Powered Now Revisits Crowdcube for Second Crowdfunding Round: Secures over £144K in 24 Hours

powered nowEstablished in 2012 and based in the UK and Hungary, Powered Now focuses on developing software for business owners. Co-founders are the serial entrepreneurs and e-commerce trailblazers Chris Barling (who set up Actinic in 1996) and Benjamin Dyer, a software developer and former director at SellerDeck. In 2013, 2014 and 2015 the company has been on the Startups 100 list of innovative young businesses. Over 30,000 users worldwide have downloaded and registered their details with the app.

benjamin dyer“The field trade industry is one of the last to see the real benefits of the computer revolution,” says Benjamin Dyer, CEO and co-founder of Powered Now. “And this is despite the fact that there are around 950,000 such businesses operating in the UK alone. By providing our apps to help these companies and individuals manage their paperwork we have already demonstrated that we can make them more productive and profitable.”

The award-winning mobile business administration app for iPads, iPhones and Android devices aims to streamline paperwork for sole traders and small firms of plumbers, electricians and builders by offering a comprehensive admin toolkit which offers services ranging from preparing an estimate to taking online payment.

powered nowIn 2013, Powered Now won The Next Web Best Mobile App award at the Microsoft BizSpark startup rally, was selected as Crowdcube Start-up of the Year in 2014 and was  featured as an Apple best new business app in 2015.

Looking to secure a minimum of £350,000 on Crowdcube in return for 10.8% equity for A (£10,000), B shares, Powered Now secured over £144K from over 20 investors within the campaign’s first day going live. The money will both scale up the already successful marketing strategy and allow further product development.

Powered Now’s initial round on Crowdcube proved successful after a highly successful raise of £585,000 in the summer of 2014.

Chris Barling“We chose Crowdcube because it’s very accessible, being open to anyone who wants to get involved with innovative and disruptive businesses like ours,” says Chris Barling, Powered Now’s co-founder. “Like last time, we think the public will be keen on investing as so many use tradesmen and know how they can struggle to get quotes out quickly. The campaign will also help Powered Now get the message out through a crowd of enthusiastic ambassadors, so it’s all very exciting for us.”

Registered Crowdcube investors may learn more detail information regarding Powered Now’s campaign here.  40 days remain on the campaign.


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