Crowdcube raised a record £47.4 million for 58 businesses in the second quarter of 2018, bringing the full total raised to over £490 million.
The Exeter-based crowdfunding platform has reported a growth in revenue by 43 percent compared to the same period the year previously due to record activity levels.
Despite the increased revenues, the online platform still made a loss of £4.7 million.
“Our two consecutive record quarters are a reflection of real progress over a longer period by the team,” said Luke Lang, the co-founder of Crowdcube.
“By investing in the business, we’ve been able to develop our technology and processes to enhance the fundraising experience, allowing us to attract and support more companies and accelerate our revenue growth, while improving efficiency and productivity to manage costs,” he added.
“We’re getting fitter as a business while providing more companies with access to finance and bringing more investment opportunities to investors.”
