Crowdfunder raises over £600,000  for expansion in five days
Last week, Crowdfunder, the UK rewards-based crowd-funding site, launched a £1m fundraising campaign on Crowdcube to expand its business. Now, after just five days, over £600,000 has already been raised. The two platforms have also announced plans to form a strategic partnership to drive the growth of crowdfunding across the UK.

Just five days after launching its new Crowdcube campaign, UK crowdfunding platform Crowdfunder UK successfully secured over £600,000.

According to Crowdfunder:

“Off the back of another year of exceptional growth, Crowdfunder is opening up for another round of investment—this is your chance to buy shares and #JoinOurCrowd. Our previous hit target in less than three hours and we expect this opportunity to again be over subscribed.

“Since its inception three years ago, Crowdfunder has become the UK’s No 1 crowdfunding platform, growing ten times in the last two years. It now has an online community of 350,000+, raising over £10 million for thousands of businesses, social enterprises, charities and individuals—and unlocking millions more through match funding and support.”

The platforms also formed a strategic partnership to drive the growth of crowdfunding across the UK. The collaboration will see the pair work jointly on a number of initiatives including raising awareness and knowledge of crowdfunding amongst UK fast growth businesses.

Crowdfunder MD, Phil Geraghty shared:

“Crowdfunding offers amazing growth opportunities for British business. This collaboration will raise awareness of the different types of crowdfunding to ensure projects get the support they need. This is an exciting time for the UK’s crowdfunding industry and this further collaboration will help cement the UK as one of the leading players globally in crowdfunding.”

Crowdfunder plans to use the funding to connect more projects to partners by expanding its team across three main areas: Business development, marketing, and tech.