Symmetrical Power has developed an innovative solution that addresses the issue of energy wastage. After identifying the inefficiency of the 3 Phase Electrical Distribution Boards, Symmetrical Power is creating the ‘Intelligent Distribution Board’ (ID Board). It aims to prevent the challenge of peak demand whilst saving on energy bills. The working model of the product also received positive feedback from electrical specialists. Additionally, Symmetrical Power was also a Shell Springboard regional finalist (2018) for its new low-carbon ideas. With the proceeds, the company will complete design & begin distribution in Europe and to position itself as the go-to Distribution Board provider.
days to go:
Expired
investment:
£233,600
Loupe London is a jewellery company that aims to join London’s £42 billion-a-year creative industries market and set a new benchmark into the art of jewellery making. It plans to create an experiential destination in the heart of London’s heritage-rich 'Jewellery Quarter', and connect UK artisans and discerning consumers who share an appreciation for craft, creativity, and unique design. Loupe's team strives to celebrate UK's famous 'Hatton Garden' heritage, protect artisan skills by offering business support, and establish a workspace for artisans and future talent to build their careers. The company estimates that 80% of consumers prefer independent brands, are mindful of sustainable purchases and attracted to 'Made in UK' products. Loupe aims to target this cater to this segment. The company will use the investment to build creative utilitarian immersive space and a website with integrated social channels.
days to go:
Expired
investment:
£77,738
FloatWind manufactures mass-produced floating offshore wind turbines. It seeks to disrupt the £20 billion offshore wind energy market. The company argues that conventional offshore wind farms, installed at sea, use expensive and slow installation methods that are also dangerous to the marine environment. It further stresses that the high cost of installation is often borne by the consumer. FloatWind asserts that its business model is different. The company claims to build its products on land and then floats its ready-to-float turbines out to sea. The company points out that this reduces environmental damage, substantially reduces costs, and makes offshore wind energy cheaper. FloatWind was selected for a 6-month UK Innovate Edge business mentoring programme and appeared for SetSquared Business Mentoring Seminar in May 2021. The company has 3,000+ followers on LinkedIn. FloatWind states it will use the investment for product development, expanding its team, IP protection, promoting marketing and PR, and boosting its manufacturing capabilities.
days to go:
Expired
investment:
£311,497
A hardware designer and manufacturer specialising in innovative tools and equipment for yachts. Ark Marine have developed a solution for modern yachts to lift and launch dinghies with ease from a simple pushbutton operated system. According to the team's research, the product market could be potentially valued at over £600m. The company is a member of British Marine and has submitted patents for approval for developments in the future.
days to go:
Expired
investment:
£108,590
Chop2Bowl is the first in a line of kitchenware products created by Lewis Pennicott Design. The core Chop2Bowl product is made up of a split-board and six bowls, which are inserted into a base unit. The split-apart function means that cross-contamination can be easily avoided.
days to go:
Expired
investment:
£33,100
Perfino designs natural scent infused artisan jewellery. The company argues that one-third of humans are intolerant to synthetic chemicals and that up to 60% of these chemicals may be absorbed into the bloodstream. Perfino wants to change this scenario and provide fragrance lovers access to natural scents with no skin contact. Perfino pendants come with six super-absorbent lava stones and a bottle of expertly blended natural essential oils. Users need to simply add a drop to a stone, put it in the pendant, and enjoy a wonderful scent all day long. The company aims to disrupt the $310 billion global jewellery/perfume market with its products. Perfino's CEO has featured in the BBC’s CEO Secrets and Radio 4 Business Matters. The company will use the investment to grow its team and product range, boost sales and set up a membership service.
days to go:
Expired
investment:
£74,268
Bazar is the UK’s first dedicated ethical marketplace and lifestyle application. The company intends to disrupt the ~£32.8 billion UK consumer marketplace by creating a platform where eco-friendly businesses can thrive, and consumers can trust brand values. It brings curated ethical and eco-friendly brands, artisans, and items under one portal. BAZAR soft-launched its application with 35 sellers and 650 products in the COVID-19 lockdown which doubled showing positive seller demand. The app saw over 1800 downloads with early sales. The company has a social media presence with over 1500+ Instagram followers. It intends to enter the US market in 2022, followed by Europe. Bazar will use the investment to continue to develop its technology to help sellers grow their business and give buyers an intuitive shopping experience on the app.
days to go:
Expired
investment:
£208,368
Mash Paddle Brewery (MPB) aims to join South London’s brewery scene wherein its members brew their customised beer. MPB wants to provide members, for a monthly fee, with access to a professional kit, guidance, ingredients and a community who share the same passion to create unique brews that a regular consumer can’t buy off the shelf. MPB claims that the UK home-brew market is estimated at over 2 million people. It intends to capture this market and grow its business. The company won the City LaunchLab CitySpark “People’s Choice” and Santander Scholarship, planned a collaboration with a leading London cheesemaker to create a ‘beer & cheese’ experience, and raised £10,900 on Crowdfunder. MPB has also featured in CAMRA’s BEER magazine and Beer52’s FERMENT. The company will use the investment for its first, fully-kitted site identified on Bermondsey Beer Mile, and build a taproom serving fresh beer brewed on-site.
days to go:
Expired
investment:
£88,950
Nooro makes cannabidiol (CBD) snack bars. Company founder J.D. Furlong asserts that blending CBD and certain nootropics lead to better cognitive functions in individuals. Nooro also argues that it is the UK's first CBD snack bar seller that is plant-based and gluten-free. The company's products are stocked across 250 retail outlets, cafes, gyms, and delis across the UK. Nooro pivoted to Direct-to-Consumer (D2C) sales during COVID-19 to get better margins. It invested in creating a business model with four distinct revenue streams with 60% earnings coming via e-commerce D2C sales, 15% via digital affiliate sales, 15% via direct sales to partners, and 10% via wholesalers. The company will use the investment to launch an additional three new flavours by February 2021 and grow its business across different verticals.
days to go:
Expired
investment:
£235,819
Altr is an e-commerce startup that specialises in male grooming and cosmetics. It is a brand that is committed to helping men look and feel more confident. The company adopts a B2C business model with the aim to reconstruct male cosmetics from a niche into a mass-market essential. The company retails through its own website and supplies across the UK, the US, Italy, and Spain through Amazon. In December last year, the company recorded a monthly turnover of £45k, doubling sales month on month (Oct-Dec). The funds raised will be used to increase product range and expand internationally.
days to go:
Expired
investment:
£103,530
