Curve funding on the Cube
Posted by Relte on Aug. 30, 2019 |
My Disclosures below;
Curve's campaign goes live on Crowdcube on the 3rd September at 10am, saving some space for customers to join in on a recent Series B round, with total funding to date of over $70m. The valuation sought is £158,8m which is the USD $195m pre-money series B valuation. The target for the raise is £1m. Perks of the investment round are below.
Curve customers get 48 hours early access.
The company is celebrating achieving over half a million customers and is aiming for 1m by the end of the year. Annualised customer growth is at 3x with 81% organic customer sign ups and a monthly average user spend of almost £1.5k. This metric is vital as the company makes most it's revenue on a % of value transacted. The company has offices in London and Bristol with a team of 150.
"You, our community, have been the beating heart and existence of Curve and for that, we are eternally grateful. We felt adamant in saving a small allocation of our funding round to give you the chance to come onboard with us and share in our success." - Curve
Other investors in Curve include;
Gauss Ventures, Oxford Capital, Connect Ventures, IDC Ventures, Santander InnoVentures, Speedinvest, Seedcamp, Breega Capital, Sabadell, Investec, Outward VC (previously Investec’s INVC fund), Samos Investments, London Co-Investment Fund, Taavet Hinrinkus from Transferwise, Ricky Knox from Tandem
Full disclosure: I have had a curve 'account' for a number of years now and use the card all the time, find it extremely useful and am probably going to get some shares... my almost full disclosure of conflicts is here, and getting better all the time.