NextUp, the online stand-up show streaming service, have gone "public".

A new funding initiative allows comedy fans to own a stake in the business via a crowd-equity campaign.

Founded by the team behind former YouTube channel ComComedy, NextUp's aim is "to be more than just a subscription video platform by supporting comedians in numerous ways including a Spotify-style revenue share, free rehearsal space and funding for community projects such as the Care Home Tour".

nextupcomedy.com allows fans to watch a range of exclusively filmed stand-up shows for £3.50 a month. A 30 day free trial is available.

Dan Berg, one of the founders of NextUp, says: "Since launching in late 2016, we've been overwhelmed by the reaction from both performers and comedy fans. So we're really excited to give everyone the chance to be part of NextUp and own a real stake in the company. These new funds will help us grow the business by increasing our marketing and filming more great comedy shows, whilst continuing to be a force for good in the industry."

NextUp's crowd-equity campaign is now live on Seedrs.com. The minimum investment amount is £10. The company is seeking £240,000 funding and, at the time of writing, has already achieved more than 60% of that target.