It’s been a busy summer for Clear Books plc and following on from our first AGM as a plc I wanted to add some further background on the progress of Cloud Funding II.

Cloud Funding II raised approximately £700k in 20 days which was a fantastic result. We’re thrilled that with the funds raised to date, we can continue to grow the team and the company.

The original close date of the offer was Sunday 24th August,  and we are now in the process of officially extending the offer period for a further six months in a bid to raise the full target of £3.3m. This is currently penciled in for re-launching on Monday 15th September.

The summer holidays, finishing on a bank holiday weekend, an ambitious 20 day time period and an ambitious target were some of the factors that worked against us. Having already secured more than 20% of our target we are optimistic that over a longer time period we can reach the full amount.

It’s incredible to reflect on the fact that our bespoke crowdfunding platform has now raised, across both Cloud Funding rounds, over £1.5m from some 1,000 investors.

Thank you to everyone who has invested. For those who haven’t yet there will still be an opportunity to join our community of customers, small business owners, entrepreneurs, accountants, bookkepers and members of the general public as a shareholder from 15th September 2014.

Posted by Tim Fouracre

Tim founded Clear Books in 2008. Like many small business owners he worked from home for 15 months to get his startup off the ground. Today Tim enjoys helping Clear Books, its customers and its growing team innovate and achieve. Tim did his GCE O Levels in Ghana.