Ethical investment platform Circa5000 has raised over £1m through its latest crowdfunding campaign.
The business, which has offices in Liverpool and London, has secured the backing over over 300 investors on Crowdcube with nine days left of its campaign still to go.
The company now has a valuation of £15.7m and is targeting turning its first profit by the end of 2024 or in early 2025.
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In a message to investors, the company said: "We couldn’t be more excited about how many of you have invested in this round. We have surpassed 100% of our funding target in less than nine hours of going live. If you are yet to invest, you haven’t missed out.
"Now we've reached our funding target, we are releasing more shares to meet demand. Shares are limited, but owning a piece of CIRCA5000 is still possible if you move quickly.
"Our feet haven't touched the ground this year, so check out our pitch page to learn more about the category-defining projects we’ve been working on and what we have in the pipeline for the rest of this year and beyond. Now is your chance to become a CIRCA5000 investor."
The fundraising campaign comes after the companylaunched a range of exchange-traded funds (EFTs) on the open market earlier this month.
It was the first such move the company has made since it was established in 2017 and has been described as the "culmination of the co-founders' original vision".
The new ETFs will invest in green energy and technology, sustainable food and biodiversity, clean water and waste, social and economic empowerment as well as and health and wellbeing.
Starting out as Tickr, Circa5000 was established by Tom McGillycuddy and Matt Latham and now has around 170,000 customers in the UK who invest an average of between £3,000 and £6,000.
The company, which is backed by Ada Ventures has raised £10m to date.
