Crowdcube raises 11.8 million euros

Equity crowdfunding platform Crowdcube has raised 11.8 million euros in a funding round led by Circle. The platform wants to accelerate its expansion across Europe. This investment is the largest strategic investment up to date from Circle into Europe.

Since its foundation in 2011, Crowdcube has been growing fast. The equity crowdfunding platform claims that it now has 1.2 million users, who have invested 1.2 billion euros through the platform.

‘Valued at 165 million euros’

Earlier this year, Crowdcube’s plans to merge with rival Seedrs were blocked by the UK’s anti-trust body, CMA. It has now raised 11.8 million euros, which increases the company’s valuation by 57 percent since its last funding round in 2018. The company is now valued at 165 million euros.

‘The funding round increases Crowdcube’s valuation by 57 percent.’

The funding round was led by Circle, and Molten Ventures and Balderton Capital took part in the round as investors. The equity crowdfunding platform has completed a total funding haul of 35 million euros.

The funding follows a recent regulation that provides new uniform rules across Europe for capital raising and retail investment services. The Regulation on European Crowdfunding Service Providers (ECSP) makes it easier for platforms to offer their services EU-wide.

European expansion

Crowdcube is planning to make use of this regulation and its new funds by expanding further into Europe. “Combining Circle’s strategic investment with our decade of knowledge and experience of capital raising in Europe, Crowdcube is extremely well positioned to capitalize on our first-mover advantage into Europe’s high growth investment market”, said Darren Westlake, CEO of Crowdcube.

‘Crowdcube is well positioned to capitalize on our first-mover advantage into Europe.’

Ryan Feit, Director of Circle, said: ” Private capital online fundraising is at a pivotal moment of maturation. We are thrilled to work with Crowdcube to roll out online fundraising across Europe and are confident this will be a significant milestone towards the inevitable global future of the industry.”