London, UK – NextUp Comedy, a video streaming platform that features standup specials, hit its crowdfunding target in just 10 days. The company’s campaign began on Crowdcube earlier this month with a goal of raising £300,000. Now that it has reached its goal, the company is set to overfund.
CEO Daniel Berg noted that the team was surprised by how quickly they were able to meet their goal. NextUp Comedy’s crowdfunding success was possible largely because the company has made a name for itself. The platform provides a service where subscribers can stream exclusive standup specials. Comedians of all types and backgrounds can put their content on the platform to be viewed by users around the world. The company emphasises the importance of accessible content and giving artists the chance to showcase their work. As a result, the platform has connected many fans to their favorite comedians through home viewing.
Because of the company’s reputation, many were interested in supporting its crowdfunding campaign. Investors bought shares through Crowdcube, a British investment platform. Notable contributors include famed comedians such as James Acaster, Luisa Omielan and Tiernan Douieb. These artists put their own money towards the campaign because they recognised the importance of the company’s mission.
Notable investors outside of the industry such as Fraser Duncan and Mike Dailly also bought shares through Crowdcube. They, too, saw potential in the company and wanted a stake. The presence of these notable investors boosted the campaign’s reputability, encouraging even more people and organisations to buy shares.
Once the company hit its goal, it set out to overfund. The new amount became £400,000. At the time of writing, the company has 5 days left and more than £354,000 raised. If current trends persist, they will likely meet this newly-established amount.
The company will use the funds to expand its operations, start new projects and better its overall service. Recently, NextUp announced a new partnership with Soho Theatre. The platform is set to stream original live shows from the venue, featuring up-and-coming artists to give them a spotlight. The funds will help the company complete projects like these and make their specials more accessible to an even wider audience.
Company Name: NextUp Comedy
Contact Person: Lizzie Dixey
Email: Send Email
Address:3 Fitzhardinge Street
City: London, W1H6EF
Country: United Kingdom