Circle Internet Financial, LLC, owner and operator of SeedInvest, a leading startup fundraising platform in the U.S., today announced they are leading Crowdcube’s $13.5 million round by taking a stake worth approximately $10.5 million in the business, aligning two of the most prominent and pioneering platforms in their respective markets. Crowdcube has the U.K’s biggest startup fundraising platform. This strategic partnership will pave the road to global internet-native capital formation at all levels of private fundraising, including public offerings.

Online, crowdfunding has been a niche market in the United Kingdom and America for a long time. But, that all changed with the introduction of new European-wide rules. Crowdcube will use the investment to help accelerate its entry into new European markets. This is due to Crowdcube’s recent European regulation which provides uniform European rules for crowdfunding services that are investment- and lending-based.

The investment, made via (USDC), the leading dollar digital currency powering always-on internet-native commerce and payments, supports Crowdcube’s goals to enable entrepreneurs to raise capital from their dedicated communities and is Circle’s largest strategic investment to date in the European market. Circle’s main focus is to level the playing field between entrepreneurs and investors. In 2019, Circle purchased SeedInvest.

The moment is pivotal for online private capital fundraising. Crowdcube has been a wonderful partner and we are delighted to celebrate the significant milestone in the industry’s global growth.
Ryan Feit is SeedInvest’s CEO and co-founder.

The expansion of online crowdfunding to new markets opens up a huge opportunity for internet native capital formation. Individuals and businesses are able to connect with each other and transact electronically from any location.
With the recent regulatory changes, companies in the European Union can now raise up to €5m from European investors (and additional capital from investors in the U.K. and U.S.). Crowdcube last week announced that it plans to become the first platform to receive pan-European approvals and U.K. regulatory approvals. Crowdcube’s first-mover advantage in Europe will give investors and entrepreneurs access to cross-border equity opportunities.

Crowdcube’s combination of Circle’s strategic investments and our decade-long knowledge and experience in capital raising in Europe makes Crowdcube a very well-positioned company to take advantage of Europe’s high-growth investment market. “Capital raising and private investment have never been more exciting.”
Darren Westlake is the CEO and co-founder of Crowdcube.

“In our first instance, Crowdcube is considering a crowdround. Circle and Crowdcube will be participating in the round. We are supporting Europe’s growth as Europe’s leading private investment platform.”
Feit will join Crowdcube’s Board to help guide their European expansion. Circle will join Draper Capital and Balderton Capital as well as a group of prominent entrepreneurs who invested in Crowdcube. Crowdcube will also open this investment opportunity to users on their platform who are passionate about supporting the company’s growth.

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