November 25, 2021
Latham & Watkins advised Crowdcube, the
largest startup fundraising platform in the UK, on its US$13.5 million
fundraising round led by Circle, the owner and operator of SeedInvest – a
leading startup fundraising platform in the US, alongside existing investors
Balderton and Molten.
The investment will enable Crowdcube to
accelerate its launch into emerging European markets, capitalizing on the
recent regulation that provides uniform rules across Europe for
investment-based and lending-based crowdfunding services related to business
Part of the investment was made via USD
Coin (USDC), the leading dollar digital currency powering always-on
internet-native commerce and payments, which supports Crowdcube's goals to
enable entrepreneurs to raise capital from their dedicated communities.
The Latham team was led by London corporate
partner Shing Lo, with associates Samantha Si and Ismay Brayne.