Crowdcube is the first UK crowdfunding platform to raise £200m ($254m), the company said. The funding will be used for a range of projects including an initial round of investment in its London office and further rounds as it expands globally. It also predicted more firms will come back to crowdfunding for series B and series C rounds in 2017.
Crowdcube is the first UK crowdfunding platform to raise £200m ($254m), the company said. The funding portal raised more than £69m for firms in 116 raises in the last 12 months alone, including £6.7m for Crowdcube itself, £4m for pocket money card goHenry and £3.5m for craft beer company BrewDog. It also predicted more firms will come back to crowdfunding for series B and series C rounds in 2017.