Ashcombe advises Mr & Mrs Smith on a £6m crowdfunding
Ashcombe is pleased to announce that it has advised Mr & Mrs Smith on its £6m equity funding raised through the Crowdcube platform. The new capital will be invested to support the growth of the company’s hotel & villa collection, develop US membership and drive roll-out of Smith SideStories.
Ed Orr, CEO and co-founder of Mr & Mrs Smith, commented:
“Over the past year, Ashcombe have supported us in developing our strategic plans, identifying our stakeholder objectives and evaluating the right financing structure that suited our current requirements. We are delighted with the result and look forward to continuing to work with them.”
Simon Bullivant, Founding Partner of Ashcombe, added:
“We are delighted to have supported Mr & Mrs Smith as a client over the last year. The crowd funding round was 6 times over-subscribed compared to the original target, which reflects the strength of the brand. We look forward to the continued growth of the business.”