Scottish crowdfunding raised £27 million last year
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The amount of cash raised by Scottish businesses from crowdfunding has rapidly increased, according to a new report by Glasgow Chamber of Commerce.
Firms were estimated to have received more than £27 million in the 12 months to September 2015.
That compared with less than £1m recorded by the chamber in a previous report in 2013.
Scotland accounted for 4 per cent of the overall UK crowdfunding total last year, compared with 1 per cent in 2013.
The chamber of commerce’s latest report, compiled by crowdfunding consultancy twintangibles, recorded 1,263 successful campaigns in 2014-15.
The largest of them raised £1.2m for Edinburgh-based accounting software company FreeAgent.
The report did not include figures for Aberdeenshire-based craft brewer BrewDog, which raised £19m via its Equity for Punks crowdfunding scheme in the year to April 2016.
The chamber of commerce said none of BrewDog’s campaigns closed within the study period.
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