Linklaters announce exclusive partnership with Crowdcube

  • Linklaters will be the exclusive legal partner to work alongside Crowdcube as part of their post-funding service delivery programme to tech companies
  • Partnership will boost investment and provide solid grounding for tech businesses  
  • Will support recently launched programme, Thrive for Fintech, for SME financial inclusion fintech companies to secure lead investment
Crowdcube, the UK’s largest equity crowdfunding platform, has announced an exclusive 12 month partnership with Linklaters to be its legal advisor for the ongoing service delivery to technology companies post-funding.
 
Fintech is Crowdcube’s biggest growth area, having raised £53 million in investment for fintech companies in 2017 and has worked with companies such as GoHenry, Money Dashboard, Monzo, Revolut, Chip, FreeTrade, Squirrel, WiseAlpha, Babb, Nebeus and Fourex. This partnership is central to Crowdcube’s strategy of establishing longer term relationships with clients through the ongoing service delivery beyond initial funding.
 
The agreement will allow Linklaters to support a select number of tech companies and provide access to invaluable legal advice at a time when they most need it. This will include:
 
  • Free access to Linklaters’ recently launched ‘TechLinks1 online portal designed specifically for small and start-up tech businesses
  • Access to its extensive legal resources database - Client Knowledge Portal
  • Workshops and legal training on selected topics such as company structure, employment and incentives, IP and data protection
  • Invitation to Linklaters’ tech-related events
The selection of companies qualifying for post funding support will be by mutual agreement between Crowdcube and Linklaters. Companies also shortlisted for the recently announced Thrive for Fintech: investment programme2 will also qualify for this support.
 
The partnership will provide Linklaters with exposure to new, exciting and emerging tech and fintech companies. These relationships will provide invaluable market insight into companies that have the potential to influence and reshape the future of many traditional industries in which it already has an established presence of providing legal advice. It will also place it in an ideal position to identify developments in the rapidly evolving area of LegalTech.
 
Nicola Rabson, partner at Linklaters, said:
 
“The partnership provides a fantastic opportunity for both Linklaters and Crowdcube to establish longer term relationships with the most exciting emerging technology companies. It will also provide the type of broader support that these companies need to establish themselves at the earliest stages in their development in order to give them the best chance to flourish and grow into the tech giants of tomorrow.” 
1.‘TechLinks’ provides start-ups and small tech businesses with key employment resources and documents including employment contracts - key to early stage development The innovative platform is aimed at helping tech entrepreneurs turn their small business into a company with the potential to grow. TechLinks will offer a select number of small and start-up technology businesses access to key employment documents and resources, providing them with vital company guidance on how to legally protect and enhance their business when building a workforce. TechLinks offers an interactive site where tech businesses can download employment contracts and other resources which are the essential building blocks of a secure and stable company. It will also provide insights and trends on the current market and a glossary of terms to make it accessible to those without a legal background.
2.Thrive for Fintech - investment programme focused on financial inclusion Crowdcube, Linklaters, venture capital firm Green Shores Capital and Propel by Deloitte have teamed up on an investment programme to help fund and support financial inclusion start-ups. How the programme works: Green Shores Capital will invest up to £500,000 across the top three applicants, who will also gain access to Green Shores Capital’s global network and advisory panel. The successful applicants receive a legal support package from Linklaters to cover areas such as company structure, employment and incentives, data and IP, as well as access to an online platform with a host of legal resources and insights The successful applicants also receive an accounting support package from Deloitte finance experts, covering areas such as raising investment and financial strategy. Along with a free, bespoke online accounting package and customised analytics dashboard.