Numis buys 8.5% take in crowd-funding platform Crowdcube

Numis has acquired an 8.5% stake in crowd-funding platform Crowdcube for an undisclosed amount.

The stockbroker said Crowdcube has raised nearly £100m of investment through its platform since its launch in 2011, and amassed a 200,000 strong investor community.

Numis said Crowdcube has created an impressive business model and the investment provides a rare opportunity for the stockbroker to work with Crowdcube to enable high-growth businesses that are going public to access individual investors and institutions.

Chief executive Oliver Hemsley said: “Numis has a long track record of helping companies access funding for growth and this investment in Crowdcube will put Numis at the centre of the entire investment chain, from initial start-up capital all the way to IPO.

“We are very excited to be part of an innovative fintech solution to help the public markets evolve and connect retail investors and institutions directly with fast growing businesses and we look forward to working with the company in future.”

At 14:29, Numis shares were down 2.2% at 259.53p.