Fundraising

Curve smashes crowdfunding target on CrowdCube

Amazing result from the guys at Curve in raising their target £1m fund-raise in FOUR MINUTES (!) and hitting £6m within five hours…

Seriously!?! A truly phenomenal result for the team there and, to be fair, it’s a great product (as I’ve already got a card myself and love it!).

Anyhow, most startups are not going to see these sorts of results and we shouldn’t lose sight of how far along these guys were already in their growth plans. See the video for more.

Using SEIS / EIS to boost funding

For most UK startup founders, they shouldn’t lose sight of the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) to help attract and boost funding.

These are attractive tax incentives that benefit the investors directly (in income tax and capital gains tax reliefs) and you as the founder indirectly (as the investors should be more willing to invest in your company).

Unfortunately, the rules around SEIS/EIS can be complex so please reach out for help.

Read more from Curve:
https://discover.curve.app/a/fintech-curve-smashes-crowdfunding-target

Link to Crowdcube fundraising page:
https://www.crowdcube.com/companies/curve/pitches/Z1n3gb

Crowdfunding: A useful tool for navigating sources

Screen Shot 2013-05-21 at 22.17.22With a new crowdfunding platform emerging seemingly every week, it has become increasingly difficult to keep track of them – let alone their particular business model, approach and fee structure.

NESTA has released a timely online platform that provides a useful summary of the key features of the various crowdfunding platforms available right now.

There are some useful filtering tools plus some high level tips and additional information for founders seeking funding and potential investors. It may have been helpful for the site to list a little more info on SEIS / EIS funding opportunities given the extra kick starter this can provide for UK businesses.

Overall, I hope this site is maintained as it should prove to be a useful resource.

Click here to access the platform.
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