Crowdcube Co-Founder Luke Lang Predicts Big 2021 : vimarsana

Crowdcube Co-Founder Luke Lang Predicts Big 2021


Crowdcube Co-Founder Luke Lang Predicts Big 2021
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Crowdcube, the UK’s largest crowdfunding platform by total raised, 2020 has been a stellar year in terms of funding rounds. The 3rd quarter of the year was described as “remarkable” and the platform generated £2.67 million in revenue – reportedly Crowdcube’s best ever.
The top-line revenue was driven by a surge in activity during COVID as investment platforms have performed well during government-induced lockdowns and social distancing.
In October, Crowdcube reported topping 1 million members who have invested in total over £1 billion via 800,000+ individual investments.
Continental Europe has long played an important role in the performance of Crowdcube with a dedicated operation in Spain. In November, Crowdcube shared that 12% of offerings this year have been by firms not based in the UK. At the time of the report, 12% of issuers were from outside the UK accounting for € 21 million in investment from more than 8,000 individuals. Later this year, issuers raising capital in Europe will benefit from harmonized crowdfunding rules for the EU. Crowdcube should also see offering sizes increase as issuers in Europe will now be able to raise up to €5 million across all EU member states using the single regulatory regime.

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