POS8 is a company that has developed an app, Fetch, that allows customers to order and pay from their phone. The company feels that 'Fetch' holds prominence against the backdrop of the Covid-19 pandemic. Using the app, customers can view a menu, order food & drink and pay securely, all in a matter of seconds with no need for contact, from the comfort of their smartphones. The app's 'Intelligent Ordering System' sends orders to a venue staff’s own devices according to who has the fewest orders waiting. The company believes that its pay-per-transaction model allows it to dominate the £98 billion restaurants industry. POS8 is also developing a LIDAR (Light Detection and Ranging) & beacon location technology to pin-point guests to an accuracy of 10 cm for faster serving times. The company will use 10% of the investment to complete its location technology, 20% in Point of Sale (POS) integrations, 20% in operations, and 50% in sales and marketing to build customer and user base.
days to go:
Expired
investment:
£438,660
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
Outfts is a fashion marketplace that serves retailers, influencers, and consumers merging the traditional marketplace concept with expanding social features. Users can shop via storefront, creator profiles, shoppable social feed, or search and product listings. Outfts is focused on 'Female First' creators. Outfts claims to bring together a growing collection of more than 55 retailers, combining over 3000 brands and over 1 million products. The company live tested its private beta, with three carefully selected clients namely, H&M, Urban Outfitters and MATCHESFASHION, and multiple influencers. It has acquired over 50 more high-profile clients, including Coach, Kenzo, MANGO, Harvey and many more. Outfts says it will use the investment to hire key personnel, manage operational expenses, manage marketing initiatives, oversee its app development, and expand outside of the European market, beginning with the US.
days to go:
Expired
investment:
£198,047
Brainpool AI is a global network of Artificial Intelligence and Machine Learning experts applied to Business. One of the top 10 AI Consultancies of 2019, the network has helped major companies like EY, Sainsbury, and Facebook in applying AI in automating and increasing their efficiency of operations. Brainpool AI's AI experts have been featured in many tech publications like Forbes, Daily Mail and Bloomberg. With the proceeds, the company will accelerate the process of bringing its first two products to the market. It will also improve its team, marketing & sales, employee training, etc.
days to go:
Expired
investment:
£203,456
Zoom 1hr is a hyperlocal last-mile delivery service delivering food, convenience and retail goods within one hour. The company is currently operating in West Midlands, Wales, and bordering English counties. It aims to become a contender in the online food delivery market that is projected to reach over £5 billion in 2021. Zoom 1hr has witnessed 70,000 app downloads, processed over 280,000 orders through its platform, and gained an annual turnover of £665,000 in 2019-2020 at an order growth rate of 108%. Zoom 1hr argues that its list of partners consists of local, national and international stores including Subway and KFC. It has also secured a contract with Co-Op to be its third national last-mile delivery partner, currently servicing 61 stores. The company will use the investment for New Area Mobilisation (NAM), product and website development, key hires, and team expansion.
days to go:
Expired
investment:
£595,084
Wedding Planner is an online wedding-planning marketplace that provides an easy way to plan and book a wedding. Around 20,000 couples are using this platform to plan their dream weddings. Besides being a pre-COVID profitable business in the UK, it is the UK's number one ranked site for 'Wedding Planner' as per Google. The website has been created by combining a digital wedding booking system, curated venues, planning tools, and supplier search options. The platform generates 8,500+ leads for venues and suppliers per quarter and has a registered base of 3,000+ venues and other suppliers. With the investment, the company will use 25% to update their booking system catering to couples and suppliers, 12% in creating new and tested standardised contract templates between the couple and the supplier, 13% in developing a partnership with a wedding insurance provider, 30% as substitution funds for supplier and venue subscriptions frozen during COVID-19, 13% in continuing the platform's growth in Sweden, and 7% in costs associated with fund-raising.
days to go:
Expired
investment:
£25,010
Prepaired is a global platform for university students to learn from and teach each other via video calling. Students can post a study request on the portal with the questions they have regarding a subject, and others can offer to explain it via a one-on-one video call. The company asserts that its technology is an ideal platform in the ongoing Covid-19 pandemic allowing students to share notes and chat on classroom syllabi. Prepaired has tied up with GlobalExam, an e-learning content provider, to further its mission of remote teaching. It will use 67% of the investment in product development, 12% in sales and marketing, and 21% as operations cost.
days to go:
Expired
investment:
£115,209
GENEROUS APE is an online shopping destination for the style-led conscious shopper. The company asserts that the word 'APE' is an acronym for 'Animal, People and Environment' and is targeted towards sustainable shopping. GENEROUS APE argues that it has completed eight weeks of beta-testing with an average of 450 visitors showing interest in its website and 47.62% being returning customers. The company asserts that the average basket value was £89 with partnerships signed with 80 style-led sustainable brands. GENEROUS APE onboarded 'DHL GO GREEN' as its primary delivery associate and partnered with World Land Trust on the 'Buy an Acre' scheme to facilitate wildlife protection in perpetuity. The company will use the investment for optimising marketing, boost organic growth channels and paid media, improve the consumer experience, and develop a personalised dashboard for each customer.
days to go:
Expired
investment:
£208,525
ShareVision aims to revolutionise trading and investing with its streaming technology and financial tools backed by credible creator-driven content. Users can chat live with creators on the portal, track their financial data, and avail the portal's messenger service to collaborate with other community members. ShareVision has partnered with a community of over 100,000 retail traders looking to either create or digest content relating to trading, investing and the economy. It has also onboarded credible investors such as Oliver Velez and John Person, amongst other internationally recognised specialists in investment, trading and financial management. The company has featured in publications like MarketWatch, Yahoo Finance, and Business Insider, to name a few. It will use 50% of the investment for growth and acquisition, 30% towards product development, 10% towards team expansion, and 10% for operations.
days to go:
Expired
investment:
£384,577
Faizpay is a financial technology entity that provides a cost-effective alternative to card payments in-store and online. The company facilitates account-to-account payments from a consumer to a merchant via 'Open Banking' as per the European Revised Payment Services Directive (PSD2) and bespoke direct Application Programming Interface (APIs) with financial institutions, when available. It asserts that their online tool provides seamless integration with a retailer’s e-commerce system including plug-ins and Software Development Kit (SDKs) for WordPress, Android and iOS. FaizPay states it also allows merchants to offer first-time and regular discounts that automatically apply to transactions. The company has 71 fully registered merchants with 95 registered terminals. FaizPay has onboarded the nine biggest UK banks and signed notable entities like Monzo, Revolut and Starling. The company will use the investment to grow its team, hire additional tech development and sales personnel, apply for an e-money license in the UK, and seek relevant financial authorisation to provide its services in the European Union (EU).
days to go:
Expired
investment:
£536,714
