Crowdfunder

Update on Crowdfunding in Europe

Seedrs Raises $15.6M To Launch In US

Seedrs Raises $15.6M To Launch In US

CrowdFundBeat News Wire The round is being led by two of Britain’s most prominent and respected institutional investors, Woodford Patient Capital Trust (WPCT) and Augmentum Capital: WPCT is the £800 million investment trust managed by Neil Woodford, who is widely considered to be one of the UK’s leading fund managers over the past 25 years. Augmentum Capital is a leading venture capital firm whose current fund is wholly backed by RIT Capital Partners plc, the award-winning FTSE investment trust chaired by Lord Rothschild. WPCT and Augmentum are investing £7.5 million between them. The other £2.5 million will be made available to current shareholders and new investors through a Seedrs crowdfunding campaign. Details…

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Crowdfunding Exit Results in Multiple Return on Investment

Crowdfunding Exit Results in Multiple Return on Investment

CrowdFundBeat News Wire, Funded club business E-Car Club creates the first successful crowdfunding exit. CrowdCube, the United Kingdom’s largest equity crowdfunding platform, announced the first crowdfunded company exit with the sale of E-Car Club, the UK’s first entirely electric car sharing club for businesses and communities, to Europcar, Europe’s leading car rental and mobility company. Started in 2011, E-Car Club raised GBP100,000 on CrowdCube from 63 investors, the largest of which was GBP15,000, smallest GBP1,500. CrowdCube says that these investors received “a multiple return on their investment” but did not publish the actual return. E-Car Clubs sale to Europcar creates a world’s first successful crowdfunding exit.…

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Top 15 European “Peer-to-Peer” Lending Services

Top 15 European “Peer-to-Peer” Lending Services

By David Drake CrowdFundBeat Sr. Guest Editor,  Chairman, Drake Hospitality Group, Crowdfunders generally fall into different categories like equity, donation, reward and debt. The last one is also known as microfinancing or what is commonly referred to in Europe as “peer-to-peer lending.” Funding is generally in the form of a simple loan, but over time, other instruments may possibly evolve from this. Here are the top 15 up-and-coming peer-to-peer lenders that are making the financial waves in Europe. This is an update to a previous top 10 list published on Forbes last March 26th. 1. Zopa – This London-based P2P lender offers loans of up to £10,000 where individual borrowers deal directly with…

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FCA RULES FOR NON-READILY REALISABLE SECURITIES AND IMPACT ON CROWDFUNDING

FCA RULES FOR NON-READILY REALISABLE SECURITIES AND IMPACT ON CROWDFUNDING

BY Dr Avtar Sehra Quantitative Analytics and Risk Management Director Introduction The FCA Consultation Paper (CP13/13) and the resulting Policy Statement (PS14/4) outline the FCA’s position on investment (equity/debt security) crowdfunding, and how this differs from loan crowdfunding (P2P/P2B). These papers highlight the significant risks investors face when investing in unlisted securities that are hard to value independently or sell on a secondary market. As a result it is required that firms offering such investments on crowdfunding platforms (or using other media) only promote these to certain types of retail investors (discussed below). Where no advice has been provided to retail clients it is also proposed to…

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Press Release