UK Crowdfunding website – Crowdcube launches.

February 15, 20110 Comments
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Whilst many crowdfunding websites revolve around arts and music ventures, Crowdcube concentrates solely on equity for new business and startups.  It’s also one of the few startups in the UK provide crowdfunding services.

If you fancy yourself as the next Peter Jones or Theo Paphitis, you can browse multiple profiles and business opportunities from companies seeking investment, who in return for your backing, offer not only future equity and shares, but other investment incentives such as invites to business launches, or promotional events. Micro investments from as little as £10 can be invested, giving anyone a chance to participate and become armchair dragons. Should a business be successfully funded, Crowdcube receives a five percent success fee. If the targets are not met, investors get their money back and no success fee is charged to the entrepreneur.

Whilst many crowdfunding websites have previously concentrated on the U.S. market, Crowdcube is a welcome addition to the U.K. crowdfunding scene, and in the tough economic climate where banks and other lending establishments are hard to persuade to part with cash, may offer an alternative way to get a business idea off the ground using the web. With a number of Financial Service Regulations related to this kind of service in the U.K, Crowdcube appear to have successfully navigated the legal minefield to get to market.

Here’s their promotional video, explaining what its all about.

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About the Author ()

Paul is a regular 30 year old web bloke / programmer with a penchant for online marketing. This blog is a personal outlet, with an eclectic mix of articles.

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