October 10, 2018

Mr & Mrs Smith races to £6.1m investment from crowdfunding campaign

The firm closed its funding bid on Crowdcube 10 days earlier than planned after it became one of the platform’s fastest to surpass the £1 million mark on the first day.

More than 2,000 people have contributed to the campaign since it launched in September, with investments starting at £125, the price of a single share.

The level of investment from both existing members and the public meant the limit of £5 million eligible for the Enterprise Investment Scheme (EIS), which gives investors access to tax relief, was quickly reached so Mr & Mrs Smith decided to close the round at midnight on Monday.

The success of the campaign has made Mr & Mrs Smith the first company in both the UK and Europe as a whole to take advantage of the new UK limit of €8 million for investment crowdfunding, crossing the previous €5 million limit on September 21.

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