Meetzoo Set to Close Crowdcube Initiative With Nearly £175,000 in Funds

Meetzoo, a company that aims to make business meetings more productive by combining business calendars with collaborative note taking and social networking, is set to close its equity crowdfunding campaign on Crowdcube with nearly £175,000 from more than 120 investors. The company launched the initiative last month, seeking £150,000 for growth and development.

meetzooMeetzoo was launched earlier this year by entrepreneur Paul Lewis-Borman, co-founder of the software firm, Symbox. The company stated it is looking charge a subscription fee through its website for premium features, which includes enhanced  storage, branding, and connectivity. All of these features will allow users to push meeting data directly into their existing CRM systems. Meetzoo’s target market is anybody that uses an electronic calendar and has a profile on LinkedIn.

Lewis-Borman reportedly stated:

“Like most business professionals, I spend a large amount of my work life participating in meetings. Meetings should be the most productive and creative interactions of our business lives. They are the lifeblood of business, yet they are rarely as productive as they should be. I took a hard look at what is wrong with meetings – such as not knowing enough about each of the attendees beforehand, attendees not being properly briefed, agendas rarely being used or followed, poor time management and little in the way of continuity or accountability between meetings. I went looking for an app that could solve these problems and couldn’t find one, so I created Meetzoo.”

Funds from the campaign will be used to employ a full-time team to support Meetzoo’s app store launch.

Note: The campaign successfully secured its initial funding target, but it appears some investors have dropped out, leaving the campaign with £144,00 from 119 investors. 

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