House Crowd Tops National Averages
The House Crowdâ€™s unique crowdfunded property investment fund is outperforming national averages for investment in crowdfunded platforms, according to new figures released.
Over Â£1,700 an hour is currently being generated nationally through crowdfunding initiatives and 2,600 projects have been launched, with cumulative capital raised of Â£5.7m, according to new statistics from the Crowdfunding Centre.
But this pales in comparison to the Â£70,000 often raised in a single day when The House Crowd launches a new project, which works out at an average of Â£2900 an hour being invested.
The figures demonstrate that crowdfunding’s surging popularity in the UK shows no signs of abating.
The funding model enables ventures to attract backing from a wide number of investors usually by means of an online platform.
One of the benefits of crowdfunding is that it can be deployed to raise revenue for any number of causes, start-up businesses or investment funds, with people able to communicate their proposal through online platforms to interested parties.