Tour Guide specialists City Unscripted raised £145k on Crowdcube in 2016. It was listed as £200k. Hopes were expressed that they would be operating in over 100 cities by the end of 2017. Their current destination list is for 30.
New money raised has come in well below the projected figure and the company made a ~£100k loss for YE Dec17. Although this was against a projected £200k loss, with the extra investment encouraging the missing 70 city expansion.
This is now a common problem with Crowdcube funded companies. They fail to attract follow on funding, this thwarts growth and they just sit there. New investment for 2018 has not yet materialised and the spoken of revenues of over £3m for the year seem unlikely with just 30 cities.
The CC valuation of £1.7m post money has remained constant over the two years - on paper.
For your own safety please follow the Guide at all times.
Unknown - I cant publish what you sent me as I cant verify it. Please send info to rob@ecfsolutions.co.uk. Thanks.
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