Grub Club acquired in first crowdfunding exit of 2018

| Beauhurst

In the first crowdfunding exit of this year, Grub Club – a platform that connects hosts and diners for at-home supper clubs – has been acquired. 

Its only known backer to date is Crowdcube, meaning Grub Club takes the number of crowdfunding startups that have exited to 20.

Having raised £671k over five funding rounds to date, Grub Club has been gobbled up by VizEat (newly EatWith), a global firm providing much the same service – but focused on offering travellers and tourists the chance to sample local cuisine.

At the time of writing, Grub Club continues to operate throughout the UK, with hosts listing events for several months to come. It’s unclear whether the acquisition is an acqui-hire, roll-up, asset sale, or something else.

Crowdcube itself has now backed six companies that have gone on to exit:

Rival crowdfunder Seedrs is on five, most recently Wealthify, and the younger platform SyndicateRoom counts three exited firms.

As shown above, a total of 1,101 high-growth UK firms have been supported by the crowd to date, yielding a crowdfunding exit rate of 1.8%. A further 6% have reached growth-stage.