Content Manager
September 10, 2020

Our community raised £10+ million in under 48 hours

If you want to own a piece of Chip and didn't get the chance, don't worry we're going to try and find a way to get you in - register your email here.

When we went live at midday on Wednesday, we thought we’d maybe reach £1 million in the first few days.

So you can imagine the atmosphere at Chip HQ when we’d raised a total of £2 million in under 10 minutes.

When we went on to raise a record-breaking £10+ million in under 48 hours, there were tears, there was boisterous cheering, and there was our Head of Content, Tom, playing a 10-hour stream of Sandstorm by Darude.

We are now the most successful crowdfunded Future Fund!

However, the bittersweet consequence of raising so much so fast, was that almost 20,000 people missed out on their chance to invest and join our incredible community.

Being an investor in Chip is so much more than shares, it's about coming along for the ride and watching us grow to becoming a unicorn (not the mythical kind).

For more on what it means to be a Chip investor, read it here!

What to do if you missed out and still want to get involved

We want to give as many people as possible the opportunity to own a part of Chip.

If you were one of the 20,000 who didn't get a chance to join this round, the fun isn't over just yet.

We're already on the phone to our lead investors and the legends at Crowdcube to ensure everyone has an equal chance to be part of the Chip family - even if it means working through the weekend.

While we discuss how we can make this work, make some calls and call in some favours, register your email here and you’ll be the first to know.

This round has exceeded all our expectations

In collaboration with the Future Fund, the UK government’s initiative backing tech startups, we’ve been able to welcome thousands more people into our investor community, and break records as the largest crowdfunded Future Fund.

Perhaps the only downside to the overwhelming demand we saw with this round is that we ran out of allocation before the entire 25,000+ who requested access were able to participate.

At Chip we value our community enormously, and excuse us while we get sentimental, but you genuinely are the heart and soul of the business.

One of the things we were excited about with this round was the chance to grow our community even more, so we were actually slightly sad it was over so fast and we weren't able to invite more people to join our investor community.

Where to next?

This round means big things for Chip.

The growth we’ve seen this year has been incredible, but it’s time to take the business to the next level.

Right now we are presented with a huge opportunity to capture a slice of Europe’s €30 trillion savings market that’s ripe for disruption, and Chip is poised ready to accelerate and dominate this space as a market-defining savings and wealth management app.

We have partners and marketing channels ready to open ChipX to the world and bring market-beating returns to everyone.

In case you’ve missed it, we recently published our full roadmap that goes into considerable detail, you can find it here.

We can not thank you enough for the amazing support we've received not only in the last few days, but over the last four years.

Please remember, your capital is at risk

At Chip we believe that investing should be for everyone. But equity investing is not without its risks.

Investing in this convertible or investing in any start-up is high risk. It’s not the same as having your money in a savings account.

Your investment could be locked in for a long time, as you don’t get a return until we exit (i.e. we’re bought, or go to market in an IPO). So don’t invest any money that you might need suddenly in an emergency.

Most importantly your capital is at risk when you invest, and remember, past performance is not a reliable guide to future performance.

When investing your capital is at risk

Remember your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

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