Crowdfunder has raised £870k towards their £1 million target to offer additional funding and support to over 150,000 social enterprise, charity and business projects across the UK. Crowdfunder has launched an equity raise on the world’s leading crowdfunding platform, Crowdcube, to raise £1 million to expand enabling the business to support over 150,000 more projects.
Phil Geraghty, Managing Director of Crowdfunder said: “Since 2012 we have grown Crowdfunder by a factor of 10, and become the UK’s #1 crowdfunding platform* – raising over £10 million for thousands of social enterprises, charities, businesses and individuals across the UK. We believe that crowdfunding has a huge role to play in the future of social investment and we are looking for shareholders who share our passion for this sector.”
Crowdfunder has helped some amazing project with huge social impact including Positive News who raised £263,000, Newquay Orchard who raised £66,000, FC United of Manchester raised over £50,000 and The Secret Pillow project raised over £30,000 to help empower women through enterprise.
Alex Soskin, Managing Director of Impact Hub Westminster: “Having directly supported over 2,000 social entrepreneurs and innovators, we can see the value that crowdfunding brings to the social enterprise sector. Many of these organisations have to work harder to find the funding model that works for them due to their focus on producing both social outcomes and financial returns. We are happy to hear about this announcement from Crowdfunder, which can complement our existing crowdfunding accelerator (Raise Impact), and other services in support of social enterprises across the UK.”
Crowdfunder has also successfully raised £662,000 for community shares projects, including £263,000 for Positive News.
“It’s a really exciting time for community projects which need funding,” said Dave Boyle, of Crowdfunder partner, the Community Shares Company. “Crowdfunder’s move into community shares is already enabling hundreds of projects to get the support they need. But we can do more – and so if you want to make an investment that could deliver a social return, Crowdfunder’s raise could be attractive for you.”