Curve fundraise easily surpassed the £6m raised during its 2019 crowdfund
Curve, the mobile payments app, has closed the largest ever equity raise on Crowdcube, smashing a number of records in the process.
The raise finished at 3pm on Thursday, hitting close to £10m in funding from a total of 11,795 investors.
Curve was the fastest company in history to raise £6m on Crowdtube, achieving the marker in under three hours as it went live on 25 May.
The fundraise easily surpassed the £6m raised during its 2019 crowdfund.
The recent campaign was aimed at ensuring Curve customers as well as retail investors follow in the path of some of technology’s leading institutional investors.
More than 4,000 retail investors took part in the first 60 minutes of the crowdfund, smashing Curve’s initial target of £1m within just 10 minutes of the round opening.
The funds raised this week follow the £132m Curve has raised in cash and capital commitments to-date to support its rapid growth, including the capital secured in the super app’s recent successful Series C, led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.
Curve will use the funds raised by crowdfunding and its recent Series C round to execute its ambitious growth strategy, focussed on its international expansion and product innovation. This strategy includes the rollout of its award-winning Curve OS platform in the US, broadening its European reach, and the forthcoming launch of Curve Credit in the UK, and in Europe.
Shachar Bialick, Founder and CEO of Curve, said: “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.”