GamCrowd, the UK-based equity crowdfunding platform, is delighted to announce that it has closed its initial equity crowdfunding round after successfully ‘self-funding’ on its own platform, GamCrowd.com. The company overfunded by 15% and CEO Chris North is very happy to have successfully completed the campaign.
He said, “We have proven our platform and recruited 44 top quality investors from the gambling industry including big names such as Simon Collins, Brian Mattingley, Ebbes Groes, Mark Blandford, Tom Hall, Melissa Blau, John Kinder, Matt Davey and many others. We are now getting ready to put some exciting start-ups live on the site and helping them to raise funds for their business.”
With the mission of bringing crowdfunding to the gambling industry, GamCrowd joins the ranks of a rapidly growing alternative finance industry. According to the UK Alternative finance benchmarking report, the UK alternative finance market provided £463m worth of early-stage, growth and working capital to over 5,000 start-ups and SMEs in the UK between 2011-2013. In addition, Equity-based crowdfunding grew by 618% from 2012-2013.
Having successfully raised just short of £230,000 seed round, GamCrowd will now attend the Excellence in Gaming show (EIG), on 21-23rd Oct where they will be supporting the Launch Pad and Start-up Villages in partnership with organisers Clarion Events.
For more information, check out the GamCrowd website for updates or contact the creators below.
Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of your investment and dilution and it should be done only as part of a diversified portfolio. GamCrowd is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest with GamCrowd once you are registered as sufficiently sophisticated. For the full risk warning please click here. This page has been approved as a financial promotion by Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority. Investments can only be made on the basis of information provided in the pitches by the companies concerned. Neither GamCrowd nor Resolution Compliance Limited takes responsibility for this information or for any recommendation or opinions provided by the companies. All figures in this press release which refer to past performance should not be used as a reliable indicator of future results. All future forecasts used in this press release should not be used as a reliable indicator of future results.
GamCrowd Limited is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). GamCrowd Limited is registered in England and Wales. No. 08702280. Registered address: Palladium House, 1-4 Argyll Street, London, W1F 7LD
Crowdsourcing activities are not regulated by the Financial Conduct Authority.
Background information for Editors:
GamCrowd is an equity crowdfunding and sourcing platform focused on the gambling industry. It is based in London, UK and provides a platform for industry professionals and investors of all types who will provide support for the establishment of new businesses in the gambling sector through equity crowdfunding and with general support through crowdsourcing. GamCrowd has been launched by experienced gambling industry entrepreneurs that have a successful track record with various start-ups and who understand the challenges involved with starting a business in the gambling industry.
Chris North will be available for comment and interviews. You can contact him below.
Media Contact
Company Name: GamCrowd
Contact Person: Chris North
Email: Send Email
Phone: +447971121916
Country: United Kingdom
Website: http://www.gamcrowd.com/
Source: www.abnewswire.com
