Schooner The Better; new British yacht race to raise £50k via crowdfunding
Circular Sailing, the organisers of the Round Britain and Ireland Challenge, are seeking to raise £50,000 through crowdfunding.
The Round Britain and Ireland Challenge is a new ‘pay to crew’ yacht race to be held three times a year. Competitors are free to join the race for any length of time, from a single leg lasting just a few days, to the full 2,500 mile course.
Circular Sailing has invited interested investors to submit their investments via the Funding Tree crowdfunding website. For a minimum investment of £50, investors may receive an 8 – 13% return on investment, though this is not guaranteed.
Dillen Iyavoo, chief executive and founder of Funding Tree, said: “With a minimum investment of just £50, Funding Tree is giving investors both large and small the chance to invest in start-ups and growth-stage companies, and providing British business with a comprehensive alternative to conventional bank finance.”
“With a highly qualified and experienced management team, and thousands of affluent potential customers, Circular Sailing is set to make waves. Investors can share in its success by lending to the company.”
For more information on Crowdfunding platforms, please visit the Your Money guide ‘How to invest in an online Dragons’ Den‘.