MindGenius Announces Crowdcube Extension & Raises Over £550,000

Earlier this week, the team at MindGenius announced they have decided to extend their Crowdcube campaign. The UK tech startup took to the equity crowdfunding platform last month with a mission to raise £1 million as it prepares to debut its new online solution, Barvas.

MindGenius has been actively operating for seven years, has sold its desktop product to over 90,000 users in more than 120 countries. The company’s key goal is to “address the most significant challenges in project management and delivery to improve overall project success through online collaboration and communication” the new SaaS product. It also reported that Barvas had over 1000 users following an active beta trial and is noted to be an online end-to-end project management solution. It’s other advantages are the following:

• Alignment with business goals and key stakeholders considered, documented and tracked throughout the process.
• Offers an online workspace that provides user guidance.
• Includes mapping components that enable efficient planning.

While discussing the company’s crowdfunding campaign, Ashley Marron, CEO of MindGenius, previously stated:

“We chose to crowdfund MindGenius in a bid to find investors who not only provide financial support, but will also add to our database of customers and contribute to, and benefit from, the overall success of the business. Initiative uptake of the beta program has been promising with over 1,000 users, plus significant interest from users of MindGenius.”

Marron and his team selected ECf Solutions to help develop the campaign’s pitch.ECf Solution founder, Rob Murray Brown, commented:

“Too many equity crowdfunding pitches have overblown projections that end up being unrealised.’ We aim to offer investors sensible but exciting investment opportunities where investors can be confident the t’s are crossed and i’s dotted. Clearly the level of interest is very encouraging for us and the MindGenius team, in a market which we know from the recent Beauhurst Report is slowing down.”

MindGenius’ campaign is set to close later this month.