Crowdcube Limited, the Exeter, UK-based crowdfunding website that allows people to have equity in exchange for their investment in companies, has raised £300k through its own platform.
162 investors have acquired a 9% stake in the company.
Co-founded in 2010 and launched in February 2011 by by Darren Westlake and Luke Lang, Crowdcube intends to use the funds to accelerate its next phase of growth.
http://youtu.be/jTWTuuuC2HU
Using “crowdfunding”, the platform provides a platform for entrepreneurs of start-ups and established businesses to connect with potential investors, who can invest as little as £10 into a business without self-certifying that they are high net worth individuals. On a dedicated webpage, entrepreneurs can “pitch” their business, explain to potential investors the reasons behind the fundraising, upload a video pitch, images and documents, update investors on the progress of their pitch, etc.
FinSMEs
18/12/2011