Finance · 17 July 2018

UK startups overfunding right now: Shazam for investors and an AI chatbot

Which small companies generated the most investment last month?
For the first in a regular Business Advice series, we take a look at the startup companies which exceeded their fundraising targets in June 2018.

As a vital conduit for small business finance, crowdfunding is generating more investment for promising startups than ever. For the first quarter of 2018, Crowdcube alone funded 49 businesses, passing a 400m milestone in the process.

Technology is also playing its part. In the same three months, almost a third of investments made were through the platform’s iOS and Android apps, demonstrating that the crowd is keen to invest on the move.

Here are the companies which surpassed their fundraising targets last month on some of the leading crowdfunding platforms.


The dabbl app enables you to invest in brands and companies you love, bringing investing to everyone. dabbl is like Shazam for investing. You take a picture of the product or brand that you love, then you can buy shares in the company that owns it.

Platform: Seedrs
Investment target:£350, 003
Equity offered: 3.38%
Raised: 590, 150
Overfunded: 169%

Founder’s comment: We are delighted by the response so many investors of all sizes have given this project. To have overfunded so quickly is especially reassuring, underlining both the conservative valuation we have applied to the business and also the fact investors appreciate supporting a product that already has clients on board placing transactions. (Mark Ackred, co-founder)


Qured is an on-demand health technology platform which provides affordable at-home healthcare at our patients’ convenience. Qured aims to democratise private care, becoming the go-to platform for both patients and practitioners. After a successful launch in London, Qured is preparing a UK roll-out.

Platform: Crowdcube
Investment target:£500, 000
Equity offered: 6.93%
Raised: 521, 110

Founder’s comment: Like every great idea ours started with a pressing problem, like many new problems we found that getting GP appointments is time-consuming and frustrating. We realised we were not alone in our need for immediate but affordable healthcare especially available out of hours to fit around busy lives. So we created Qured, a doctor delivered to your door with the reassurance that only a face to face appointment can provide.” (Charlie Harington, co-founder)


Plum is a personal money assistant that uses AI to manage your money the way you should but can’t be bothered to. Connect your bank account to Plum via open banking, and we then they use the data to make the most out of your money across three pillars of financial well-being.

Platform: Seedrs
Investment target: 850, 004
Investment for:?To grow their user base to 500, 000, double their tech team, launch IOS and Android apps and expand to more European countries.
Equity offered: 9.59%
Raised: £967, 219
Overfunded: 114%

Founder’s comment: “We can imagine a future when you have your bank account connected to Plum, chatting to Plum about a new loan you want to get or a new mortgage. Plum gives you feedback which is informed by your transactional history, so it intimately knows you better than anyone else does. It can give you the best advice for your specific needs, and that is the future we are building towards.” (Victor Trokoudes, co-founder)


Polysolar is a Cambridge cleantech company who make windows that generate electricity. Polysolar aims to lead the way with transparent photovoltaic glass that forms the fabric of the building. Their vision is to turn buildings into power stations, with windows that generate clean renewable energy.



Carly Hacon is a reporter for Business Advice. She has a BA in journalism from Kingston University, and has previously worked as a features editor for a local newspaper.