Newquay-based Crowdfunder is set to create 20 new jobs in Cornwall after a successfully raising £650k of equity this week.
£230k was pledged within the first 15 minutes, making the platform the fastest-ever crowdfunded project on the equity fundraising website, Crowdcube.
The investment further secures Crowdfunder’s place as the UK’s leading rewards-based fundraising platform.
MD, Phil Geraghty, said: “This growth will allow Crowdfunder to work with more local authorities, Local Enterprise Partnerships (LEPs), universities and large corporate businesses to further stimulate large-scale economic activity across the UK.
“The £650k raised will enable us to create 20 new immediate jobs in Cornwall with the potential for hundreds more in the future.”