9th August 2016 | Media | Danielle
ISO Spaces achieves £450k in Crowd Funding.
We’re delighted to announce that ISO Spaces has achieved £450k worth of Crowdcube investment, the world’s first investment crowdfunding platform, to raise the capital which we will now invest in hiring new staff, increasing capacity and extending our production facility.
Crowdfunding is an increasingly popular method of raising finance which sees likeminded investors pool their money and knowledge to back start-up, early and growth stage businesses. The concept is similar to that which features on the popular BBC television series, Dragons’ Den.
ISO Spaces initially set out to raise £300,000 in return for 10 per cent of the business. The target was exceeded within four weeks with more than 300 investors contributing between £10 and £50,000.
“Our order book is already full through to 2017 but with this funding in place, we can take on even more work, creating new jobs in the process. We are also planning to extend our factory in St Austell by a further 5,000 sq ft to cope with the demand,” said Ben Treleaven, Co-Founder and Director of ISO Spaces.
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