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| Darren Westlake and Luke Lang Crowdcube co-founders |
If further proof is needed to convince that equity crowd
funding is growing in reputation as well investor confidence, Crowdcube have
delivered it. They used their own
platform to raise £1.5 million in just three days from 259 investors. Existing
investors met the initial funding target of £250,000 within the first five
hours of the pitch going live, making it the fastest equity funding on a
crowdfunding website anywhere in the world. The pitch was then opened up for
others to invest with one million pounds being invested in the following 24
hours. The investment, which sets a new world record for funds raised via an
equity crowdfunding platform, will be used to fuel Crowdcube’s next phase of
growth.
