First Crowdfunding Exit Results in Multiple Return on Investment

CrowdCube, the United Kingdom’s largest equity crowdfunding platform, announced the first crowdfunded company exit with the sale of E-Car Club, the UK’s first entirely electric car sharing club for businesses and communities, to Europcar, Europe’s leading car rental and mobility company.

Started in 2011, E-Car Club raised GBP100,000 on CrowdCube from 63 investors, the largest of which was GBP15,000, smallest GBP1,500.

CrowdCube says that these investors received “a multiple return on their investment” but did not publish the actual return.

http://blog.crowdcube.com/2015/07/09/funded-club-business-e-car-club-creates-the-first-successful-crowdfunding-exit/ utm_source=Crowdcube&utm_campaign=7edd26eeca-e_car_club_exit_announcement_09_07_157_8_2015&utm_medium=email&utm_term=0_4922336022-7edd26eeca-317938569

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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