SouthWest crowdfunding helps City startup avoid venture capitalists

July 12, 2012 by
Filed under: News 

A London startup Escape the City has used Exeter-based crowd funding speciliasts Crowdcube to raise £600k in less then two weeks after turning down two offers of venture capital funding.

Initially the company raised £500k in 9 days and then extended the pitch by £100k to £600k, raising the extra tranche in under 4 days.

Ironically, Escape the City is a website that helps professionals to make career transitions. It has a community of more than 65,000 people who want to escape from unfulfilling corporate jobs – be it launching a start-up or joining a quirky company or non-profit organisation.

CASE STUDY: Escape the City

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