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eMoov Sets New Crowdfunding Record

Published On: September 30, 2015 at 1:55 pm


Categories: Landlord News

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eMoov Sets New Crowdfunding Record

eMoov Sets New Crowdfunding Record

Online agent eMoov hit £2m in its crowdfunding campaign yesterday, making it the greatest raise for a property website.

The firm originally hoped to raise £1m by the end of September in exchange for 5% equity in the business, giving eMoov a valuation of £20m.

Yesterday afternoon, the pitch on Crowdcube hit £2,036,760 from 536 investors, equivalent to a 9.68% stake in the company.

Today is the last day of the campaign.

One analyst, Eddie Holmes, says that eMoov’s fundraising is among the top five for all business types on Crowdcube, and if the total reaches £2.5m, it will be in the top five in Europe.