It's quite an exciting and jam-packed crowdfunding update today yet again!
Revolut launch in Japan. 🇯🇵 Japan is Revolut's first completely non-english speaking market. Revolut’s last valuation was £4.3bn, and they were last known to have ~13m customers, and had tripled their revenues YoY to reach ~£160m in 2019.
- In similar news, An early revolut employee (George Robson) has joined Sequoia's newly formed european office; Sequoia are one of the most successful VC firms in the world (Exited Linkedin, Youtube, SkyScanner, etc). The establishment of their EU office has been seen as a sign of the EU tech/venture scene maturing.
Bike Club, a bike rental service for children, secured a ~£5.7m VC round. 💰Codex Capital, a relatively obscure firm, led the round. The Bike club last raised on Crowdcube in March earlier this year at an ~£8.6m post money. Unusually for a crowdfunded business, they were profitable when they raised. They have grown from ~500 to ~16k bikes. this year.
Brewdog have launched their latest crowdfund. 🥂 Their ‘Equity for Punks Tomorrow’ campaign (invest here) has already raised £3m, and is fully managed by Brewdog. In true Brewdog form, they also recently launched their sustainability initiative: Brewdog Forest. This has/will position them as the most carbon negative brewery, they claim.
The brewdog founders showcase their 2k acre forest, planting a tree for every investor. Investors will be able to find their tree using What3Words.
Seedrs Alumni and gambling platform Football Index grew 300% annually over the past 3 years, reaching #2 on the Sunday Times’ Tech Track 100 league table, behind Revolut. 🚀
TagSmart, an Art/Anti-fraud startup and Seedrs Alumni, gets sold at a 95% loss to crowd investors. 📉 The business cited COVID-19 and/or running out of cash as the cause of failure.
Curve may be crowdfunding again soon - the 'all-your-cards-in-one' fintech may crowdfund to supplement their rumoured £100m Series C, with Crowdcube recently sharing an email to gauge interest amongst their users. Their raise was notorious for it's opacity, but also having broke records - raising ~£7m across ~9k investors in record time.
Private Live Campaigns 👤
Boring Money - Popular Investment product review site. Not quite private anymore, but has proved popular amongst crowdfeed members, so felt it appropriate to highlight their campaign. Invest here.
Abundance - Investment site with an ethical focus, raising through the future fund. Invest here.
London Sock Company - Sock subscription company. Invest here.
⚠️ Warning! Private/pre-emption campaigns, such as those above, often don't have much information available. This is because the raises are intended for existing investors who have been kept informed of business developments anyway. As always, invest with caution.
Upcoming Campaigns 📆
Wirex are crowdfunding! Wirex are a crypto/fiat payments platform/app founded in 2014 and backed in 2017 by SBI holdings (part of SoftBank - backers of WeWork, Slack, ARM, etc). This crowdfund would make them the largest company (by revenue) to have crowdfunded in the UK. Pre-register here.
Would you like a blog post on Wirex? Let me know in the comments.
Investr A social investment app with 1m users. Pre-register here.
Snoop. A savings app (not unlike Chip, Plum, etc) founded by an ex-Virgin Money exec and backed by Salesforce Ventures. Pre-register here.
CityFalcon - Financial news platform due to raise via the future fund soon. Pre-register here.
Tandem Bank - Upcoming pre-emption campaign for the once credit card oriented (now savings oriented) neobank.
DeadHappy, the life insuretech, are currently live on Seedrs. There'll be a due diligence blog post on their campaign soon 👀
As always, the pitch deck library is very much still in development. Please continue to feel free to send any pitch decks (failed companies only for now) to firstname.lastname@example.org. 👌Thank you!
Dont forget that crowdfeed has an app! 😍 You just download the Wix app on the play/app store and use invite code "6M1FGU" or just click here.
Thanks for reading! Please do let me know your thoughts on this post in the comments below (e.g. if you'd like a blog post on Wirex for example, please let me know!). Feedback is always appreciated too! 🤗