Crowdcube, the European marketplace for shares of private companies, and Crunchbase, an established data platform, have teamed up to create the “most comprehensive” and transparent platform for private business investment in Europe.
Cubex, which will officially go live today (July 28, 2021), will feature “rich” business data from Crunchbase across more than 250,000 companies. Cubex will allow investors “to discover, research and express an interest in buying or selling shares of high-growth European private companies without waiting for the company to go public (IPO),” according to a statement shared with CI . If sufficient interest is registered in a business, Crowdcube will then “seek to facilitate a transaction,” the announcement notes.
Launched in response to the “growing trend” of companies or firms to stay private longer, Cubex aims “to meet the demand of existing shareholders, employees and founders to earn cash without waiting for an exit,” the statement said. At the same time, Crowdcube aims “to provide new investors with the opportunity to invest in proven, high-growth pre-IPO companies that they have long admired but had no access to before.”
As stated in the announcement:
“Starting today (July 28), retail investors reviewing opportunities on Cubex will be able to access a large pool of unbiased factual data directly drawn from Crunchbase, including corporate funding history, investors and the management team. Access to this detailed and enriched information will support the due diligence of potential investors before they decide whether or not to buy shares in the company.
Matt Cooper, Crowdcube Commercial Director, said the partnership should help provide an excellent investment experience for retail and professional investors, “providing an in-depth source of data on all companies listed on Cubex – not just those that have already raised funds. fund with us. “
Cooper added that private markets can be “notoriously opaque and that potential investors, especially retail investors, deserve the widest possible access to information about the companies in which they intend to invest. “
He noticed :
“Together, Crowdcube and Crunchbase bring a new level of data transparency to private enterprise investments, raising the bar in terms of visibility, accessibility and ultimately doubling our mission to democratize investing. “
This integration is also expected to feed into various other parts of Cubex over time, such as improved company information and other updates, “all steps to further improve the investor experience.”