11. Crowdcube

The pioneer of equity-based crowdfunding, stamping a new path in alternative finance

Founders: Darren Westlake and Luke Lang
Founded: February 2011
Website: www.crowdcube.com

When Crowdcube launched in early 2011, crowdfunding was an alien concept to most – and unheard of as an alternative to angel-led seed funding. Little over a year later, the platform – which empowers a nation of “armchair dragons” to invest as little as £10 in return for business equity – has successfully funded more than 15 businesses, to the tune of nearly £3m. Furthermore, the founders have DRIVEN a new path, to help entrepreneurs access alternative finance streams.

As well as advising the Cabinet on how to effectively accommodate crowdfunding in mainstream legislation, they have partnered with similar platforms to launch the Next Generation Finance Consortium and Crowdfunding Accreditation for Platform Standards – pioneering the movement around the world.

Startups 100 by Startups.co.uk