Merism Partners Crowdcube to Fund Entrepreneurs
Merism Capital, the social impact seed fund, has partnered with Crowdcube, the first crowdfunding website in the world to offer ordinary people equity in exchange for investment. 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% (normally 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.”
Visit Crowdcube to learn more about how crowdsourcing can help fund new social enterprise and see the previous story Crowdcube Matches Small Businesses with Equity Investment