UK platform Crowdcube today announced that it has raised 6M GBP of investment to further accelerate its growth. The investment is led by Numis, a UK stockbroker and corporate advisor. Tim Draper and London-based Draper Esprit have also joined this new funding round alongside existing backers Balderton Capital, one of Europeâ€™s largest venture firms.
The investment will enable Crowdcube to accelerate growth, continue the expansion of its team, ramp up new product development including the creation of a new solution for companies going public, and invest further in its acclaimed marketing activities.
‘Weâ€™re on a mission to help more businesses raise the finance they need to grow, create jobs and deliver returns to investors. Weâ€™ve dominated the democratisation of seed-stage equity investment since we launched in 2011 and weâ€™re determined to do the same for larger businesses. We want to put the Public back into IPO.’ commented Darren Westlake, CEO and co-founder of Crowdcube.
This round puts the Crowdcube at 51M GBP post investment.