Crowdcube has announced plans to launch its own crowdfunding campaign, with a £2m allocation being offered to retail investors on a first-come, first-served basis.
In a note to investors, Crowdcube’s chief executive and co-founder Darren Westlake said that following “overwhelming interest” from the platform’s community, it will soon be launching its own pitch to give investors the opportunity to own shares in Crowdcube.
“It’ll be a small round with a £2m allocation for the crowd that will be offered on a first-come-first-served basis,” Westlake said.
“So, if you’re considering investing, please express your interest to ensure you get early access before the pitch goes public.”
Westlake also announced a new strategic investor in the platform – global technology platform Circle.
Circle recently acquired US-based crowdfunding platform SeedInvest.
“Circle’s investment in Crowdcube represents the largest equity investment it has made to date in Europe and marks a strategic relationship that aims to create a global marketplace for investment into private companies,” said Westlake.
Crowdcube is also backed by Balderton Capital and Molten Ventures – formerly known as Draper Esprit.
It has been a busy day for crowdfunding news, with Seedrs announcing that it has been acquired by US-based investment group Republic in a deal worth $100m (£75m).
Earlier this year, Seedrs and Crowdcube called off a planned £140m merger following reports that the Capital Markets Authority would block the deal.
Read more: Crowdcube raises £10m for global expansion