Vulpine closes crowdfunding early after raising over £1m - BikeBiz

Vulpine closes crowdfunding early after raising over £1m

Vulpine ends overfunding after raising over £1,000,000
Author:
Publish date:
1-73bb459b87f6d4183f35145329f9b51b.png

Vulpine has ended its crowdfunding campaign two weeks early after doubling its original investment target of £500,000.

In the two weeks of crowd funding there were over 600 investors, investing a total of £1,026,280 for a 17 percent share of the business.

Nick Hussey, founder of Vulpine, said: “We were amazed to reach our target of £500,000 in just five days. The existing shareholders and I made the decision to overfund on Crowdcube and momentum continued to raising over £1 million in two weeks; twice the ask in half the time.”

Vulpine, which was founded in 2012, will use the funding to expand internationally, and to produce a Made in Britain range. The HOY Vulpine collection will also be expanded.

Disappoingly, Hussey stressed: “There will be no fancy offices, gold thrones, or cycling butlers handing out hot towels on staff rides."

Featured Jobs

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK I Salary TBC Depending on level of experience I Date published Tuesday 31st July 2018

bespoke biking promo

Bike Project Manager

Bespoke Biking CIC I The Bike Hub Winchester I Salary: £20-25k DOE I Date Published Tuesday 24th July 2018

Canyon_Logo

Technical Service Mechanic

Canyon Bicycles UK Ltd I Kingston upon Thames I Competitive Salary I Date Published Monday 6th August 2018

giant promo

Credit Controller

Giant Bicycles I Leicester I Salary: Competitive Salary Experience Depending I Date Published Wednesday 8th August 2018