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NEWS 5 September 2014

GamCrowd closes crowdfunding after eclipsing target

By Aaron McBride
GamCrowd has closed its initial equity crowdfunding round after successfully ‘self-funding’ on its own platform, GamCrowd.com.

The London-based company is an equity crowdfunding and sourcing platform focused on the gambling industry and provides a platform for industry professionals and investors to establish new businesses in the gambling sector.

GamCrowd achieved overfunding by 15% having successfully raised just short of £230,000 in the first investment round, and boasts a successful track record with startup businesses within the gambling industry.

CEO Chris North said: “We have proven our platform and recruited 44 top-quality investors from the gambling industry including big names such as Simon Collins, Brian Mattingley, Ebbe Groes, Mark Blandford, Tom Hall, Melissa Blau, John Kinder, Matt Davey and many others. We are now getting ready to put some exciting startups live on the site and helping them to raise funds for their business.”

The minimum investment for the crowdfunding round is £500 and the extra funds raised are set to be used to bolster the company's marketing budget and support future startups via the platform.

GamCrowd will now attend the Excellence in Gaming show (EiG), on 21 October where they will be supporting the Launch Pad and Startup Villages in partnership with organisers Clarion Events.

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