Upgrade Pack Now Overfunding on Seedrs

Upgrade Pack Now Overfunding on Seedrs
11.04.2019 11:43 am

Upgrade Pack Now Overfunding on Seedrs

Investment

New fintech-based startup, Upgrade Pack has exceeded its £500,000 fundraising target with leading European investment platform Seedrs. Since launching its crowdfunding campaign in March, the closed marketplace for discounted flight and hotel upgrades has attracted over 350 investors through the Seedrs community. With 25 days still left to run, the company is now overfunding.

Co-founded by Craig Unsworth (CEO) and Urchana Moudgil (COO), the milestone provides the Richmond-based startup, which marks its first year of operations this week, with a pre-money valuation of £12,750,000. Delivered as an app, Upgrade Pack’s closed marketplace technology helps banks and financial services companies to retain and reward high value customers with membership of its platform, where they can access exclusive and unlimited offers on flight and hotel upgrades.

The £500,000 is part of an overall £2.25m of investment sought, which will drive the company’s expansion into the USA and Asia. Prior to the campaign with Seedrs it had raised £1m in a pre-seed funding through private investors.

Craig Unsworth, Founder and Co-Founder and CEO of Upgrade Pack commented:

“We have been thrilled with the response to our first crowdfunding campaign, and the anticipation around what we are creating. To reach this latest milestone on the week of our first birthday is especially rewarding. We’re now focused on our app’s imminent Beta launch to our founder members – which brings us closer towards our full launch later in the Spring.”

The Seedrs funding round is set to close in early May.

For more information, please visit the Seedrs campaign page: www.seedrs.com/upgradepack

Related News

ESG Investment North America Virtual Summit – by Reuters Events Markets

Reuters Events hosts the leading, North American institutional investor forum bringing financially critical ESG insights to mainstream investors. Join a two-day agenda that... Read more »

ESG Investment Europe Virtual Summit – by Reuters Events Markets

Reuters Events hosts the leading institutional investor forum for delivering strategic ESG insights to drive forward-thinking investment policy. Join a two-day agenda that... Read more »

Remitly Announces $85 Million Round as Digital Remittances Surge Globally

Remitly, the mission-driven provider of remittances and financial services for immigrants, announced an additional $85... Read more »

London Derivatives Exchange selects Exberry to deliver matching engine technology

Exberry, the exchange technology pioneer, has been appointed by London Derivatives Exchange (LDX) to provide matching engine technology. The... Read more »

FinecoBank expands UK offering with access to Algebris Funds

FinecoBank today announces the expansion of its investment products with a suite of funds from Algebris.

With the new funds from London... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel