Having reached its £500,000 goal in just five days, Vulpine has closed its crowdfunding campaign after more than doubling its target
Vulpine founder Nick Hussey says he is ‘blown away’ by the support the company has received in its crowdfunding quest, which has seen it having to close the campaign early after only two weeks having raised £1 million.
The company’s £500,000 target was reached in just five days, and the total eventually reached £1,026,280 as over 600 investors clamoured at the chance to become part of the Vulpine story and aid its expansion.
The company plans to expand internationally to the USA and Asia, with South Korea and Japan particularly targeted, as well as increasing its range of Hoy Vulpine products – a collaboration with Sir Chris Hoy’s eponymous brand.
Nick Hussey, founder of Vulpine, said of the investments: “We’re so grateful to each and every investor for joining the Vulpine Story; in a way the story has only just begun.
“Last week, I was absolutely bricking it because we’ve never done this before – crowdfunding is still relatively new and it’s definitely new to us. But we put absolutely everything into it and we’re so grateful that people have shared our passion and vision in investing.”
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Hussey added: “We are going to begin planning out how we can use some of this amazing new resource to build an event better, faster growing company.
“There will be no fancy offices, gold thrones, or cycling butlers handing out hot towels on staff rides. Investors are committing their money to make a more valuable company and get a great return later.
“It’s a hugely exciting opportunity coming out of one of the most extraordinary periods of my life. I can’t wait to share the next chapters of the story!”
For more information on the campaign, visit Vulpine’s Crowdcube site.