WorldLabs, a UK-based digital platform that connects innovators around the world, has successfully secured its initial 400,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched in January and has already attracted more than 340 investors.
As previously reported, WorldLabs was launched in mid-2018 and now has thousands of innovators have already joined its platform to apply for funding contests along with connecting with other like-minded innovators. WorldLabs offers multiple B2B and B2C revenue streams are targeted at organizations (public and private institutions, such as universities, incubators, and accelerators) and users (entrepreneurs and innovators at our B2B organizations and beyond). The platform also revealed:
“WorldLabs provides a unified ecosystem where innovators can connect to thousands of ventures, raise visibility for their initiative, and easily discover and apply for funding and collaboration opportunities matched to them. At the same time, organisations can engage and manage their members, streamline contest management and tap into a global community of innovators. All in one place.”
Funds from the Seedrs round will be used to help accelerate its growth to make WorldLabs the go-to platform for innovators and organizations serving innovators worldwide. The breakdown is the following:
- Team: WorldLabs will hire key management roles to support increased acquisitions and to help fuel sales to expand into more universities and institutions worldwide.
- Product Development: WorldLabs will build a mobile app and new sophisticated features that will help streamline the innovation process and include machine learning.
- Marketing and Brand Identity: WorldLabs will support our growth by boosting targeted marketing campaigns, and by engaging influencers to empower more innovators.
The funding round is set to close this spring.
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