The partnership will support social entrepreneurs and businesses that are seeking investment capital of below £50,000.
”I’m a big believer in crowdfunding and this partnership complements our work really well whilst also growing the retail investor base for social businesses. ” says Stephen Rockman, founder of Merism Capital, “Merism Capital connects constantly with social entrepreneurs, and because we focus on investment opportunities between £50,000 and £150,000, we can’t always work with everyone we think may be promising. So for those seeking smaller seed rounds, Crowdcube gives us a fantastic alternative funding channel.”
Crowdcube provides smaller funds for new ventures and uses the web-based notion of ‘crowdfunding’ where a community of like minded people pool their money and knowledge together to back an idea, business or person.
Entrepreneurs can bypass business angel or venture capital funding and use Crowdcube as a platform to connect with a nation of ‘armchair dragons’ to find investment. Crowdcube will offer a reduced fee of 3%, down from a standard 5%, to social enterprises referred by Merism.
“We see a partnership with Merism Capital as a great fit for Crowdcube,” says Darren Westlake, managing director of Crowdcube. “Both organisations target equity investment and share similar goals – to create worthwhile businesses which are profitable and offer a return for all involved.”
For more information on Crowdcube to see if crowdsourcing can help fund new social enterprises visit: www.crowdcube.com
