Update: Eden Project bond reaches £1.5m maximum
The Eden Project this morning reached its limit of £1.5 million on its mini-bond offer on Crowdcube.
The maximum was reached within 20 hours of the launch of the fund yesterday (Tuesday) to help Eden create a new learning village on the edge of its site in Cornwall.
Eden’s initial target of £1 million was reached within five hours yesterday.
A total of 355 investors bought bonds with a minimum value of £500 to take the fund up to the maximum.
Eden’s executive director David Harland said today: “To reach our maximum of £1.5 million in less than 24 hours was beyond our expectations. We thank everyone who has invested and now look forward to bringing these exciting plans to reality.”
Luke Lang, co-founder of Crowdcube, said: “The blistering speed Eden Project raised its £1.5 million target on Crowdcube – in just 20 hours – makes it the fastest mini-bond raise to date and is a huge vote of confidence from investors and Eden’s community.
"Eden Project is the latest high-profile organisation to use Crowdcube to raise finance. Mini-bonds have emerged as a cost-effective and efficient way for well-established brands, like Eden, to raise growth capital and engage with their customers.”