Startup investment: the Seedrs monthly round-up
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The Seedrs monthly round up for August 2019 includes a variety of investments and prominent funding for companies in tech sector. Click here to see the round up from July.
WeSwap:
How much raised: £2,489,190
Number of investors: 1,397
Who are the investors: Investors on crowdfunding site Seedrs
For what: Proceeds from this raise will be used to launch in international markets, develop new products and invest in new partnerships.
- WeSwap is an award-winning peer-to-peer currency platform
- Recently hit 500,000 users and £250 million in global currency traded on the platform since launch in 2015
- Operates booking flow integrations with online travel partners
- The round will support the Series B investment round launched led by IW Capital, WeSwap’s primary and lead investor
Yielders:
How much raised: £661,135
Number of investors: 480
For what: Proceeds will be used for investing in technology, entrance into new markets and product development
- Yeilders is an award-winning real-estate investment platform
- The UK’s first Islamic-finance friendly fintech company regulated by the FCA
- Wants to lower the barrier of entry to a classically inaccessible asset class
- Completed over £6m assets under management
- Secured £20m of new property dealflow
Deciwatt:
How much raised: £519,607
Number of investors: 219
For what: The investment will be used to launch its new product NowLight
- Deciwatt creates renewable energy products that allow users to make light and power. Instantly
- Its first product ‘GravityLight’ attracted the attention of millions of people by harnessing the energy potential of gravity to power an LED lamp
- Now launching a new product, NowLight, which creates instant light and power from the pull of a cord
- In 2018 partnered with the Red Cross to test pre-production samples in refugee camps in Rwanda and Uganda
AnyGood?:
How much raised: £439,427
Number of investors: 354
For what: The investment will be used for membership acquisition, marketing campaigns and operational overheads
- AnyGood? is the crowdsourced talent platform, using the power of the crowd to recruit
- Members have a real-life relationship with the professionals they recommend so have an in-depth knowledge of their capabilities and suitability
- 320 successful candidate referrals to date – the platform currently holds over 1,100 members
- Currently on the Mayor of London’s Business Growth Programme
Workhorse:
How much raised: £402,497
Number of investors: 219
Who are the investors: Investors on crowdfunding site Seedrs
For what: Funds raised will be invested into further developing the platform and employing more staff
- Workhorse is the small business application platform enabling SMEs to work smarter and grow faster
- The product integrates complex business processes that supports specific operations
- Already on-boarded over 50 customers across 5 countries
- Monthly recurring revenue of £8,600
Vitae London:
How much raised: €149,275
Number of investors: 166
Who are the investors: Investors on crowdfunding site Seedrs
For what: Funds raised will be used to make key hires, launch US fulfilment site and drive marketing channels
- Vitae is a watch brand which supports education – a fashion brand looking to change lives
- For each watch sold, Vitae provides a child in South Africa with the resources they need to access education
- Sold in over 30 countries and distributed over 2,000 items of school uniform to children in need
- Ambassadors include Richard Branson and Pharrell Williams