Wriggle Completes Seedrs Funding Round With Nearly £750,000 Secured

Wriggle, a UK-based real-time marketplace for local eat-out food and drink, has completed its equity crowdfunding round on Seedrs with nearly £750,000 secured. The campaign, which originally sought to raise £600,000, offered 10.45% in equity with a £5,140,320 pre-money valuation.

As previously reported, Wriggle is on a mission to help people discover, and spend their money at the best local food and drink establishments.

“Our mobile app marketplace creates a tapestry of amazing eat-out food & drink establishments, all inviting customers to try them out. Wriggle’s users (or ‘Wrigglers’) search and pay directly through the mobile app, then head to their chosen establishment to enjoy their food and drink.”

Wriggle went on to claim that it is a market-leading eat-out transactional platform in three cities, which are Bristol, Brighton, and Cardiff, with a proven model currently generating over 20,000 transactions per month.

“Our digital marketplace curates quality local establishments, giving customers breadth of choice and an unparalleled user experience. They can browse, search, save money and purchase, all within one visually-pleasing, easy-to-use mobile app.”

Funds from the Seedrs round will be used for the following:

  • Geographic growth
  • Revenue growth within existing cities
  • Technology

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