Crime reporting platform Facewatch boosted by £537,000 crowdfunding
Over 150 Crowdcube investors back company which allows businesses, police and public to share images to solve petty crimes
Online crime reporting platform Facewatch has successfully overfunded its crowdfunding round on Crowdcube, raising in excess of £530,000 from 153 investors.
Launched by Simon Gordon, the founder of popular Covent Garden venue Gordon’s Wine Bar, Facewatch enables businesses, the public and police to tackle low-level crime by sharing images within groups for the prevention of crime and by submitting digital evidence files to the police to help solve crimes.
The business looks to save police forces money and improve on conviction rates and estimates that it saves a minimum of four hours of police time for every crime reported via its platform having worked with the likes of CPS and the Metropolitan Police Service.
It now plans to use the funding to drive its UK expansion and support the launch of its new Communicator app; which will enable Facewatch users to communicate within groups such as Pubwatch, ShopWatch, and the launch of its mobile app which will allow users to report incidents on their smartphones.
Facewatch founder and chairman, Gordon, commented: “We are absolutely delighted at the support we have received from ordinary members of the public, who obviously share our vision to bring businesses of all sizes and the general public together with police forces across the UK to help tackle the scourge of low level crime.”