RightIndem is a white-label insurance software platform designed to deliver fast claims to claimants on its portal. The company develops and sells its own proprietary cloud-based digital claim process management software ‘as a service’ to the global insurance market. Insurtech is a vast market and attracts large amounts of investment, with $4.36 billion invested in the first three quarters of 2019. Till date, it has contracted clients such as Axa XL, Archipelago, NN Belgium, NN Netherlands, and Mapfre, with engagements at various levels of implementation and progress in the UK, Italy, Peru, US, and South Africa. They have also earned regard for automating claims processes form some of the world’s largest insurance organizations allowing for the settlement of low to mid-value claims within hours instead of days or months. With the proceeds, the company will connect operating expenses to the point where client revenues from claim volumes match operating costs.
days to go:
Expired
investment:
£200,001
Founded in 2013, Saberr is a software company that helps teams work well together. Its products have been used by more than 37,000 people. In 2017, it launched an award-winning software "CoachBot" designed for the development of teams and managers. Clients such as Natwest & Siemens reported a 22% performance improvement after 6 months with CoachBot. Saberr is also the winner of 2018 Silver Award for the most innovative new learning technologies product. With the proceeds, the company strives to integrate CoachBot software with Slack & Microsoft Teams and start a US sales office, the largest market for HR tech.
days to go:
Expired
investment:
£371,550
Samson VT is an online platform that allows a user to convert a design or intellectual property into a 'Virtual Twin' i.e., a digital replica of any entity. The platform is redefining how organisations think about, manage, and interact with data by connecting previously siloed data and replacing paper and PDF publications. Its vision is to pioneer Virtual Twin as a Service (VTaaS), a subscription model affordable to small and medium enterprises. With £250,000 Angel funding in February 2019, the brand built SamsonWEB, its cloud-based platform that allows organisations to start their digital transformation journey by uploading a Computer-aided design (CAD) file onto its portal. Its SamsonCORE then allows the user to virtually take apart the product, viewing everything from the serial numbers for individual components, to service records for parts. And, with SamsonLIVE, the user can connect, store and visualise Internet of Things (IoT) data to build a fully functioning virtual twin. The IoT market is estimated to reach $11.1 trillion by 2026 furthering the need to shift to work and think digitally in a comprehensive manner. In January 2020, to compliment SamsonWEB, SamsonCORE, and SamsonLIVE, Innovate UK awarded the company with a £500,000 grant to develop SamsonAI. With the funds received, the company aims to invest 30% of it on SamsonAI alongside Innovate UK Grant, 30% on SamsonCORE development, 20% on marketing and sales, and 10% on outstanding suppliers.
days to go:
Expired
investment:
£206,485
Honestly Good Smoothie Company specialises in making 100% organic pre-portioned smoothie ingredient packets delivered directly to a customer's doorstep. Users can avail their kits via a weekly, fortnightly, or monthly subscription plans. Each recipe is developed by a chef and approved by an independent nutritionist. The ingredients are delivered in ready-to-blend kits in recyclable, compostable, and reusable packaging. The company has more than 25 recipes and has sold over 30,000 smoothie kits. The company has been featured in publications such as Forbes, and Pebble magazine. With the investment, the company aims to introduce re-usable packaging by June 2020, offer more data-driven personalised plans, introduce another 20 recipes, build its digital marketing strategy and subscriber base.
days to go:
Expired
investment:
£119,321
Howbout is a millennial-focused social calendar and planning application. The app allows a group of individuals to instantly find when they’re all free, easily organise any social plan & quickly manage what they’ve got on. The company soft-launched in December 2019 and after strong early traction raised £100,000 – co-led by mobile heavyweight Claire Valoti – to refine the product ahead of its full launch in July 2020. Howbout argues that its app downloads have grown >500% since then. The company has been featured 3x by Apple and >75,000 events have been organised by users in >100 countries, despite 100% UK marketing focus. Howbout was also named in TechRound’s 2020 list of top 100 startups. Howbout sees a socialising boom waiting to happen and believes itself uniquely positioned to capitalise on overdue drinks, catchups and holidays in a post-pandemic world. It will use the investment to focus on company growth and begin monetising.
days to go:
Expired
investment:
£505,010
Clin-e-cal is a medical technology company that has created a 'Clip-Tone Buddy' app. The app uses Clin-e-cal's patented Sound Response (SR) technology to give real-time feedback helping patients understand how to use their inhalers correctly. The company intends to become a disruptor in the estimated £300 million inhaler technology market. It asserts that its app can help streamline clinical trials, identify patients most at risk and impact future respiratory device design. Clin-e-cal was short-listed for the Tech4Good award 2020 and rated 79% by The Organisation for the Review of Care and Health Applications (ORCHA). Clin-e-cal will use the investment to progress commercialisation of the Clip-Tone Buddy, scale its sales activity, and optimise the company's marketing, regulatory and legal aspects.
days to go:
Expired
investment:
£132,354
Cuckoo is an internet broadband provider. The company claims that incumbent internet providers treat customers with poor customer service, high prices, and complicated contracts. Cuckoo aims to change this by providing users with fair and transparent prices, simple contracts, high-quality routers, and responsive customer service. The company is currently developing its website and billing engine ahead of launching with its first customers in the second quarter of 2020. Cuckoo's business is in the pre-revenue stage. It expects to start generating revenue in May/June 2020 when they launch their broadband service. Cuckoo will use 50% of the investment towards paying salaries to staff, 25% as technology development fees, 10% as professional fees, 5% as rent, and 10% as AOB. Cuckoo's exit strategy is via a trade sale or listing in the United Kingdom.
days to go:
Expired
investment:
£69,622
Drop Drinks creates vintage beverages with a distinctive taste. Theses beverages are inspired by traditional British sweets like Pear Drop and Cherry Drop. The company has sold more than 10,000 units since its launch in 2018. With more than 9,000 followers on social platforms such as Facebook and Instagram, Drop Drinks aims at increasing its product range to become a popular and leading drink brand domestically and grow globally. The company is now raising funds to increase production, execute an extensive go-to-market strategy, and hire key staff.
days to go:
Expired
investment:
£127,690
Nextfin is an FCA approved aggregation and rating portal for equity and debt crowdfunding investments.
AIM is shrinking, legacy stock markets are too expensive to maintain and do not serve the requirements of SMEs, banks are closing branches, lending less and are paying little or no interest to investors. As a result of this, there is a huge growth in equity crowdfunding and P2P lending which has seen the launch of hundreds of alternative lenders & platforms that has created a new c.£3bn marketplace, expanding at 66% p.a. There is no single portal or trusted ratings index for investors to compare on a like for like basis and no secondary market to facilitate exits.
* NextFin is the new trading name of Business Agent Ltd
The solution
NextFin aggregates equity and debt crowdfunding investments to create the alternative finance marketplace. This makes it easy for investors and lenders to find and compare opportunities by presenting all investment offerings in one place. With the addition of a free of charge ratings service investors will be able to view ratings of every equity crowdfunding pitch, every P2P site, and every equity crowdfunding site. NextFin’s technology will constantly track these companies and investments providing the investor real-time intelligence on which to base investment decisions. The platforms and entrepreneurs will be self-promoting and marketing their ratings driving thousands of visitors a month to the NextFin site, in the same way, businesses refer their potential clients to Trip Advisor and Trustpilot. There is an estimated 10 million website/platform visitors per month across the whole of the alternative finance market. NextFin is targeting to direct 5% of this highly profiled traffic to its platform from which it will earn between £5-£8 per click from advertisers and partners. In addition, an in-house brokerage service also earns between 1%-6% commissions on loan placements. A future revenue stream (not featured in the financials) will be developed once visitor traffic reaches critical mass. This will see Nextfin being able to realise the full value of its captured ratings data and visitor traffic by launching a secondary market, which is estimated to be a £5bn marketplace.
NextFin is raising £500k at a pre-money valuation of £2M to: • Develop P2P and Equity site ratings• Expand the management, infrastructure and marketing resource• Increase visitor traffic to 6m a year via rating referrals
Owing to the size of the market and rapid growth of the industry, enterprise valuations in alternative finance are based on visitor traffic, market share and registered users. Recently published valuations of companies with visitor traffic of over 6m per year are in excess of £70m. NextFin is the market-leading aggregator and has first-mover advantage. It has the potential to exceed these valuations because it is the whole of the market aggregator and is currently the only ratings service provider as it grows to achieve 500,000 visitors p.m.
days to go:
Expired
investment:
£274,057
Balkerne is a tech start-up providing software as a service to the property and insurance sector. They have developed SmartResilience, a real-time loss prevention software platform, which helps insurers and the insured understand the value at risk. Insurers spend £1.3bn a year on commercial property claims and £2.3 on domestic property claims, work on squeezed margins and struggle to differentiate with the competition. Balkerne provides customers with pre-emptive, bespoke information and actionable advice, allowing insurers to minimise claims, uninsured losses and improve the customer experience. Moreover, they helped businesses reduce their long term property risk through proactive mitigation and make insurance affordable. Their SmartResilience platform has been developed with the technical ability to integrate with both Amazon Web Services (AWS) and Microsoft Azure Cloud. The company is registered on the AWS Partner Network and with Microsoft for Startups. Modular functionality is core to the platform, with the ability to seamlessly scale to meet customer requirements.
days to go:
Expired
investment:
£150,000
