Paradym is an emotional intelligence (EI) coaching application. After identifying EI as the pillar of happiness and wellness, Paradym app has been designed to help people live their fullest and happiest lives and, in turn, promotes both their personal growth and wellbeing. Since its launch in 2018, it has signed a contract with Quiqup, its first B2B client and joined WeWork incubator, giving it access to 300k members. Moreover, it has also seen organic growth in its user base and in its international reach. Paradym's plan for 2019 is to increase its user base by investing in marketing and developing content to trigger sponsored content and product revenue. Its immediate revenue focus is 10% of the UK startup market which stands at £240M.
days to go:
Expired
investment:
£430,360
An instant messaging app feature for friends and families to communicate with each through song lyrics. PlayHit users can type a message and the service will scan through a library of audio clips that matches the user's message. PlayHit works with almost any existing instant messaging platform.
The app launched on Apple and Android devices in December 2017 and within the first week saw 10,000 downloads in the Google Play Store, with an average of 1,600 audio clips being shared daily.
The brand aims to generate revenue by forming licensing deals with mobile companies to integrate the PlayHit service into keyboards, similarly to the Emoji keyboard. Proceeds from this funding round will be used to improve the PlayHit technology and produce a marketing campaign for a worldwide audience.
days to go:
Expired
investment:
£38,690
PLAYin CHOC is an innovative, premium and award-winning manufacturer of vegan organic eco-friendly toys and chocolates. Its products are allergen-free, plastic-free, 100% organic and inspire creative play. Since its launch, PLAYin CHOC has sold approximately 50,000+ units in 21 countries. Additionally, potential stockists for its products are estimated at 100,000 in the UK and 1 million globally. Now, PLAYin CHOC is planning to take its product to the market via high-end food supermarkets; independent food, confectionary and gift shops; travel retail market; direct to the consumer via subscription; and international distributors. Funds raised will be used to increase growth by securing larger and permanent premises and intensify targeted marketing at trade & consumer shows and online.
days to go:
Expired
investment:
£278,450
Pomelo Pay develops mobile applications for merchants, offering them a way to accept payments from twenty-five different payment methods. Currently, it operates in 4 countries and has helped over 8,000 merchants accept payments without the requirement for expensive specialist hardware. Its vision is to make cashless payments available to all businesses and provide cost-effective, frictionless financial services. It also white-labels its product to banks and PSPs (outside of Europe) which gives it a chance to scale up at an international level. It has successfully launched in three countries in Asia and has signed up over 100 merchants since March 2019. Now, with the proceeds, it is focusing on relaunching in the UK and growing its merchant base.
days to go:
Expired
investment:
£500,000
PROPEL is a single web-based professional network platform for seafarers to find and apply for the maritime job of their dreams, without the control of any third party. PROPEL asserts that despite there being over 1.6 million seafarers globally, the industry is facing a shortage of seafarers due to increasing demand. PROPEL aims to change this with its portal. PROPEL allows seafarers to create a full digital maritime profile and digital discharge book. It also allows employers and agencies to find suitable seafarers. PROPEL claims that it has attracted over 11,000 users with minimal spending since May 2020. The company also intends to become a contender in the $510 million global maritime recruitment industry. It will use the investment to scale and grow its user base.
days to go:
Expired
investment:
£160,000
Turning homes into renewable energy generators by offering homeowners the ability to create, accumulate and redistribute electricity via an app. Resilience is enabling customers to sell electricity generated from their homes to the National Grid and potentially reducing their energy consumption bills by up to 80%. The company will provide customers with the necessary software, hardware and means to produce electricity that can be stored and sold, as well as monitored through an app.
Resilience's technology is designed to be future-proof and integrate with upcoming and emerging tech. Their monitoring system can also detect any faults in advance to allow action to be taken before issues arise. The company is developing sales channels by working alongside housing developers and energy firms. The initial target market is the 23m homes that used traditional energy suppliers in 2017, as well as the 800k homes that are fitted with solar PV panels.
days to go:
Expired
investment:
£151,900
Reveal is a dating application that enables women to browse anonymously, only being noticeable to men they like. Reveal aims to provide a substitute concept with solutions to the most common user pain points which includes female privacy concerns and 'stale' matches. Since its first seeding in June 2018, Reveal's user base has increased tenfold, proving that the idea is well acknowledged, especially by women. The first monetisation stream was founded in February 2019 and it is now making profits from In-App Purchases (IAPs). After achieving the low UAC, Reveal is planning to grow internationally and introduce the 2nd and 3rd revenue streams.
days to go:
Expired
investment:
£59,940
Revolupin Lupin flakes are the tasty, plant-based, certified vegan, pre-biotic, gluten-free, high-fibre and low-carb superfood. It is ready to make full use of the huge increase of 27% growth (2013-2015) in sports nutrition sales and the new market opportunity for being a 100% natural plant-based protein. Revolupin had won the Women’s Health Best Superfood Award in 2018. It has also secured a successful distribution via Wholefoods Wholesale and The Health Store. Revolupin has also launched a new online store on its official website. With its proceeds, the company will increase its production, sales and generate brand awareness. Revolupin will support retail, build the distribution network, and develop new recipes of ready-to-use food items and products.
days to go:
Expired
investment:
£77,110
The RIG app helps users in finding and booking the London's finest fitness classes on pay. RIG has unique demand-based pricing that creates discounts and incremental revenue for studios. The company has sold more than 3,500 class spaces sold all over London. It has more than 11,000 and 110+ curated studios. The company's goal is to grow nationally and internationally by becoming a platform that books the best workouts in every city. With the proceeds, the company will grow its user base and studio supply.
days to go:
Expired
investment:
£110,380
Scent & Co is a fragrance subscription service provider that offers choice, portability and flexibility with high-end fragrances at fair prices. Customers get a 30-day supply of 10ml bottle of their choice of fragrance or the choice of scent determined by fragrance experts. Since May 2017, with minimal marketing spend, Scent & Co has attracted 1500 customers and currently, has 850 loyal subscribers. The company has a loan-to-value ratio of £24 while 96% of its revenue is raised from the subscriptions. By next April, it aims to reach 7000 subscribers and to enhance customer experience to reduce churn.
days to go:
Expired
investment:
£12,750
