Crowdcube - backed businesses have raised £ 1 m using the platform this year - a rise of 20 % on 2014/15 . The average amount raised by businesses was £ 627,000 , up from £ 449,000 . Meanwhile the number of businesses securing over £ 1 m doubled from 11 to 22 . In a bid to expand , Crowdcube itself raised £ 6.7 ##m . The significant rise in the average amount raised by crowdfunding businesses 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. Co - founder Luke Lang said the increase reflects the shift towards " more innovative 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 £ 1 m using the platform this year - a rise of 20 % on 2014/15 . The average amount raised by businesses was £ 627,000 , up from £ 449,000 . Meanwhile the number of businesses securing over £ 1 m doubled from 11 to 22 . In a bid to expand , Crowdcube itself raised £ 6.7 ##m . Co - founder Luke Lang said the increase reflects the shift towards " more innovative and growth stage , often VC - backed , businesses turning to Crowdcube to raise finance alongside start - ups looking for seed investment " .