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ANewImage paper published by researchers from the University of St Andrews and the University of Stirling, suggests banks, venture capitalists and business angels are now being “crowded out” by equity crowdfunding platforms

Equity crowdfunding is quickly becoming a “crucial source” of early stage growth capital, new research suggests.

A paper published by researchers from the University of St Andrews and the University of Stirling, suggests banks, venture capitalists and business angels are now being “crowded out” by equity crowdfunding platforms.

Image: http://www.dailyrecord.co.uk