Equity Crowdfunding Platforms Report Strong Activity for 2015

Seedrs and CrowdCube both closed 2015 with strong fundraising results as the firms begin new campaigns for the 2016 period.
Photo: Ron Finberg

With 2015 behind us and a new year of business arriving, crowdfunding platforms have been reporting updates on last year’s performance. During the year, plenty of firms had already announced that 2015 was exceeding 2014 with strong growth across multiple jurisdictions with several company summaries below.

FundedByMe – The Swedish crowdfunding platform focused on Nordic startup investments reported that €6.9 million of capital was raised on their platform in 2015. The year represented 42% of the over €16.3 million that has been raised on the platform since its launch in 2012. Of that, the largest single investment was €260,100, with the smallest being €10.

Seedrs – It was a busy year for the UK based crowdfunding firm, headlined by Andy Murray partnering with them to increase their UK profile and the closing of a £10 million Series A round. During the year, 340 businesses from 24 countries raised more than £64 million on the platform. The figures compare to just over £22 million for 110 companies in 2014.

CrowdCube – Also closing their own funding round, with £6 million raised in a deal led by Numis. During the year, the platform breached the £100 million milestone for cumulative capital raised on their platform, with the figure now standing at over £132 million. Altogether for 2015, £73 million was raised, doubling 2014’s figure of £35 million. The platform also had its first two investments to exit, with Camden Brewery and E-Car Club being acquired. However, profit details to CrowdCube investors have yet to be provided.

OurCrowd
– Having launched in 2013, OurCrowd accumulated $100 million in capital raised on their investment platform through the first two years of their existence. That figure was doubled in 2015 as the firm announced that it has reached $200 million in total investments, calculating to $100 million of capital raised during the year. According to OurCrowd, their network has reached 10,000 accredited investors, with the size of the average campaign in 2015 standing at $2.26 million.

During 2015, OurCrowd also recorded the closing of its largest crowdfunding campaign, a $14.8 million deal, which at the time had been the largest in the industry. Beyond success on the platform, OurCrowd’s portfolio of 91 companies also recorded positive funding performance. During 2015, there were 22 follow on funding rounds for OurCrowd portfolio companies as well as three exits. Among them was BillGuard, a personal finance app provider that was acquired by P2P lender Prosper Marketplace.

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