UK festival venue the Wyldes crowdfunds equity sale

The Wyldes, a 10,000-capacity events and festival site in Cornwall, UK, has announced the launch of a crowdfunding campaign that aims to raise £250,000 in exchange for a 5% equity stake.

The Wyldes group – which comprises Leopallooza, Live in the Wyldes and Weddings in the Wyldes – says the projected new investment would be put towards increasing capacity, improving infrastructure and bringing in a more diverse range of shows and artists. The company’s events have over the past decade welcomed artists including Thom Yorke, Bastille, Kelis, Rag’n’Bone Man, Chase and Status, Paloma Faith, Loyle Carner and Idles, while Paul Weller and Fatboy Slim will play Live in the Wyldes shows in 2019.

Sam Dunnett, co-director of the Wyldes, comments: “We started over ten years ago as a small festival for friends and family, but have grown exponentially year on year and are now at a tipping point to start moving into phase two of our lifecycle.

“We’re excited to welcome new partners onboard to be a part of the ever-growing Wyldes family”

“We’re perfectly positioned to offer a new, exciting and unique alternative style of show that can take the customer experience to a whole new level.”

The Wyldes’ Crowdcube campaign has, at press time, raised more than £87,000, and is projected to reach its £250,000 target by the closing date of 2 January 2019.

“With the UK events industry worth £42.3 billion annually, we know that investors will be interested in getting a piece of the action,” adds Matt Daniel, co-founder and director of the Wyldes.

“We’ve already had a great response and we’re excited to welcome new partners onboard to be a part of the ever-growing Wyldes family.”

Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.