We have covered some ridiculous scandals on Crowdcube and this failure of Citymapper and loss of millions is right up there with the best of them.
When Citymapper used Crowdcube in 2021, they were asking for £1m at a valuation of £20m. The company had never made any profit but had a good customer base - it was a free App after all. The pitch itself made no mention...
This is a premium article.
You need to be an ECF.BUZZ member to read the full thing. Join now for only £3 per month!
Monday March 27, 2023
Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.