Crowdcube-backed businesses have raised £ 86m using the platform this year - a rise of 51% on 2014/15. The average amount raised by businesses was £627,000, up from £449,000. In total, more than £1bn has been raised through crowdfunding platforms in 2015. In a bid to expand, Crowdcube itself raised £6.7m. Co-founder Luke Lang said the increase reflects the shift towards "more venture and growth stage, often VC-backed, businesses turning to Crowdcube to raise finance alongside start-ups looking for seed investment".
Crowdcube-backed businesses have raised £86m using the platform this year - a rise of 51% on 2014/15. The average amount raised by businesses was £627,000, up from £449,000. Meanwhile the number of users securing over £1m doubled from 11 to 22. In a bid to expand, Crowdcube itself raised £6.7m. Co-founder Luke Lang said the increase reflects the shift towards "more venture and growth stage, often VC-backed, businesses turning to Crowdcube to raise finance alongside start-ups looking for seed investment".