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Programme

Crowdcube

Finance and Risk Capital

Impact for scaleups

251

Companies backed

19%

Follow-on investments

33%

Investments outside of London

56

Growth-stage investments

Key sectors

Building & Construction Creative, digital, film, games & media Defence & security Engineering / Advanced Engineering Environmental Science & Technology Farming, fisheries & forestry Finance Food & drink Healthcare Impact ventures / Social Impact Life Sciences & Biotech Manufacturing / Advanced Manufacturing Professional services Technology & Communications Transport & Logistics

Online equity crowdfunding platforms, on which businesses pitch to receive investment, have become an established conduit for finance among seed, early-stage and scaling businesses, bridging the gap from family and friends funding rounds and later, larger institutional rounds. Institutionalisation of equity-based crowdfunding continues as VC firms, professional and retail investors co-invest on the platforms. The ScaleUp Institute will be reviewing several platforms in 2020 – including Seedrs and SyndicateRoom – to assess the impact of equity crowdfunding finance on scaling businesses.

Crowdcube typically invests between £250,000-£1m, with funding available as equity investment or mini-bonds. The average size of its investment into UK companies since 2012 is £1.32m, with the total raised being £409m. During the period of January 2012 to June 2019, the fund has provided follow-on investments for 56 of the 251 UK companies that it has backed.

Notable scaleups to have used the Crowdcube platform include BrewDog (this includes two debt funding deals totaling £12.3m), Monzo (which raised £20m via crowdfunding in December 2018) and Revolut. Popular sectors include food & beverages; consumer goods; fintech; and consumer internet.

Crowdcube invests in UK companies and has offices in Exeter and London. It provides companies that raise funds via the platform with access to a help centre and a campaigns team, access to a network of founders, and support with marketing and investor relations.

                       

Crowdcube website