The Latest Crowdfunding News – 11/5/16

Crowdfunding News – All The Latest Updates

Hi guys welcome to our fortnightly crowdfunding news round-up. As usual we will be giving you a snapshot of the latest crowdfunding news, today’s edition is slightly different as we save our crowdfunding air miles and pretty much stay on home soil. If you missed our last crowdfunding news round-up, catch up here.


Paypal Tightens rules on crowdfunding

PayPal Crowdfunding

Paypal will stop protecting payments made to crowdfunding projects in several countries, the online money transfer platform has announced. (BBC, May 2016)

The countries affected by this new rule include The United States, Canada, Japan and Brazil. However, this does not include the UK.

The money transfer company is altering its payment protection policy and lining it with the investment risks. However, they have not stated if it would be rolled out any further.

In addition, Paypal are withdrawing protection for gambling transactions and payments made to government agencies.

The San Jose based company told the BBC : “This is consistent with the risks and uncertainties involved in contributing to crowdfunding campaigns, which do not guarantee a return for the investment made in these types of campaigns.”

Read more on the topic here.


SyndicateRoom Launches New crowdfunding Of Its Own

Crowdfunding News


The Cambridge based crowdfunding platform SyndicateRoom plans to raise up to £2.3mln of new funds, via its own crowdfunding platform, as it looks to further expand its operations according to Proactive Investors.

SyndicateRoom are currently working on an aggressive growth strategy and with the help and support from equity funding it aims to increase its workforce.

The new Series A funding round opened yesterday via their own platform for investors.

SyndicateRoom’s chief executive Goncalo de Vasconcelos stated in Proactive Investors : “We now know that there is strong appetite for equity investment in the UK – for private companies and in for those in the public markets – and today’s report serves as evidence.”

The company now operates via the London Stock Exchange (as mentioned in a previous article). This new crowdfunding route for LSE listed companies means that private investors are able to participate via their crowdfunding platform in institutional placings and IPOs which would otherwise be off limits to them.


Commodore 64 Returns With Modern Tech In crowdfunding campaign

Commodore 64 Crowdfunding

One for all you retro gamers out there! The best selling computer from the 1980’s has evolved with two new machines, as well as a new desktop computer called THE 64, the Commodore 64’s (C64) innards are being re-spun into a handheld console named THE 64SX.

According to The Independent : “Both are set to come with a range of built-in titles which the maker, Retro Games, promises will include some newly-created programs.”

Before either machine can get off the ground, the company has to raise $150,000 via crowdfunding platform Indiegogo where the computer version costs $150 and the handheld version costing $170.

If this campaign sounds appealing get involved here.

Image source : Independent


Science Museum Launches Kickstarter To Recreate 1920s Robot Ahead Of Robotics Exhibition In 2017

Science Museum Robot Crowdfunding


The London Science Museum has announced that it is currently working on a new exhibition set to open next year that will celebrate 500 years of robots. The exhibition will feature an array of humanoid robots that visitors can interact with.

In addition, the Science Museum has also launched its first Kickstarter crowdfunding campaign to raise funds to help recreate the first robot to be built in the UK – animatron named Eric that was originally built in the late 1920’s, the idea is that Eric will deliver a talk at an engineering exhibition.

The London based museum wants to raise £35,000 to create a new version of the robot using industrial waste parts modelled on archive images of Eric collected from relatives of the robot’s original creators, and then send Eric on a tour around the world before he features in the Robots exhibition and becomes a part of the museum’s permanent collection. (IBT, May 2016).

Ben Russell, an economic historian who is lead curator of the exhibition told IBT : “I think museums using crowdfunding is a rising trend. What’s nice for us is that we get to do this amazing project, and it gets people engaged and thinking about robots before the exhibition opens. The money is always helpful for a museum in these times, but what’s very interesting is that it allows us to reach out and find like-minded people out there who might not otherwise come across us.”

Have an interest in robotics and crowdfunding? If so, get involved here.

Image source : IBT


Crowdcube Officially Opens New Manchester Office

manchester crowdfunding

Crowdfunding portal Crowdcube has officially opened its new Manchester office.

Crowdcube revealed earlier this year that they would be having an additional office in Manchester, the north west has been a key place for the crowdfunding platform as it has raised more than £1.4 million in the last two years on helping a selection of businesses in the region.

Crowdcube’s commercial director Matt Cooper told Insider Media: “We’ve already been working with businesses in the region but my view was that we needed to have a presence here. The process of raising money as an entrepreneur is not very straightforward. It’s still a process where they want to meet people to talk them through the options. We’re the only equity crowdfunding business with an office in the region and our door’s always open. We’re starting with one person in Manchester but we’re looking to build out the team if there’s demand and all the indications are that there will be.” (Crowdfund Insider, April 2016).

Unfortunately at The House Crowd we can’t help you crowdfund your company’s office BUT we can offer you some handy guides on Manchester (North and Central).



What Are Your Thoughts?

Which of our chosen crowdfunding stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

Register Now For More Information

The Latest Crowdfunding News – 20/1/16

Crowdfunding News – All The Latest Updates

Hi guys and welcome to our fortnightly crowdfunding news edition, as usual we will be covering an array of interesting crowdfunding topics from the UK and around the globe. If you missed our last edition, you can catch up here.


Corbyn To Donate ‘Dream Bike’ Crowdfunding Money To Charity

Corbyn Bike

Last week we read about that Corbynistas raised money so Jeremy could have his dream bike, a Raleigh Criterium.

His supporters raised £6,000 with over 200 people taking part in the crowdfunding campaign. While the initial idea was to purchase the bike for Corbyn, the MP for Islington North told the Independent on Sunday he will give the crowdfunded donation to charity.

Corbyn mentioned that he would purchase the bike with his own money as a 67th birthday treat, so it looks like he’ll running around for a bit until the end of May!

He has not stated on which charity that the crowdfunding money will go to, but Ian Jordan (who set up the crowdfunding campaign) has suggested it would go to Calais Action – a cause that Corbyn has shown a lot of support to recently.


London Cabbies Set Up £600,000 Crowdfunding Campaign For Anti-Uber Legal Bid

London Cabs Crowdfunding

A London cab driver’s wife has launched a £600,000 crowdfunding campaign to take on cab-hailing app Uber’s license in the courts. (The Evening Standard, January 2016)

Artemis Mercer’s Action for Cabbies group is seeking a judicial review of the licence granted to the company in 2012 by Transport for London (TfL).

Mercer claims claims that TfL have failed to enforce the law on the likes of background checks and disabled access.

Her Action for Cabbies group said that the issue had to be taken in a radical way to save the black cab drivers and the future of the black cab trade.

She said: “When Transport for London granted Uber a license in 2012, it became a law maker instead of the law enforcer it should be.” (The Evening Standard, January 2016)

The app has shaken up the city’s taxi service since it was launched and has led to many protests by black cab drivers.

Last year, the Licensed Taxi Drivers’ Association received bad news when a High Court judge dismissed their claim that the transportation app was breaking the law in the way it calculates fares.

Artemis Mercer hit back saying “When you travel in a black cab, your driver has invested three to four years in training at their own expense – that’s why black cabs are voted the best taxi service in the world”.

If this is something that you also feel passionate about, click here to find out more.


Equity Crowdfunding Platform Crowdcube Targets The Northern Powerhouse

Crowdcube Manchester

Crowdcube is set to open a new office in central Manchester which opens in February. The new Manchester branch will make it easier for local young businesses to obtain finance by using equity crowdfunding over traditional sources. (MEN, January, 2016)

The company’s commercial director Matt Cooper told MEN that they are determined to to put Crowdcube at the heart of the creation of the Northern powerhouse.

He also mentioned that they already have a very vibrant investor community in the north and that there is definitely an exciting opportunity to take the North West start-up scene to the next level.

Ideas Britain CEO Adam Shaw stated in MEN that “Having a top-notch crowdfunding platform in place to support Manchester brings a new dimension of potential for the city’s entrepreneurs, and it’ll help to keep momentum flowing in a region that’s already synonymous with innovation and big ideas.” (MEN, January, 2016)

Does the Northern Powerhouse interest you? If so, why not take a look at our very own Manchester guides (North and Central).


China Crowdfunding Platforms Raised $1.7B In 2015

China Crowdfunding

Even though China’s economy grew by 6.9% last year (its slowest growth in a quarter of a century), according to China Money Network, a total of RMB11.4 billion (US$1.7 billion) have been raised via crowdfunding platforms in China in 2015, up over four times compared to the year before.

However, according to Chinese P2P platform the number is only a quarter of the RMB49.5 billion (US$7.5 billion) that was expected to be raised for the year.

What was interesting to see from the data was that an aggregate of 49,242 projects sought to raise money on crowdfunding platforms in China last year, of which around 69% are reward-based crowdfunding, while charity crowdfunding and equity crowdfunding each took 15%.

The reports forecasts that equity crowdfunding will enter a rapid growth period, while reward-based crowdfunding will become a new model for Chinese consumers going forward.


Crowdfunding Site Indiegogo Announces Its Intention To Work More Closely With The World’s Biggest Corporations

Indiegogo Big Companies

Known for helping smaller scale businesses out, Indiegogo has revealed it wants to help the world’s biggest corporations and crowdfund their own research ideas and get customers to vote with their wallets on which to develop by pledging cash to back their favourites.

Indiegogo said that firms would be able to ask its users to suggest ideas for which it could then seek financial backing and input from potential customers. They could also put out their own projects to gauge the potential market and attract funding and would receive promotional and strategic support from Indiegogo staff, it said. (BBC, January, 2016).

The crowdfunding site stated that their programme was open only to Fortune 1000 and Global 500 companies.

Duncan McCann, a researcher at the New Economics Foundation makes an interesting point about the big players who are entering Indiegogo’s programme. “What you get is the established players moving in once people are comfortable with the concept. It will be interesting to see how it plays out. Will we see people going to other platforms?” (BBC, January, 2016).

His major concern is not so much that big players have a way of doing or achieving something smarter, but more to do with the fact that it could drive out the real entrepreneurs who will be the real future engines of the economy as he puts it.

He goes on to say that Customer loyalty these days is disappearing, so engaging people with products is a huge benefit. The big players really can’t lose.

Image Source : Indiegogo 


What Are Your Thoughts?

Which of our chosen crowdfunding stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

Register Now For More Information

Congratulations to Crowdcube

Crowdcube the UK-based equity crowdfunding platform, announced this week that it raised £12.2 million in 2013 a 550 percent increase on the previous year. That’s fantastic – well done! Crowdcube were one of the inspirations behind The House Crowd (for which we are very grateful) and we are pleased they are doing so well. Their co-founder Luke Lang stated: “This last figure is really encouraging as it demonstrates a real appetite for Crowdcube investors to back multiple businesses listed on Crowdcube and shows level of sophistication; investors are wisely building portfolios to spread risk rather than having all their eggs in a single basket”.

Crowd funding throughout the USA and the UK is growing at a superb rate (despite the efforts of the FSA to regulate it out of existence). It is giving birth to innovative new companies, creating jobs (we now have 24 builders/tradesmen working for us full time), fueling growth and giving investors the opportunity to cut out the greedy middle men and earn a decent return on their hard earned money.

Crowd funding is making a paradigm shift in the way  enterprises, entrepreneurs, non-profits, and individuals raise capital. Crowdcube are the leaders in their sector and we have established ourselves as the clear leaders in the crowd funded property investment space. We plan to emulate their success and are currently developing plans for major growth this year. Watch this space!