With the global crowdfunding market predicted to reach $96bn by 2025, the rise of alternative finance has undoubtedly contributed to OFF3R’s meteoric success – set up by a serial entrepreneur and investor, and worthy of Everline Future 50 2016 status.
Craft beer’s meteoric rise is offering consumers an alternative drink to enjoy besides the ever dominant and mass-produced lager. And alongside the traditional routes of sale, there has also been a growth in online consumption – a concept Everline Future 50 2016 member HonestBrew is well-known for.
In the first section of a two-part feature charting the rise of crowdfunding platform Indiegogo, Real Business hears from co-founder Danae Ringelmann about how it came to fruition and the arts-based background that started it all off.
Challenger bank Mondo, which is mobile-first by design, is in the midst of a £6m hybrid investment round and wants customers to become investors by contributing £1m through equity crowdfunding service Crowdcube.
Indeed, running a startup business is pretty enjoyable, but unless you turn this into a real business then let’s be honest, it won’t last very long. But how can you make your venture a real business We conducted a handful of interviews to find out how successful companies climbed the ladder and transformed by managing finances.
After Real Business was granted exclusive early access to a report looking at the impact of reward-based crowdfunding both in the UK and around the world, we quizzed its lead author Barry James about the scope of his statistics and the impact crowdfunding could have in the future.
Some $1.1bn was invested in tech ventures through equity crowdfunding platforms in 2015, a trend which is set to spike sevenfold to $8.2bn by 2020 – and it is Britain which is responsible for the surge of interest in the funding method.
Equity crowdfunding platform Crowdcube experienced a record-breaking year as investments via the channel hit £83m in 2015, and 2016 will see the firm launch a Northern Powerhouse focus with a Manchester office opening.
The news that craft beer brand Camden Town Brewery was being bought by AB InBev left me with mixed emotions – was I sad that this great company was now in the hands of the world’s biggest brewer or was I happy that the UK had been home to such an inspiring growth trajectory
Craft beer subscription brand HonestBrew has tapped into the lucrative food and beverage crowdfunding space by raising over £400,000, and now has its sights set on scaling quickly while still maintaining a small company feel.
