Freetrade Obliterates £1m Crowdfunding Target Using Crowdcube

The Company Ended the First Day of their Crowdfunding Round with £5m Raised

Illustrated image based on Freetrade © and Crowdcube © Logos

Yesterday started as a typical day for me; I woke up, took my dog out for her morning walk, had breakfast, edited an article I had some feedback from and then out of the blue, a reminder lit up my phone.

“Freetrade Early Access Crowdfunding.”

I had set up the reminder a few days prior when I had a notification from Freetrade informing me, as a member, I’d have early access to the crowdfunding campaign hosted by Crowdcube.

I finished up my edits for this article and hopped over to Crowdcube to check out the campaign. I was already familiar with Crowdcube since Monzo used them in their crowdfunding campaigns too (of which I regrettably could only afford to buy one share at the time — I was in some dire straits).

When I saw the campaign page, I almost spit out my coffee. By the time I got there, they had not only already surpassed their target of £1 million; they had more than doubled it. As it stands at the time of writing, they have currently raised just over £5.5m ($6.7 U.S in the current exchange rate).

I quickly signed into my Crowdcube account and bought some shares (this time I could…