Spacehive Raises £1.3M in Funding

spacehiveSpacehive, a UK-based civic crowdfunding platform, raised £1.3m in funding.

The round was led by SI2 Fund with participation from Big Society Capital and a number of individual angel investors.

The company intends to use the funds to scale in the UK.

Founded by Chris Gourlay, Spacehive provides a crowdfunding platform that allows people to create and fund civic projects online. Since being set up in 2012, it has helped to fund 55 projects across the UK worth £1.8m with successes including playgrounds, parks, and free public wi-fi networks.  Backers have included Kevin McCloud, Danny Boyle, David Bailey, Sir Ian Botha and firms like Tesco, John Lewis along with mayors of Hackney, Bristol, and Liverpool.



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