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Status: Funded

Jul 1st 2021 - Jul 30th 2021

Crover intends to leverage the world's first proprietary method for locomotion in bulk solids. It argues that globally, 20% (60% in developing areas) of harvested grains are wasted during storage that led to almost 631 million tonnes of grains being wasted in 2018. Crover claims CROVER, its robotic grain monitoring device, can fluently “swim” in stored grains, monitor their conditions, reduce losses due to spoilage and avoid a drop in quality of these valuable crops. The company argues CROVER can provide hi-resolution readings across the storage unit and help hinder pest growth, allowing for early detection of potential spoilage. Crover was awarded £614,000 in grant funding including, £212,000 from Innovate UK. It has featured in publications such as The Times, Farmers Weekly, and Milling & Grain. They intend to use the investment to begin arranging and readying parties regarding new pilot programmes and begin small series manufacturing for these pilot schemes.

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Crover Rating Review

Pitch rating powered by CROWDRATING

Rated on 22/07/2021

Pitch Rated

57%

Insufficient Data

Management

84%

Product

87%

Investment

UNRATED*

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

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    £2,499,367
    pre-money valuation

    11.90%
    equity available

    577
    investors

    £585
    pledge per investor

    17/05/2018
    incorporated 6 years

    £1.98
    share price

    Previous Funding rounds
    01 Jul 21 Crowdcube £337,762 / 225% 57.00%

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

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 84%

Skills 82%
The 'Crover' management team comprises skilled professionals whose published LinkedIn profiles include expertise in technology, agriculture, sales, marketing and finance. They have an experienced team in place that consists of a Founder/MD, a Mechatronic Engineer/Director, a Product Development Engineer, and an Operations & Industry Liaison Executive. The Founder/MD is competent in computational physics, geotechnical engineering, structural analysis, project management, AutoCAD, high-performance computing (HPC) and discrete element modelling (DEM). He has also been awarded the Enterprise Fellowship from the Royal Academy of Engineering. The Mechatronic Engineer/Director is proficient in creo parametric, fluid mechanics, thermodynamics, engineering design, machine learning and artificial intelligence (AI). The Product Development Engineer has multi-body dynamics, robotics, Hypermesh, Solidworks, and finite element analysis skills. The Operations & Industry Liaison Executive is skilled in social media marketing, digital media, graphic design, web analytics, Google AdWords and adobe creative suite. The company also employs an accountant, who works closely with a selected number of technology companies, and keeps the company's finances in check.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £2,499,367
    pre-money valuation

    11.90%
    equity available

    577
    investors

    £585
    pledge per investor

    17/05/2018
    incorporated 6 years

    £1.98
    share price

    Previous Funding rounds
    01 Jul 21 Crowdcube £337,762 / 225% 57.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph