On Monday, Crowdcube announced it was the first UK crowdfunding platform to raise £200 million for more than 430 businesses. This news comes just after lingerie and nightwear brand, Bluebella, secured over £1 million through the funding portal from more than 600 investors. The equity crowdfunding platform stated: “We predicted last year that investment rounds would get bigger in 2016, with the average amount raised going up. In our experience, this prediction definitely rang true with the largest crowdfunding rounds to date having been completed on Crowdcube this year. As 2016 draws to a close, 116 raises have been done on Crowdcube, raising a total £69m for ambitious businesses in the last 12 months alone.” Crowdcube also released the ten largest campaigns completed through its portal in 2016: The funding portal went on to reveal its predictions for 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.