Crowdcube-backed businesses have raised £ 86 m using the platform this year - a rise of 51% on 2014/15. The average amount raised by businesses was £ 6.7m , up from £ 449,000 . The largest raise completed during the year was Crowdcube itself which secured £6.7m to support its growth plans. Meanwhile the number of users securing over £1m doubled from 11 to 22 . In a bid to expand, Crowdcube itself raised £ 449,000 . Co-founder Darren Westlake said the increase reflects the shift towards "more venture and growth stage, often VC-backed, businesses turning to BlueGem Capital to raise finance alongside start-ups looking for seed investment".
Crowdcube-backed businesses have raised £ 86 m using the platform this year - a rise of 51% on 2014/15. The average amount raised by businesses was £ 6.7m , 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 £ 449,000 . Co-founder Darren Westlake said the increase reflects the shift towards "more venture and growth stage, often VC-backed, businesses turning to BlueGem Capital to raise finance alongside start-ups looking for seed investment".