Crowdcube Q3 2017 update

  • Thursday 28th September 2017
  • by Crowdcube

We are pleased to announce another strong quarter of performance in 2017, with over £1 million generated in company revenue.

In this third quarter we have launched 70 pitches and the momentum has been kept going, with 42 pitches launched in September alone and 13 launched in the third week of the month, a Crowdcube record.

Our pioneering iOS App, launched exactly a year ago, has generated over £5.6 million in investment since launch, accounting for one in three investments on Crowdcube. We plan on continuing to build on our iOS App, with a new notifications centre set for release in the next software update. By the end of Q4, we plan to launch the Android App as well, bringing mobile equity crowdfunding to yet more investors.

The Crowdcube community has kept on growing, with over 430,000 investors now members of our platform. In total, members invested £25.6 million in all pitches in the past quarter, with 31 successful raises closing to investment, and seven businesses which raised £1m or more.

Pitches have continued to run across all sectors, from the Usain Bolt-backed athletic insole company Enertor, to London-based honey-maker Black Bee Honey, with companies as varied as Liverpudlian rock climbing centre Boulder Hut to sleep-assisting headphones Kokoon funding on the platform right now.

Crowdcube is also proud to have begun its partnership this quarter with SeedInvest, America’s leading equity crowdfunding platform, to give UK investors access to American companies being funded on the SeedInvest platform. This, along with our second cross-border European raise Santamania, shows that we are continuing to expand our international footprint, with £2 million raised in Spain alone during the last three months.

We have also strengthened our relationship with WeWork, the foremost global network of workspaces for entrepreneurs, as we moved our London team into their flagship co-working space in Old Street, the heart of London’s silicon roundabout.

Our latest quarterly results show that Crowdcube continues to go from strength to strength. We continue to attract more pitches to our platform, grow our investor community, and develop our business technologically. All of this validates our status as the UK’s premier equity crowdfunding business, bringing the industry to new heights and making it an increasingly attractive fundraising option for small and medium-sized businesses.

You can find out more about our third quarter of 2017, by downloading the full shareholder update below.