Clear Books growing with the crowd

You have to tip your hat to Tim Fouracre, co-founder and CEO of UK accounting software SaaS start-up Clear Books. He set out to raise over £800k through DIY ‘crowdfunding’ (see here) and by gosh he did it! In fact, when the fundraising closed on 31st October, it was oversubscribed; not bad considering they were asking investors to pay £8.94 per share – an implied valuation of £19m – for a company with revenues of £473k and net losses of £65k.

I met up with Fouracre last week. TechMarketView subscription service clients can read the rest of the story on UKHotViews Extra.

Posted by Anthony Miller at '17:57' - Tagged: lbb   crowdfunding