It’s time for round eight.
Last year we set a new record as the first company on Crowdcube to raise £8m in less than six hours.
This round is a little different.
Earlier this year we raised money from existing and new institutional investors through a convertible loan note.
We’re now opening up that investment opportunity to our community of over 17,000 crowdfunding investors, and anyone else who wants to join!
When you invest this time, you won’t receive shares immediately. Instead, your investment converts at a later date (and within 12 months) into preferred shares in Freetrade.
That means that when this round goes live, there won’t be a valuation disclosed. Instead, the value of the shares you eventually receive will be determined when your investment converts.
Here are the timings for the day:
We’ll also be holding a community meetup next Tuesday 13 September, save the date. More details to follow very shortly!
See you soon,
Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Investment opportunities are not offers to the public and investors must be eligible Crowdcube members.