsurfer shows that so far in 2015 Crowdcube has secured British businesses more funding than all the other players combined, with an impressive 52 per cent market share. Contributing to the success of the site are 20 businesses that have raised over £1 million on the site, a funding rate of 50 per cent.
It was announced recently that Crowdcube is in the ‘Top Ten Most Popular Companies’ on Escape the City, highlighting the popularity of the crowdfunding platform. Having recently raised £6 million in funding to accelerate their growth it’s safe to say Crowdcube is going strong. The investment was led by Numis, a leading UK stockbroker, iconic Silicon Valley investor Tim Draper, venture capital firm Draper Esprit, alongside existing backers Balderton Capital, one of Europe’s largest venture capital firms.
Crowdcube are now three times bigger than their nearest competitor, having raised more money than the rest of the market combined.