Draper Esprit, one of Europe’s leading venture capital firms, has taken a £6 million stake in Crowdcube to accelerate growth and continue its drive towards profitability in 2019. Channel 4 is also investing via its Commercial Growth Fund following our record-breaking commercial performance in 2018, which includes rising revenues due to increased demand from businesses and investors both in the UK and overseas.

Our community will have the opportunity to invest alongside Draper Esprit, Channel 4 and Balderton Capital through a crowdfunding campaign, which will publicly launch on 14 November and will supplement the institutional investment. The round marks Balderton’s fourth investment in Crowdcube, and the second time Draper Esprit has backed the fintech pioneer, following its initial investment in 2015.

The funding comes as we achieved a record quarter for revenue, which reached £1.6m for Q3 2018, an increase of 60% on the same quarter last year. In the same period, investment pledged through the platform increased by 97% (£50.4m vs £25.6m). Meanwhile, annual revenue is forecast to rise to £6m in 2018, up from £3.9m in 2017 and £3.6m in 2016.

