15 December 2014 – British industrial designer Terence Woodgate has exceeded his target securing over £158K after just 36 days of equity crowdfunding on Crowdcube, to support the expansion of his eponymous lighting brand, Terence Woodgate Lighting Limited.
Woodgate’s new company designs and produces lighting collections that are optimised for LEDs. His equity crowdfunding initiative, which set out to raise £150K of funding in return for a 17% share in his new business, was to enable the designer to launch further collections and expand overseas. The company’s first lighting range is already stocked in leading UK retailers including Heal’s, The Conran Shop and SCP.
Woodgate comments, “The response to our equity crowdfunding campaign has been fantastic and is a real vote of confidence in our business and future plans. It’s great to know we have the support of our investors behind us as we now put our growth plans into action.”
Launched in February this year, Terence Woodgate Lighting Limited is spearheaded by the designer himself, a Royal Designer for Industry (RDI) with more than 25 years’ experience in lighting design and manufacture. The company puts LED technology at its heart, acknowledging the phase-out of incandescent bulbs and the growing level of public awareness in reducing energy consumption.
For those who wish to invest or find out more about Terence Woodgate’s equity crowdfunding campaign, please visit www.crowdcube.com/terencewoodgate.
To view the full portfolio from Terence Woodgate Lighting, please visit www.terencewoodgate.com.
For further press information on Terence Woodgate or to arrange an interview, please contact Caro Communications:
Jessica Knowles, Account Manager
Jeffrey Cheung, Account Director
T: +44 (0) 20 7713 9388
For press information on Crowdcube, please contact Eureka Communications:
Teresa Horscroft, Managing Director
T: +44 (0) 1420 564346
Notes to Editors
About Terence Woodgate
Terence Woodgate is an Industrial Designer specialising in furniture and lighting. He works from his studio in Mayfield, East Sussex, England. He became a Royal Designer for Industry (RDI) in 2003 and has received several international design awards, including the Red Dot ‘Best of the Best’ and the IF ecology award. His current client list includes Established & Sons, Objekten, Punt Mobles, SCP, Concord Lighting, Paviom & Izé. Examples of his work are held in private collections and in the permanent collections of the Museu d’Arts Decoratives, Barcelona and the Victoria and Albert Museum, London.
As the world’s first and most successful investment crowdfunding platform, Crowdcube enables entrepreneurs to bypass the traditional business angel, venture capital or bank finance routes, giving them more control and access to more investors. For investors, Crowdcube provides them with a way to cherry-pick a stake in an innovative business that traditionally would have been restricted to corporate investors. In addition, they can now benefit from a fixed return per annum by lending money to more established companies offering a mini-bond on Crowdcube.
Since February 2011, more than 100,000 savvy investors have registered with Crowdcube, helping to raise over £40 million of equity finance for over 155 British business including easyProperty (raised £1.4 million), River Cottage (raised £1 million) and the Eden Project (raised £1.5 million in 24 hours).
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