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Engineering and Construction

Lupe Technology Limited

Status: Extended

Apr 12th 2021 - May 11th 2021

Lupe Technology (LT) aims to solve the frustrations that consumers were having with cordless vacuum cleaners. Its product, Lupe Pure Cordless Vacuum Cleaner, consists of the company's patented Suction Intensifier (SI) technology that can pick up dust more efficiently than conventional vacuum cleaners. Forbes calls the Pure Cordless 'The Rolls Royce of vacuum cleaners.' In 2019, LT completed the biggest ever crowdfunded vacuum cleaner campaign. In 2020, LT secured its first trade orders and completed a £560,000 Kickstarter campaign in 5 weeks. The company recorded profits of £100,000+ in November 2020 and achieved a positive Earnings Before Interest and Taxes (EBIT) position. LT will use 19% of the investment received towards marketing, 55% in stock, and 26% on overhead costs including payroll.

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  • £556,126
    pledged
  • 139%
    of goal

    £400,001
    target

    £7,401,096
    pre-money valuation

    5.13%
    equity available

    567
    investors

    £981
    pledge per investor

    08988260
    company number

    Active
    company status

    09/04/2014
    incorporated 7 years

    Previous Funding rounds
    12 Apr 21 Seedrs £556,126 / 139%

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  • £556,126
    pledged
  • 139%
    of goal

    £400,001
    target

    £7,401,096
    pre-money valuation

    5.13%
    equity available

    567
    investors

    £981
    pledge per investor

    08988260
    company number

    Active
    company status

    09/04/2014
    incorporated 7 years

    Previous Funding rounds
    12 Apr 21 Seedrs £556,126 / 139%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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