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Amanda Boyle created Bloom in 2010, when she spotted an imminent funding gap for startups, early stage businesses, communities, art and culture... in fact, anything that needs the smallest amount of cash to get going. The idea is simple, harness the power of the crowd (that’s you, me and everyone around us) and, in return for financial contributions – no matter how small - claim a reward from project owners.
With the support of a small but very clever team who pioneered the crowdfunding sector in the UK, Amanda is now developing the next steps - working with companies and brands to make more of their resources to support local initiatives and campaigns.
Bloom is independently owned and operated in the UK
43% of projects published are funded
85% of funded projects exceed their targets
48% of projects funded are led by women
the average promise is £46
How do they charge?
Bloom collects a 5% fee from the project’s funding total if, and only if, a project is successfully funded. The payments processor (Paypal)) also charges processing fees that generally work out to 3-5%
Bloom VC on social media:
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