Vulpine ends overfunding after raising over £1,000,000

Vulpine closes crowdfunding early after raising over £1m

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."

In other news...

British e-bike startup FuroSystems raises £750,000 in seed funding

British e-bike manufacturer FuroSystems has raised £750,000 in seed funding, with TSP Ventures, ClearlySo and …