Crowdcube does some raising of its own, nets £10 million to fuel European market entry – Tech.eu
UK-based crowdfunding platform Crowdcube has raised £10 million in a round led by Circle Internet Financial, owner and operator of SeedInvest, a US-based crowdfunding platform. The funding arrives as Crowdcube posted record numbers, with £200 million invested, a figure up 21% year-over-year and over 208,000 investments made. This, on top of the addition of 174,000 new members, upping Crowdcube’s numbers to a total of 1.2 million. The fintech’s valuation has increased by 57% to £140 million since its last funding round in 2018 and it has raised around £30 million in total from both institutional and retail investors. In addition to Circle Internet Financial/SeedInvest (not to be confused with Vienna’s Speedinvest), existing Crowdcube backers Molten Ventures and Balderton Capital also participated in the funding round.