Wednesday, 9 December 2015

3 companies funded via equity crowdfunding close in one day

Crumpet Cashmere, Upper St and MRC Bartending have all raised money via equity crowdfunding and as of today have all ceased to trade. They join the growing list of failed businesses that have used this form of funding.

Crowdcube, Seedrs and Bank to the Future were their respective platforms. But the real question is will any of them tell the true story behind these failures?

We doubt it.

UPDATE 27 Jan 2016 - MRC Bartending has now brought itc Co back to life - it hasd been struck off. Odd though that the new AR01 has no shareholders listed at all!!

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