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The investment further secures Crowdfunder’s place as the UK’s leading rewards-based fundraising platform, creating a new industry sector from the heart of the South West. 

In its short life, Crowdfunder, based in Newquay, has gone from a start-up, to becoming the number one rewards-based site in the UK. 

Crowdfunder raises money directly from the public for businesses, community projects, charities, sports and the arts. As well as finding valuable and needed funding in an increasingly difficult economic environment, the Crowdfunder model provides much needed validation and public profiling for people wishing to get their projects funded and launched. 

Phil Geraghty, MD of Crowdfunder, said: “This growth will allow Crowdfunder to work with more Local Authorities, Local Enterprise Partnerships (LEP’s), universities and large corporate businesses to further stimulate large-scale economic activity across the UK. “The £650,000 raised will enable us to create twenty new immediate jobs in Cornwall with the potential for hundreds more in the future. “We are immediately looking to fill technical development, business development and marketing roles alongside recruiting a wider team of crowdfund coaches as we take the next exciting steps in the growth of our business.” 

Rob Love, Chairman of Crowdfunder continues: “With Crowdfunder we believe Cornwall has the opportunity to be the home to a world class business and we are becoming one the UK’s fastest growing companies. 

“On a local level, here in Cornwall, we provide direct access for Cornish enterprises to develop their businesses and projects ahead of the pack. We also clearly demonstrate that Cornwall can support leading digital and creative industry businesses and directly benefit from the intellectual property that we are developing and sharing here in the South West.” 

Great examples of crowdfunding include the Cornish Language Radio Project who raised over £5000 to develop a weekly Cornish-speaking podcast and The Huers Hut Project, which was a campaign to save the famous Huers Hut in Newquay, which generated celebrity support from TV presenter, Phillip Schofield. The Lost Gardens of Heligan are currently fundraising for a field of poppies to commemorate World War 1.