New (non-crowdfunded) investment round

£13.0194!

18 Likes

That settles it :slightly_smiling_face:

That’s only a 68% increase, yet company has doubled in value - did we give away a huge chunk?

4 Likes

Part of the value will be the new shares (so I don’t think that is/ should be factored into it). I think the pre-money was £1.9bn (a 90% increase) but I doubt dilution was/is near 22%.

This is why it is painful to try and work things out :rofl::rofl:

2 Likes

Good to know, but also annoying that we have to figure this out by following their social media activity as opposed to being informed by email.

1 Like

You can gripe at the investors event on Saturday.

5 Likes

Google: Dillution

Also, it was £1.085bn before, not £1bn.

They’ve raised £113m, i.e. the increase is £2bn - £113m / 1.085bn = 73.9% increase

4 Likes

Also, this is a dollar raise (i believe) which means there might be currency changes in play too.

1 Like

Or dilution.

2 Likes

Crowdcube just informed me of this. Great news!