Crowdcube’s Spain Equity Crowdfunding Site Surpasses €1 Million for Six Startups

30 Mar

A Barcelona-based drone company,HEMAV, broke the record for the largest equity crowdfunding round in Spain raising €450,000 in just six days

By Robert Hoskins

Spain – Crowdcube opened its Spanish operation just nine months ago. Since it launched, over €1 million has been raised by its investor base who can invest anything from €10. The largest investment to date has been €112,000 and the average investment €3,290. The finance raised has funded six businesses operating in a range of sectors including food and beverage, finance and business services.

Crowdcube enables anyone to invest alongside professional investors in start-up early stage and growth businesses

Crowdcube.com enables anyone to invest alongside professional investors in start-up early stage and growth businesses through equity, debt and investment fund options

One of the businesses to raise finance on the platform was HEMAV, a Barcelona-based drone company, which broke the record for the largest equity crowdfunding round in Spain. The company raised €450,000 in just six days after attracting investment from more than 70 people.

The most recent business to successfully raise investments on the site was Zank, a peer-to-peer lending platform, which raised €245,000 from over 70 investors. As part of the round, the company also received funds from ESADE Ban, the business angel network of the ESADE business school . Zank was the first lending platform in Spain to secure funding through crowdfunding.

Crowdcube Spain has also raised investment for, Iberic Box, a company that sells traditional Spanish food; Eureka Startup Experts, a marketplace that connects entrepreneurs with advisors and industry experts; FoodintheBox, a subscription box service for cooking ingredients; Seedbox, a subscription box for growing vegetables at home.

Managing director of Crowdcube Spain, Pepe Borrell, commented, “There is a real gap in funding for start-ups and early stage businesses in Spain so I’m pleased that we’ve already been able to fund six businesses and that Spanish investors are embracing crowdfunding. The alternative finance sector has grown at a rapid pace in the UK and we’re now seeing the same trends emerge in Spain. There’s a huge potential market for crowdfunding in Spain so we’re excited about the future of Crowdcube Spain.”

Darren Westlake, CEO and co-founder of Crowdcube added, “Having a strong presence at a local level is key to the success of our overseas operation, and to ensuring Crowdcube’s remains the world’s leading investment crowdfunding platform; so it’s great to see Spain achieve these milestones at such an early stage.”

There are currently eight businesses on Crowdcube Spain pitching for a total investment of €995,000.

Crowdcube Spain is one of seven partnerships in Crowdcube’s overseas operation, the company now has platforms in Brazil, Sweden, Dubai, Poland, Italy, Spain and New Zealand.

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