Curve, a UK based fintech, raise £10m in just 54 hours, making it the largest equity raise on Crowdcube's record. The fundraise smashes the previous record of £6m, raised by the same fintech in 2019.
The latest fundraise by Crowdcube is the most popular one in 2021, attracting almost 12,000 investors in less than three days, as £6m were raised in the first three hours of the campaign going live.
"Hats off to Curve for another landmark raise with Crowdcube. They continue to impress investors with their unique proposition. It's a really exciting time for their shareholders, both new and existing," Crowdcube co-founder and chief managing officer, Luke Lang.
Commenting on the campaign, Shachar Bialick, founder and CEO of Curve, says: "Ever since our last crowdfund in 2019, our customers have been requesting another opportunity to take a share in Curve. So we launched this campaign to give the public a chance to join us as we embark on the next stage of our exciting journey when we reveal Curve Credit to the world and launch in the US."
"We've been blown away by the level of interest we've seen over the past three days, and I'm so excited to welcome nearly 12,000 investors on board," he added.
The crowdfunding comes on the heels of Curves recent successful Series C, led by IDC Ventures, Fuel Venture Capital and Vulcan Capital. The capital raised through crowdfunding and its recent Series C round will be used by Curve for further international expansion and product innovation.
These days, Curve is planning to rollout its OS platform in the US, broadening its European reach, and launch Curve Credit in the UK and Europe.