Monday, 5 September 2016

Escape the City gives Crowdcube some much needed GOOD NEWS!


Escape the City raised money on Crowdcube in 2012 and has been very well featured on the platform as one of its stars.


4 years on, the company predicted an exit in 2016 or 2017. Oddly the amount raised as promoted by Crowdcube was £600k but there is only around £450k in the accounts. Still for Crowdcube that is accurate.

For the first time in its existence, Escape the City has reported a profit. £9,400, which if you split it between the 400 CC investors will give them a return on a par with the other 3 CC exits.

Oh come off it - we said we would look for good news and this is the best we could find!

3 comments:

  1. CC has 3 exits? I thought only 2?

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    Replies
    1. Ecar Club, Camden Brewery and recently the piece de resistance - Wool and the Gang where pepople either got a 1% ROI or a gift voucher!

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