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. Following the first exit by E-Car Club to Europcar in July 2015, two further Crowdcube-backed businesses were sold in the last 12 months with Camden Town Brewery to AB InBev and Wool and the Gang to BlueGem Capital. 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. 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".