Crowdcube amazes again by reaching another great milestone of successfully raising over £10 million in funding. In May 2013, the company managed to set a world record for raising £1.5 million in just three days via an equity crowdfunding platform.Founded in 2010, Crowdcube offers the opportunity for small businesses to showcase themselves in order to obtain funding from investors. This UK based company has more than 40,000 registered investors making it one of the pioneers in the world of crowdfunding. The founder of Crowdcube, Darren Westlake, started the website by spending 3 years and using £100,000 from family and friends with the goal of creating a new platform for investment. He wanted to make investment opportunities accessible to entrepreneurs by tearing down the walls of corporate financing. Currently, Crowdcube is gradually expanding their business ventures to other countries such as Sweden, Poland, Middle East, and Brazil. They have over 50 different businesses on their website from various sectors asking for funding. When asked for the secret of their success, Darren Westlake and Luke Lang, the co-founder of Crowdcube, attributed their accomplishments to “perseverance, hard work and breaking over obstacles.” In order to successfully gain funding, their advice to entrepreneurs is […]
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