A Cornwall business that converts shipping containers into bespoke modular buildings is set for further expansion after raising £450k from a crowdfunding campaign.
ISO Spaces used Crowdcube to raise the capital which it will now invest in hiring new staff, increasing capacity and extending its St Austell production facility.
ISO Spaces initially set out to raise £300k return for 10% of the business. The target was exceeded within four weeks, however, with more than 300 investors contributing between £10 and £50k.
Co-founders and directors Ben Treleaven and Gregg Curtis were supported throughout the process by specialist business coaching company, Oxford Innovation.
Henry Maples of Murrell Associates provided legal support to ISO Spaces on the fundraising. Ben Treleaven commented that “We were delighted to receive support from Henry and his team on our Crowdcube investment initiative. The specialist advice provided was timely and on budget, allowing us to really maximize our campaign.”