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Technology

Seatfrog

Status: Active

May 26th 2021 - Jun 18th 2021

2 days left

Seatfrog allows users to upgrade to 'First Class' on trains running in the UK via its app. Users need to enter their booking credentials on the app and are shown a list of available options. Upon selecting their choice of an upgrade, users can either set their bid price for each seat or skip the auction and upgrade instantly with Seatfrog's buy now option. Upon winning, the company will send the user the new barcodes on their phone. Seatfrog asserts that 42 seconds was the record time for the fastest upgrade on its portal. Its app covers over 560 destinations. The company was named in the UK’s 'Top 30 Fastest Growing Tech Scaleups' in 2020. It has onboarded 340,000+ customers to date securing a 4.8 star App Store rating, earned revenue worth £2,095,091 YE 2020, and secured ~£10 million from some of Europe's leading technology investors. The company aspires to become a contender in the £160 billion European rail market. It will use the investment to expand across Europe and build a better future for rail travel.

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  • £2,339,493
    pledged
  • 155%
    of goal

    £1,500,000
    target

    £37,760,137
    pre-money valuation

    5.83%
    equity available

    2,692
    investors

    £869
    pledge per investor

    11265801
    company number

    Active
    company status

    20/03/2018
    incorporated 3 years

    £3.67
    share price

    Previous Funding rounds
    26 May 21 Crowdcube £2,339,493 / 156%

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  • £2,339,493
    pledged
  • 155%
    of goal

    £1,500,000
    target

    £37,760,137
    pre-money valuation

    5.83%
    equity available

    2,692
    investors

    £869
    pledge per investor

    11265801
    company number

    Active
    company status

    20/03/2018
    incorporated 3 years

    £3.67
    share price

    Previous Funding rounds
    26 May 21 Crowdcube £2,339,493 / 156%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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