We raised £7m from 8,559 investors
And smashed our £1m target along the way
Another day, another round of crowdfunding smashed!
Only five days after going live on Crowdcube and we’ve closed our latest funding round, having raised £7.1 million. More than 8,500 of you invested in this round and we raised our first million in just four minutes, from our previous investors only.
We’d always planned on going back to Crowdcube in 2020 and the meteoric growth we’ve seen so far this year only strengthened our belief that this was the right thing to do.
Still, it’s been incredibly humbling to know that, even in the precarious period in which we all find ourselves, investors old and new continue to have so much belief in us.
This isn’t only an investment in Freetrade. It’s also a meaningful indicator that you really believe in the vision to get everyone investing and think we’re the right company to bring investing to many millions of people across Europe and beyond.
What happens now?
The round has now closed, however due to the limits imposed by financial and EIS regulations we have to split this round into two offers.
This is merely a technicality, the price and terms are exactly the same in both offers. If your investment sits in the first offer you will have already received an email confirming the start of the cooling-off period. If not then you will receive an email in July when the second cooling-off period begins.
Once each cooling-off period is at an end, Crowdcube will complete your investment payment — something that generally takes 2–3 working days. You can read about the whole process here.
After your payment has been confirmed, you’ll get your Freetrade shares. Exciting times 🥳
What we’ll do with your investment
Since our last round of funding, we’ve built our own brokerage system, made instant trades free, launched fractional shares and started rolling out to customers in Europe.
But there’s still a lot more to do. This latest round of funding will (amongst many other things!) help us:
- Grow our team, particularly in the engineering and marketing functions
- Grow our customer base in the UK and Europe
- Launch Freetrade Plus, the much-awaited premium account
We can’t wait to get started 🚀
Investor rewards
One of the cool things about being a Freetrade investor is that you get some amazing rewards for taking part in our crowdfunding.
This latest round is no different.
If you’re interested in learning what rewards you’re eligible for then head over to the Freetrade Community. We have a whole thread just for investor rewards and you can also discuss all things Freetrade and investing.
And finally….
We’d like to say a big thank you to everyone that invested in our latest crowdfunding round.
It’s a clear signal that the vision we’re trying to achieve resonates with a LOT of people, and it’s awesome that so many of you are with us for the journey.
And now we’ll be getting back to work. There’s a lot to do!
Investing in startups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Always remember to look at the risk warning on Crowdcube’s website before investing.