Crowdcube funded SMEs reach final of Richard Branson competition » SMEInsider

Crowdcube funded SMEs reach final of Richard Branson competition

Nine SMEs have been selected as finalists for Virgin’s ‘Pitch to Rich’ competition, including three small businesses that gained alternative funding on Crowdcube.

CauliRice, Fourex and JustPark have beaten over 2000 rivals in order to get to the final. These businesses are now within touching distance of the grand prize – a £1m business accelerator prize fund.

The nine finalists were chosen through public voting system and were then selected by a judging panel, which included  perfume specialist Jo Malone, founder of Shutterstock  Jon Oringer, model and entreprenur David Gandy and co-founder of Mumsnet Justine Roberts.

There are three separate categories within the final of Pitch to Rich, with Crowdcube being represented in all three. CauliRice is competing in the Start-up category, Fourex in New things and JustPark in the Grow category.

‘‘This is a real testament to the high quality and calibre of businesses that choose to raise capital on Crowdcube. It also proves how credible the ‘wisdom of the crowd’ really is – the investors’ belief in these companies and their founders has been well and truly validated by the UK public and some very high-profile experts,’’ commented Luke Lang, co-founder of Crowdcube.

Caulirice is a low calorie, low carb alternative to rice. The company has raised a total of £932,730 from 592 investors.

Fourex is a self-service multi-currency note and coin exchange that has has raised more than £673,000 to date.

JustPark is a parking convenience app that has raised over £3.5m from 2,702 investors. This is a funding record ton Crowdcube, and is the largest amount of money ever invested in a British technology business through equity crowdfunding.