Lessgo is a real-life social networking platform that allows users to have shared experiences with like-minded people in small and comfortable groups. The app allows users to engage in the pursuit of similar interests like a bike ride, a park run, have a drink, share moments after work, or have a meet-up. The company has acquired 800+ registered users through invite-only sign-up since its release in April 2021. It launched its successful beta between September–November 2020 with hundreds of organic users based around London and has witnessed 1500+ installs in the UK to date on iOS and Android. It will use the investment for growth marketing programmes, expand its team, and operations management.
days to go:
Expired
investment:
£122,070
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
Moley Robotics have created the Moley Robotic Kitchen which is a fusion of cutting edge technology and human expertise. The Moley Robotic Kitchen has been designed to fit into a regular kitchen, cost roughly the same price as a regular kitchen and can cook any dish from anywhere.
days to go:
Expired
investment:
£919,980
Conigital is a deep tech, driverless retrofit vehicle and on-demand ride-hailing company. The company provides a pandemic safe, turnkey driverless vehicle deployment of any vehicle type, including an automated bus. It also provides a backend operational platform to transport/mobility operators enabling them to run human-driven or driverless fleets as part of its Mobility as a Service (MaaS) offering. Conigital was voted amongst the 'Top 10 AI Companies' at the 2019 Vodafone 5GDIG awards. It will use the investment received for global expansion of its offices in Australia, India, USA, and Qatar. It will also grow its technical, marketing, sales and international management teams.
days to go:
Expired
investment:
£1,624,740
HairFare is an end-to-end hair and beauty chair rental platform that connects beauty professionals to salons, studios and barbershops across the UK. It asserts that the hair and beauty industry was worth £10 billion in 2018 and is set to increase. HairFare aims to be a contender in this segment. HairFare asserts that it has expanded to five cities within the UK with no marketing budget. The platform has featured in media platforms including The Barber Magazine, Islington Gazette, Startups of London, Business Daily, ITProPortal, ExBulletin, Compsmag, and LinkedIn News, to name a few. It will use 40% of the investment for creating its proprietary app, 40% towards marketing to increase the number of business owners and beauty professionals on the platform, 10% towards setting up its merchandise line, and 10% towards establishing the HairFare Academy.
days to go:
Expired
investment:
£57,736
Wrisk is a mobile app, a one-stop-shop to manage insurance in a seamless manner. Wrisk makes the whole insurance process simple, transparent and personal by showing the risk factors that impact the price, providing quick access to a quote after only six questions. Basing its distribution via B2B2C partners, it is the only insurance provider for BMW/MINI car in the UK and has also signed an MoU with the RAC to work on the joint development of an innovative motor insurance product. Wrisk has not only achieved solid 5 star reviews but also won a Diamond in Amsterdam (DIA) for being an insurtech with the most strategic impact. It has achieved £1M of gross written premium from over 2,500 customers.
days to go:
Expired
investment:
£978,682
A Smart Garden company offering customers to dive into growing a personalised garden in their homes at the push of a button. Gartenzwerg is a Hardware as a Service (HaaS) business utilising technology to enable people to sustainably experience nurturing, growing and caring for their indoor gardens via an app. The software is fully automated and actively informs users the current state of their gardens and displays instructions and measurements to ensure their plants continue to grow. This means that customers can enjoy high-quality home-grown food, sustainably and conveniently.
Gartenzwerg has offices in the UK and USA with B2B partnerships in Singapore and the UAE and their products are sold in 12 countries worldwide. The company currently has two product variations available, a standalone unit and a wall-mounted option. Their Smart Gardens use the latest technology and therefore Gartenzwerg is in the process of protecting their IP, as well as seeking valuations and commercialisation options.
The company's revenue stream consists of hardware sales, subscriptions to the service, licensing agreements and advertisements. Gartenzwerg also works in conjunction with businesses such as cafes, offices and garden centres to display their products.
Funds are being raised to scale the business further by accelerating the manufacturing process and offering a premium package subscription to customers. In addition to this, investments will be used to expand the team, develop new products, certify and protect IP and produce marketing campaigns.
days to go:
Expired
investment:
£167,722
Fortu Wealth is a Business-to-Business (B2B) Software as a Service (SaaS) solution for private banks, wealth managers, external asset managers & multi-family offices. The company aims to be a segment leader in the $158.3 trillion personal wealth market. It has developed and launched the beta version of its Fortu Wealth mobile app and a desktop version of the application with essential features during the first three quarters of 2020. It has also signed partnership agreements with top service providers to provide facilities like Foreign Exchange, Anti-Money Laundering (AML), and Know Your Client (KYC). Fortu Wealth will use the investment to enable further product development, manage operating expenses, and invest in customer acquisition.
days to go:
Expired
investment:
£500,045
MortgageGym is a technology business that makes mortgages easier and digital for everyone. Its technology was authorised by the FCA, delivering first-to-market digital innovations. This company has provided free online advice to over 45,000 consumers and has got £100m+ of mortgages arranged to date. Moreover, it also has integrated 65% of the 20 largest UK mortgage lenders into live eligibility. MortgageGym has multiple revenue streams such as revenues generated from the arrangement of appointments with brokers, commission shares, and referral fees. From the funds raised, MortgageGym will accelerate its ongoing proposition development by investing in people, particularly focusing on technology and product. It will also use the proceeds to develop new technology features which are not currently offered by its competitors.
days to go:
Expired
investment:
£443,086
Aloha is a barrier-free WiFi hotspot and data-sharing platform. The company estimates that 3.5 billion smartphone users worldwide pay to access the web with many unable to access the internet daily due to technical or financial constraints. Conversely, 67% of smartphone users do not consume all of their mobile phone data available to them each month. Aloha aims to change this scenario. It enables users to get paid for sharing unused data and be rewarded with 'Aloha Tokens' that can be exchanged for cash, bitcoins and exclusive offers from Aloha's partner companies. Business users and advertisers can use the advertising tools in the Aloha application and broadcast offers and promotions directly to a targeted audience within the Aloha community. The company will use 20% of the investment to list the Aloha Token with one or more key Crypto exchange platforms, 15% to expand the application development team, 17% to complete development of the Aloha Marketplace, 20% for marketing and PR, 16% for running monthly costs, 3% for Aloha app upgradation, and 10% as contingency funds.
days to go:
Expired
investment:
£307,707
