Logically

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.

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%

Officers

Dr Tinkle Jain
Appointed: 04-04-2018

Lyric Jain
Appointed: 05-07-2017

Ashwin Kumar Kumaraswamy
Appointed: 17-04-2020

News

Logically Acquires NG2 to Expand Midwest Presence - PR Web
19/01/2021 PR Web

Logically Introduces SecureCare and DaaS - PR Web
12/01/2021 PR Web

Can the Violence on Capitol Hill Be Justified? Thinking Logically and Biblically about the Ongoing Threat to Our Country - Christianheadlines.com
15/01/2021 Christianheadlines.com

Oregon Football: Andy Avalos Logically Linked To Boise State Position - Autzen Zoo
23/12/2020 Autzen Zoo

Logically Launches AI- and People-Driven News and Fact Checking App to Bring Validity and Credibility to US Election News and Information - PRNewswire
17/08/2020 PRNewswire

Logically launches £2.1m crowdfunding campaign | Insider Media - Insider Media
24/11/2020 Insider Media

Logically launches tool to identify and combat fake news ahead of US elections - ZDNet
13/08/2020 ZDNet

Logically To Live Fact Check US Presidential Debates - PRNewswire
28/09/2020 PRNewswire

Mercia Equity Finance and XTX Ventures back Logically to combat fake news - Private Equity Wire
13/07/2020 Private Equity Wire

Tech start-up Logically raises £2.5m - UKTN
13/07/2020 UKTN

Valuations in Technology

Bitstocks	£36.0M
Conigital	£34.4M
Lenderwize	£22.8M
Doctorpedia	£22.2M
Uhive	£13.1M
QED Naval	£12.5M
Wi-Fi Securities Limited	£9.1M
ClickMechanic LTD	£9.0M
DropApp Limited	£7.2M
Healingclouds	£6.1M

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

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.

Visit Pitch on Seedrs
More about Seedrs

0 comments

Funding progress

More from Technology

Together Price Crowdcube Technology

Together Price (TP) is a company on a mission to fight 'Subscription Fatigue' and allow users to streamline sharing of digital subscriptions. TP argues that 64% of consumers who intend on subscribing to a new digital service will downgrade or terminate their current subscriptions to make room for a new one. 40% of millennials are signed up for more services than they can afford, and feel 'Overwhelmed' by the number they manage. TP aims to change this scenario. The company provides nearly 1 million registered members with its services. It has raised €1.9 million, including securing an investment from Samaipata and LVenture Group. It has also signed affiliate agreements with 10+ Tier-1 providers and onboarded noteworthy entity Disney+. TP will use the investment to accelerate its growth by investing in technology up-gradation and marketing campaigns.

pledged: 164% days to go: 29 investment: £328,300

Hiro Seedrs Technology EIS

Hiro is an insurance technology company aiming to be a contender in the $6.9 trillion insurance industry. The company claims that conventional home insurance does nothing until the damage is already done. Hiro aims to change this scenario. It gives users access to smart technology to protect their property and rewards them accordingly by giving discounts on their insurance quote. The company has signed partnerships with 30+ leading device manufacturers towards this objective for example, Honeywell Home, Philips, and Lightwave, to name few. Hiro asserts that its platform, mobile apps, feature sets, and designs have been validated through an intensive insider's programme. Hiro is approved by the Financial Conduct Authority (FCA). The company has featured in publications like Forbes, the Guardian and the Evening Standard. Hiro will use the investment to develop Research and Development (R&D), furnish legal and compliance documents, and boost marketing and operations.

pledged: 146% days to go: 12 investment: £1,761,546

Sustainably Crowdcube Technology

Sustainably aims to make donations to charities an automated process. It argues that 86% of Generation Z and millennials, who are the UK's biggest givers, want to donate via mobile and see their impact. The company aims to serve this need via its app. Users need to choose the cause they want to support, connect their bank to the Sustainably app which calculates a user's spare change to the nearest £1 based on their transactions at retail outlets, and finally add a payment card to make donations. The app allows users to set their donation limits which they can stop, start, pause or change any time at their convenience. The company is regulated by the Financial Conduct Authority (FCA). It estimates that 4.9 billion people could donate over $1 trillion to charity by 2030. Sustainably has received awards such as Nesta, WeWork, Tech Nation, and Finovate. The company has featured in media publications such as BBC, Sunday Times, Forbes and Stylist. Sustainably will use the investment to approach new users and charities, improve app functionality, and launch a Business-to-Business (B2B) platform.

pledged: 87% days to go: 29 investment: £262,590

WATR Seedrs Technology

WATR is a low-cost, easy to deploy, solar-powered, multi-parameter solution that can be deployed in remote locations to monitor water quality. The company cites a recent report from the Environment Agency stating that not one of the 4,600 waterways in the UK meets safe water standards. The company argues that its product communicates live data 24/7. The product can be programmed such that alerts/notifications can be set to enable early interventions to upcoming issues. Users can access the data through WATR's app or web portal. WATR claims that its product can monitor multiple water bodies such as reservoir water, fish farms, quality of drinking water, and river/lake pollution levels. The company aims to become a significant contender in the £4.29 billion water safety market. WATR has received multiple Letter of Intents (LOI) for 108 units to be installed in catchments and reservoirs. The company will use 40% of the investment for manufacturing and assembling 500 devices, 10% for product roadmap development, 10% for marketing, 20% for hiring key personnel, 10% to ramp up production facilities, 5% to strengthen its board, and 5% for Intellectual Property (IP) expenses.

pledged: 93% days to go: 39 investment: £232,690

Drone Safe Register Crowdcube Technology EIS

Drone Safe Register (DSR) is one of the UK's leading platforms for public or commercial businesses to hire safe and insured drone operators. DSR estimates that the UK market has taken off in terms of individuals hiring aerial drone services, with the industry set to be worth $42.8 billion by 2025. DSR has capitalised on this, with over 480 pro members, paying a yearly membership, with over 40 joining in January alone. The company has been recognised by the Civil Aviation Authority (CAA) as a key business and has secured a rating of 4.2 on Trustpilot based on 21 reviews over its five-year operating track record. It will use the investment to accelerate company growth, build its team, stock, marketing capabilities, and launch into Europe in 2021.

pledged: 48% days to go: 26 investment: £72,558