August 2018

BLOK secures funding round to fulfil its expansion plans

ABOUT CROWDCUBE

Crowdcube is a leading equity crowdfunding platform for entrepreneurs of start-ups and growing businesses to connect with potential investors. Dedicated to helping UK-based entrepreneurs raise finance to start or grow their business, Crowdcube gives investors real equity in the companies they fund. Crowdcube uses the web-based notion of ‘crowdfunding’ where a community of like minded people pool their money and knowledge together to back an idea, business or person.

 

ABOUT BLOK

BLOK is one of London’s leading boutique class based gyms, combining fitness with art, design, and fashion. The company was founded in 2016 and now has two London sites in Shoreditch and Clapton, with terms agreed for the third site in central Manchester and plans to expand to six UK sites by 2020.

 

ABOUT THE DEAL

BLOK raised £0.9m from a pool of investors through Crowdcube, valuing the business at £9.5m. The investment round was 118% oversubscribed.

 

OUR WORK

We acted as the exclusive financial adviser to BLOK to prepare, market and successfully execute their required fund raise having a long lasting relationship with the management team. We continue to work with the founders to identify suitable investors for future funding rounds.

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We have been working with WY Partners for a number of years and they have provided invaluable support through our funding stages. They have advised us on financing options, building financial and management information for banks and fundraising as well as supporting through our recent crowdfunding raise. It has been a pleasure working with them and find their advice and support invaluable and look forward to continue working with them on future rounds of funding.

Ed Stanbury, Founder / Managing Director