Red Squirrel took £641k off Crowdcube investors in 2016 at a valuation of £5.25m. This last year it was supposed to be profit. Losses for the two operating companies in the Group amounted to £270k.
We wrote about these guys before - here . They had projected profits of £260k, so this miss is pretty good for a Crowdcube company.
The company appeared on a highly dubious alternative ECf platform The Right Crowd but it would appear that this round failed.
They have rebranded and grown their bar outfit - Mad Squirell, which now has 5 outlets compared with 3 in 2016. So we will just have to wait and see if this is a good idea or not.
Mad squirrel raised additional funds from investors in Autumn last year.
ReplyDeleteThey are back on CC now with a private round valuing company at £12.5m.
Who needs Christmas when you can have Crowdcube valuations?
ReplyDeleteThis time last year during The Right Crowd fundraiser the pre-money valuation was sitting at £8,009,009 in the past year, that has increased to £12,684,014 on this CC pitch. 50% is quite the growth!
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