This article does not constitute financial advice and is designed for information purposes only.
Crowdfunding can be a great way for startups to inject more capital into their operations. Not only does it help them raise quickly, it also allows them to test their business concept and start to build a community.
In fact, in recent years, crowdfunding has become incredibly popular with startups and small businesses alike.
For investors, though these investments can be high risk, the benefits are also clear. For those that want to invest some money in startups but are unable to meet larger ticket sizes, crowdfunding can be a great way to get a smaller (but still significant) piece of the pie.
It can also provide great returns – though it is riskier than other types of investing.
So, if you find yourself looking for companies to invest in, we’ve rounded up some startups that have announced their funding rounds this week.
Savy
How much are they raising: £80,000
Website: savy.app
SEIS/EIS? Yes
About: Savy is setting out to make taxes fairer by helping people claim back missed tax savings. Using AI, their app lets working people automatically claim back overpaid tax to put more money back in their pocket.
Savy is getting more popular and has already launched a live app, has early paying customers and launching 2 B2B partnerships.
Where to invest: Crowdcube
Tympany Medical
How much are they raising: TBC
Website: tympanymedical.com
SEIS/EIS? No
About: Tympany medical has developed a ‘solascope’ that is helping medical professionals speed up endoscopy procedure times and improve surgical performance.
The device is designed to make the process simpler and more efficient, and is aiming to take over the £18bn endoscope market commencing in ENT.
Where to invest: Crowdcube
Lion’s Den
How much are they raising: £90,222
Website: lionsdenmushrooms.co.uk
SEIS/EIS? Yes, SEIS
About: Spearheaded by MasterChef semi-finalise Ollie Hunter, Lion’s Den is a collection of mushroom based sauces packed with flavour and the benefits of Lion’s mane.
Designed to be used when cooking plant-based dishes, his ‘Shroomami’ range helps more people cook healthy and tasty food at home.
Where to invest: Crowdcube
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The Home Hospital
How much are they raising: £600,000
Website: www.thehomehospital.com
SEIS/EIS? Yes
About: The Home Hospital is on a mission to help people access more affordable, on-demand and better treatment at home. Backed by clinicians and other partners, it’s healthcare delivered by specialist doctors but powered by the latest diagnostic technologies.
Where to invest: Europe Republic
FanHub
How much are they raising: TBC
Website: fan-hub.com
SEIS/EIS? EIS
About: FanHub rewards football fans with pints, tickets and exclusive experiences in exchange for their loyalty. As fans usually spend a lot of money at stadiums without reward, fan hub allows them to earn back points or money every time they spend at the grounds or with specific partners.
Where to invest: Crowdcube
Chirp
How much are they raising: TBC
Website: chirpfamily.com
SEIS/EIS? TBC
About: Chirp has created a child protection software for smartphones, which is designed to block harmful content even in encrypted apps.
Designed to disrupt the €3BN parental control market, Chirp is setting out to help parents keep their children safe online.
Where to invest: Europe Republic
LOONAWELL
How much are they raising: TBC
Website: loonawell.com
SEIS/EIS? No
About: LOONAWELL is a Swiss brand looking to help pet owners give their dogs more nutritious food. Based in Zurich, the company creates organic, human-grade meals, treats, and supplements.
Through LOONAWELL products, owners can ensure their dogs get the best food, from source to bowl.
Where to invest: Crowdcube
Zoe
How much are they raising: TBC
Website: zoe.com
SEIS/EIS? TBC
About: Zoe is already helping millions of people understand their own personal microbiomes. Through gut health tests, combined with their AI app, people can get more personalised recommendations around what to eat.
Where to invest: Crowdcube
PrimeTic
How much are they raising: £65,000
Website: primetic.live
SEIS/EIS? No
About: Primetic is a ticketing platform that makes it easier for people to resell their tickets. Using a bid/offer button and with the ability to set alerts for certain events, it’s helping build a more transparent, flexible and fairer market around tickets.
Where to invest: Crowdcube