Okappy, a London-based tech startup, recently launched an equity crowdfunding campaign on AngelsDen seeking £500,000 for its new business communications platform.
The company, which was founded in 2015 and secured £110,000 in its first seed round last year, describes the platform as a market network aimed at companies with employees and subcontractors working in remote locations. Okappy reported that these types of companies often struggle with poor communication, lots of paperwork, and the fragmentation of information across different applications which leads to errors, wastes time, and lead to missed, disputed, and forgotten invoices. Richard Harris, co-founder of Okappy, stated:
“Millions of companies around the world suffer from poor communications which makes it difficult to manage day-to-day work. And this is despite the communications revolution which simply leads to information being fragmented across lots of different applications. The Okappy network enables companies to connect to their own customers and subcontractors and manage their work at the click of a button.”
Okappy also reported that the platform’s app runs on the Web, iPads, iPhones, Android, and other smartphones. It will also offer features such as administrative tasks including customer communication, job management, invoicing and taking payment by card or direct debit. All information is held in one place, it is easily searchable and available across all devices, even when you don’t have network reception.
In regards to why the company decided to use AngelsDen for the latest funding round, Gerro So, co-founder of Okappy, added:
“We chose AngelsDen because it’s very accessible with a long and established history helping young companies to scale. We think the public will be keen on investing as lots of them witness at first hand what happens when electrical contractors or the like are late or turn up at a job without the right information. The campaign will also help Okappy get the message out through a crowd of enthusiastic ambassadors, so it’s all very exciting for us.”
Funds from the AngelsDen round will go towards marketing and the further development of its network. The campaign is set to close at the beginning of June.
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