Who hit their funding target this month?

Property, tech and eco-transport companies earn new funding.

Five UK companies, ranging from a property service platform to a car company, hit their funding target this month via crowdfunding site Seedrs. Here, we look at the money raised and what the companies will use it for.

Airsorted: The online platform, which allows people to let their entire house via Airbnb and other property platforms and provides guest vetting, listings, property maintenance, account management and cleaning services for homeowners has raised £2.14 million this month. The company has now raised over £7 million in Series A funding, including £5 million from Atami Capital and Pi Labs. The cash will be used to expand the company into 38 new cities by the end of 2019.

Den: The wireless switch allows users to turn off the house lights without leaving their bed at night or walking upstairs as it can be accessed via a smartphone. It also sends reminders via the app. It raised £1.53 million this month, which will be used on the first UK product launch in May 2018. Its founder started building the business when he was 15 while studying for his GCSE’s.

River Simple: raised £1.09 million to help build the first 10 beta hydrogen-electric cars, which will emit pure water vapour, will go alongside the £2 million grant it has already received from the EU. Its car charging takes three minutes and travel range is 300 miles.

Property firm Infabode, a members-only platform which connects over 17,000 industry professionals with industry data, raised £770,600. It is attempting to reduce the amount of hours needed to access key industry information in the property sector.

Chatbot We Build Bots, which aims to increase speed and efficiency at call centres, managed to raise £727,800 which will be spent on research and development on its AI expertise. Thorugh use of the software, businesses will be able to automate responses to queries.

The graph below shows that businesses on Seedrs raised £165 million this year while Crowdcube raised £150 million in 2017.

Michael Somerville

Michael Somerville

Michael was senior reporter for GrowthBusiness.co.uk from 2018 to 2019.

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