University of Exeter-based Crowdcube, has launched the World’s first crowdfunding website which enables ordinary people to buy shares in start-up and growing businesses and offers equity in exchange for investment.
Crowdcube aims to make access to finance easier for entrepreneurs of newly formed and growing small businesses. Instead of competing for limited business angel or venture capital funding, start-ups can use Crowdcube as a platform to connect with a nation of ‘armchair dragons’ to find investment.
“The task of securing business investment is notoriously difficult. Banks adopt a no-risk approach to lending while business angels and VC funding are difficult to access,” said Darren Westlake, co-founder and managing director of Crowdcube.
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