Why we chose Crowdcube/Seedrs as one of the Startups 20
Full disclosure: we’d agonised over which of these worthy crowdfunding platforms deserved to be in the Startups 20. We knew we had to have at least one business that represented this revolutionary new facet of private capital investment. Eventually, we settled on just one. After all, we couldn’t have both – could we?
Well, following their merger, we can.
As a share of the UK funding market, crowdfunding has grown significantly over the last decade, thanks in no small part to Crowdcube and Seedrs. According to Beauhurst, in 2011, just there were just eight crowdfunding campaigns in the whole of the UK; in 2019, there were 424.
In fact, according to Beauhurst’s annual The Deal report, Crowdcube and Seedrs weren’t just the UK’s most active crowdfunders in 2019 – they were the most active investors full stop, facilitating an astonishing 191 and 215 deals respectively.
Alongside countless other well-known startups, a number of the other businesses in the Startups 20 have actually completed successful funding rounds through Crowdcube or Seedrs.
Mindful Chef has raised through both platforms, while Pip & Nut and what3words have both raised through Crowdcube. Brewdog runs its Equity for Punks programme through the platform, which has raised a staggering £42m to date. And having also facilitated funding rounds for Monzo and Revolut, Crowdcube is responsible for funding 19% of all UK unicorns!
So, by having Crowdcube and Seedrs in the Startups 20, we’re celebrating two startups that, arguably, have done more for other UK startups than any other person or organisation over the last decade.
via https://www.AiUpNow.com
October 25, 2020 at 08:08PM by Henry Williams, Khareem Sudlow
