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Technology

Logically

Status: Extended

Nov 23rd 2020 - Jan 10th 2021

Logically uses advanced Artificial Intelligence (AI) to help governments, businesses and people uncover and address harmful misinformation. Its flagship consumer-facing product is an intelligent fact-checking and news curation app that combines the best of machine learning with human intelligence. The company's app has witnessed over 100,000+ downloads and completed over 10,000 fact checks. Logically's investigation has covered topics such as 2020 US Elections, regional Maharashtra Elections, and QAnon Central Hub Hosting Phishing Scams to name a few. It has featured in press entities like Forbes, Bloomberg, The Economic Times, and BBC amongst others. The company will use 28% of the investment towards sales and business/partner development, 25% towards technology and data science, 20% towards platform investments and additional data sources, 20% towards marketing and sales enablement, and 7% towards administrative expenses.

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Logically Rating Review

Rated on 08/12/2020

Pitch Rated

55%

Insufficient Data

Management

90%

Product

76%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

  • £2,110,694
    pledged
  • 100%
    of goal

    £2,100,008
    target

    £28,827,945
    pre-money valuation

    6.79%
    equity available

    269
    investors

    £7,846
    pledge per investor

    10850644
    company number

    Active
    company status

    05/07/2017
    incorporated 4 years

    Previous Funding rounds
    23 Nov 20 Seedrs £2,110,694 / 101% 55.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 90%

Skills 91%
To fight inaccurate content and disinformation, the founder has formed a diverse management team that fulfils all relevant positions of marketing, communication, data handling, social media, engineering, and finance. The Founder/CEO is an economics and finance graduate from the Harvard University and later pursued Masters in Engineering from the University of Cambridge, and is recognised in the Forbes 30 Under 30 Europe list. He has previously held the director-level position at a data processing company and specialises in project management, data analysis, entrepreneurship, and start-ups. The Head of Product is a certified SCRUM (software development) Master and is proficient in agile product development, customer satisfaction, content management, and information architecture. In 2017, she was part of the award-winning HuffPost UK's Media Product Team that was recognised as the Product Development Team of the Year at the AOP Award. The Director of Business Development is skilled in digital strategy, advertising, partnerships, cross-media content commissioning, and change management. The Head of Social Media is adept with skills of international relations, social media optimisation (SEO), networking, social media blogging, Instagram and Twitter marketing, and online communications. The Investment Director is certified in investment management and holds the ability to manage venture capital, private equity, financial modelling, corporate finance, and due diligence. Moreover, the management team also includes a COO, Global Director of Communications and Public Policy Director of Comms & Public Policy, Head of Data Science, Product Design, Engineering and R&D, as well as a Managing Editor.

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Funding progress



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  • £2,110,694
    pledged
  • 100%
    of goal

    £2,100,008
    target

    £28,827,945
    pre-money valuation

    6.79%
    equity available

    269
    investors

    £7,846
    pledge per investor

    10850644
    company number

    Active
    company status

    05/07/2017
    incorporated 4 years

    Previous Funding rounds
    23 Nov 20 Seedrs £2,110,694 / 101% 55.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • Financial Times
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  • The Times
  • The Daily Telegraph