4 November 2015 11:30
Cornwall’s Crowdfunder confirmed as UK's # 1 and is set to create up to 50 new jobs
Newquay's Crowdfunder has been confirmed as the UK's #1 crowdfunding platform.
According to Crowdsurfer’s data, Crowdfunder has completed 2,400 successful projects to date in 2015, more than double the next 21 UK rewards platforms combined. (Period: 01.01.2015 - 28.10.2015).
This week Crowdfunder is launching an equity raise on Exeter’s Crowdcube, the world's leading equity crowdfunding platform, to raise £1million to expand the business and create 50 new jobs.
Phil Geraghty, Managing Director of Crowdfunder said:
“Since 2012 we have grown Crowdfunder by a factor of 10, and become the UK's #1 crowdfunding platform - raising over £10 million for thousands of businesses, social enterprises, charities and individuals across the UK.
"We currently have 975 projects looking for £12.4million on the site, this investment would enable us to turn more of those ideas into reality."
Crowdfunder's unique and proven business model connects people and projects to partners who can offer them funding and support. Current Crowdfunder partners include Harlands, Stevens Scown, Devon FA and Plymouth University.
Last year Crowdfunder, raised over £500,000 in three hours from 367 investors, including Nesta, Creative England and founding investor, Plymouth University.
Rob Love Chairman said:
"With this investment, we want to grow the company by six times, and help over 150,000 projects across the next three years. It will also help create new jobs in creative and digital industries in the South West."
Toby Parkin, President of the Cornwall Chamber of Commerce said:
"This is really good news for Cornwall. Not only are we seeing a really exciting high growth Cornish company expand, but this will also create highly skilled jobs in the digital industries - helping keep talent in the South West."