Crowdfunder’s £1M equity raise

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Crowdfunder has announced details of a new £1 million equity raise.

The Newquay-based crowdfunding platform, which last year successfully raised over £500k, is seeking the investment via the Crowdcube site.

MD, Phil Geraghty, said: “Since 2012 we have grown Crowdfunder by a factor of ten, and become the UK’s #1 crowdfunding platform – raising over £10 million for thousands of businesses, social enterprises, charities and individuals across the UK.

“We currently have 975 projects looking for £12.4 million on the site, this investment would enable us to turn more of those ideas into reality.”

Chairman, Rob Love, added: “With this investment we want to grow the company by six times, and help over 150,000 projects across the next three years.

“It will also help create new jobs in creative and digital industries in the south west.”

The equity raise coincides with the news that Crowdfunder has been confirmed as the UK’s leading crowdfunding platform.

According to figures from crowd finance data source, Crowdsurfer, Crowdfunder closed more projects than any other UK platform in the past ten months.

Crowdfunder has completed 2,400 successful projects to date in 2015, more than double the next 21 UK rewards platforms combined.