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Status: Funded

Expired

Lupe Technology is a tech startup based in Bristol, UK. The company has developed a revolutionary cordless vacuum cleaner based on its patented technology. Its 'Pure Cordless' has outstanding suction power, endurance, and great battery life compared to similar products from rival brands like Dyson. In 2015, the company went full-time with the award of an InnovateUK Grant. In 2019, it completed the biggest ever crowdfunded vacuum cleaner campaign beating campaigns run by Chinese giant Xiaomi. The brand has been featured in The Times and Digital Trends. It also became the A'DESIGN Award Winner of 2019. In 2020, Lupe Technology secured its first trade orders and ordered its first mass-production run. The company aims to use 22% of the investment for marketing, 22% on staffing and business overheads, and 56% for stock.

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Lupe Technology Rating Report

Rated on 13/04/2020

Pitch Rated

84%

Gold

Management

90%

Product

84%

Investment

79%

Pitch rating powered by CROWDRATING

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%
Lupe Technology is founded by two former Dyson engineers who are experts in the field of tech consumer goods, who have assembled a strong team of skilled professionals. The Managing Director is an Aero Engineer by background, now a hardware startup entrepreneur. The Technical Director is a proven innovator who has generated multiple patents on vacuum cleaner technology. The marketing head is an experienced marketeer and brand consultant who is skilled in the creation and implementation of a strategic marketing plan.


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Funding progress



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Pitch Rated

72%

Overall

rating powered by

CROWD RATING™

pledged: 140% days to go: 11 investment: £280,002
CFP is a family owned business which is backed by British Business Bank. The company has created the world’s leading carbon fibre composite recycling operation. CFP has drawn a pipeline of business across a range of applications and is now involved with 25+ businesses across automotive, defence, and oil and gas industries. The company has taken concrete steps to improve its sales team to reflect its end market focus. CFP believes that as the adoption of the products occurs, the markets are adequately plentiful and different for CFP to achieve its aspirations and that the exit valuation fixed out in the Investment Memorandum remains achievable.
pledged: 0% days to go: Extended investment: Unknown

  • £795,753
    pledged
  • 122%
    of goal
  • Funded
    22 May 2020

    £650,000
    target

    £5,075,023
    pre-money valuation

    11.35%
    equity available

    747
    investors

    £1,065
    pledge per investor

    08988260
    company number

    Active
    company status

    09/04/2014
    incorporated 6 years

    Equity Calculator
    Investment
    £
    Equity
    %
    Funding rounds
    06 Apr 20 Seedrs £795,753 / 122% 84.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Daily Telegraph