Meetzoo secures £173,290 Crowdcube investment to improve business meetings
The app-based start-up will launch out of beta using the funding round, after attracting backing from 123 investors in exchange for 17.82% equity
Meetzoo, a new business meeting app, closed its crowdfunding campaign today after raising £173,290 on equity-based crowdfunding platform Crowdcube.
The UK start-up exceeded its original crowdfunding target by 15% after its 30-day campaign was extended by an additional seven days. 123 investors participated in the crowdfunding round in exchange for a share of the 17.82% equity stake available.
Founded in February 2016 by Paul Lewis-Borman, Meetzoo merges calendars, task and action tracking, collaborative notes and social profiles to inform business meetings. It also shares information about the people involved and the content of past meetings.
Lewis-Borman, who co-founded Symbox in 2004, has said he was inspired to create the app to solve the problems that would typically slow his own company meetings down.
Currently in beta mode, Meetzoo will use the crowdfunding to launch officially.
Lewis-Borman commented: “We now have the funding to deliver our exciting roadmap where we release versions for other platforms such as web and Android.
“We’re going to develop features that move beyond calendar-driven meetings to events and conferences, with integration to apps like Eventbrite and features for ad-hoc encounters such as ‘bump to meet’ – where you can bump or shake phones with a new person you meet and instantly exchange details.
“The fact that so many people have invested in Meetzoo is validation of the app in the eyes of our future users, as well as confidence in the revenue model we have demonstrated.”