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
ALVÁTECH is a sustainable water technology company on a mission to revolutionise the $1.3 trillion per annum agriculture industry that consists of 537 million farmers. It claims that the agriculture industry uses 70% of global water consumption. ALVÁTECH aspires to change this. It argues that its technology disrupts water molecules in an ecological way, helping farmers grow more with less water. The plug and play solution runs entirely off solar energy and is chemical-free. ALVÁTECH claims that it has installed its water treatment devices in 17 countries across six continents and established an international distribution network since its product launch in August 2020. The company has also signed agreements with entities in Latin America, Africa, Asia, the US, Europe and the Middle East. ALVÁTECH will use the investment to expand its distribution network, sales teams and subscription plans to reach more farmers and develop Hydro devices for vertical farming, boost hydroponics, and create ALVÁ personal home devices.
days to go:
Expired
investment:
£504,932
Publisher Discovery, using AI & Machine Learning technologies, provides recommendations to Advertisers of highly relevant Publishers in the affiliate marketing sector. The company has built a uniquely curated database of over 2 million publishers and 330,000 advertisers, which are then analysed, compared, and matched to make recommendations in ranked lists, matching the best publishers with each advertiser. The affiliate publishing market is worth 16 billion dollars per year but is still largely dominated by human-based agencies and is uniquely suited for automation. Publisher Discovery aims to capitalise on this aspect and establish itself as the market leader. The company has signed up over 50 publishers and is negotiating contracts with two large distribution partners. It is currently raising £1 million investment with £675,000 committed so far, to grow sales and operations and reach over £2m Annual Recurring Revenue (ARR) in the following 12 months.
days to go:
Expired
investment:
£800,000
Zobi is a technology company that aims to secure smart devices in a home against any potential attacks by a fraudster or fraudulent entity. Zobi's first device and app, Hedgehog, aims to address this issue. Hedgehog can anonymously monitor the Wi-Fi of a user, detect and block suspicious activity or devices, and show a user the security loopholes and the means to plug them. Zobi claims that there are currently around 135 million connected homes and, by 2025, the spending per year on smart home devices is said to be $160 billion. It aims to be a major contender in the smart home security sector. The company won the European Product Design Award 2020 and secured $120,000 worth of grants from Amazon and Google for its cloud services. Zobi will use the investment to build partnerships and its business development team, expand its offerings to other regions, scale-up marketing and PR, and recruit a senior Chief Technology Officer (CTO).
days to go:
Expired
investment:
£511,386
Homemidwife is an on-demand private midwifery service for mothers during and after pregnancy. Homemidwife cites data arguing that the National Health Service (NHS) in England is short of almost 2,500 full-time midwives. The company also asserts that the freelance midwifery market is still old-fashioned, with NHS midwives struggling for time to advertise their private midwifery service. HomeMidwife aims to change this by making it easier for mums to look for professional and experienced midwives. The company allows users to make appointments for a teleclinic or home visit through its website or app. It will use the funds to improve the functionality of its web portal, scale-up its app coverage in London, and increase recruitment of midwives to 200.
days to go:
Expired
investment:
£61,339
UnderPinned gives freelancers a single, dedicated platform to learn how to build a successful business, find clients, manage their work, and help them get paid on time. The company aspires to build a connection with users that ensures everyone thrives through its accelerator programme, community, and content. UnderPinned asserts that its accelerator programme allows it to achieve day one unit profitability before converting users to subscribers. It claims to have made £12,772 in revenue with £8,000 spent on marketing in its first month of programme sales in January 2021. The company argues that COVID-19 has accelerated freelancing, moving away from traditional employment. UnderPinned has a community of over 20,000 subscribers and growing. It says itvwill use the investment to scale its team, marketing and product development as it focuses on expanding in the US and EU markets.
days to go:
Expired
investment:
£629,086
MusicGurus is an e-learning platform that offers video courses, interactive sheet music and online tests/exams. The company argues that conventional music learning is archaic consisting of lessons in either paper or PDF formats. MusicGurus aims to change this. Its portal features celebrity artists and pro musicians teaching all instruments and styles allowing users to avail the scrolling sheet music option and even "Play with a live band". MusicGurus asserts that it has 40,000+ users worldwide. It aims to become a contender in the $18 billion music learning industry. The company has raised £700,000+ to date from Venture Capitalist’s (VCs) such as Ascension Ventures and business angels such as the founder of Caffè Nero. MusicGurus has also partnered with music establishments such as Rockschool, Sony ATV, Hal Leonard, and Schott, amongst others. It will use the investment to develop new celebrity and partner courses, increase its sales, and prepare for a Series A round in 2021.
days to go:
Expired
investment:
£176,336
Genomes.io is a safe and private DNA data storage application resolving the problem of DNA data breach and exploitation. It helps the users to store, manage, promote and arrange their genomic data in order. The company is a member of Consensys Labs Tachyon II Accelerator 2019. It has also signed MOU with TenX Health VC for lead investment and board position and, it is in discussions with Pharma & Biotech co for establishing partnerships. The company is seeking funds to bring its B2B and B2C products to market.
days to go:
Expired
investment:
£1,035,370
Dream Reality Interactive (DRI) is a software development company that builds interactive programmes and games across the full spectrum of immersive platforms and devices. DRI is in a soft launch of its mobile Augmented Reality (AR) karaoke game, Singheads, with the full launch expected in late June. DRI is partnering with Snapchat to leverage its 229 million daily active users towards this objective. The game offers players a new song to sing every day, and the unique business model opens the mobile karaoke market to ad-funded play. AR avatar heads powered by Bitmojoi (similar to Apple’s highly valued Memoji) significantly enhance the user experience. The company will use the investment to further develop its game. It will exit by being a catalyst in launching a successful number of games and eventually be acquired by a global platform such as Snapchat, Apple, Tik Tok, or by a global video games company such as Electronic Arts, Zynga, Activision, Tencent or NetEase.
days to go:
Expired
investment:
£135,000
JiveBird allows users to create and send a greetings package that consists of a personal voice message, music, eCard, a photo or selfie, and a gift to their loved ones or acquaintances. The company asserts that its package can be sent at the last minute or in advance. Jivebird claims that for the millions of people who send greetings and gifts every year, its portal provides a personal, cheaper, and convenient way to send greetings. Jivebird argues that it has no direct competitors. Its exit strategy is to sell the company when it achieves the growth metrics in the business plan, projected to be within five years of consumer launch.
days to go:
Expired
investment:
Withheld
