Crowdcube Crowd Equity Platform Raises £6m in Additional Funding
Crowdcube, a crowd funding equity platform, has raised $9.3 million from stockbroker Numis, Tim Draper and his London-based VC firm Draper Esprit, and existing backer Balderton Capital. After the new investments worth around £6m, Crowdcube is now valued at £51m. The additional funding will allow Crowdcube to offer new companies the ability to secure investors before going public, bringing IPO investment opportunities to the users of the platform. with the addition of IPO options, Crowdcube now offers customers investment options in bonds, funds, and VC rounds. Crowdcube co-founder and CEO....
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UPDATE (14 January 2015 13:00 BST): Article has been updated to reflect crowdfunding breakdown. Bitreserve has closed its crowdfunding campaign after raising over $9m. The final total of $9,620,802 (£6,363,024) was reached after 157 investors bought 11.27% of the equity offered. Crowdcube investors raised $739,219 (£489,744) whilst the remaining $8,911,645 (£5,873,280) was contributed by a combination of Venovate and institutional investors. The crowdfunding activity on Venovate amounted to $126,000 (£83,020) whilst the remaining balance of $8.7m (£5.7m) came from institutional investors.....
As of this writing, South Carolina firm Bitreserve has already raised over 5 million of the 6 million British pounds it is aiming to raise with British platform CrowdCube. CrowdCube allows British folks to take a stake in privately-held companies at any stage in their development. The minimum investment on CrowdCube is just £10 making it similar to KickStarter or IndieGoGo but instead of focusing on artists or good-will projects, CrowdCube is for traditional businesses to raise capital. Bitreserve's aims are lofty. They seek to translate Bitcoin seamlessly to USD and other currencies for....
Bitreserve is seeking to raise $10m in capital through a new crowdfunding initiative. The bitcoin storage platform, started by CNET founder Halsey Minor, has raised $7m so far, with 51 days to go on its funding campaign. Minor said the decision to raise a financing through crowdfunding was a "supplement" to other fundraising efforts. He also said it is an attempt to address the limited investment opportunities available to the general public for technology companies like his. Minor told CoinDesk: "People should have a right to invest in innovation ... there are so many things that are just....
UK-based fintech startup Revolut raised over £7.75 million of funding via venture capital firms. Equivalent to roughly $10,292,968 USD, £6.75 million alone was from 6 venture capital firms including Balderton Capital and Index Ventures with an additional £1 million raised by the company’s equity crowdfunding campaign on Crowdcube allowing users to get a slice of the company. Revolut itself is an app that is linked to a pre-paid MasterCard, giving the user all the features a MasterCard has and allowing people to deposit money using their bank account or credit card. Once loaded, users can....
There are few people as well-equipped to comment on the concept of blockchain-based crowd equity as Boost VC CEO Adam Draper. In addition to his involvement with the long list of blockchain-related investments made at Boost VC, Draper also launched BoostFunder, which he says was the first crowdfunding-for-equity platform. Draper recently shared some of his thoughts on blockchain-based crowd equity on an episode of the Bitcoin.com Podcast. Initially, the venture capitalist stated: “I think we’re at this sort of crossroads with the crowdfunding of the coin-based system. It’s going to work....