Savvy Navvy, a UK-based marine navigation mobile app, closed its equity crowdfunding campaign on Seedrs with more than £600,000 secured from 550 investors. As previously reported, Savvy Navvy stated it is working to build “the best” navigation solution for sailors worldwide. The company further explained:
“We take into account your boat details as well as real-time weather and chart data to plot a safe route in seconds. With ETA planning, GPS locations, 3D Route previews and waypoint export options savvy navvy helps pick the best route for you and your crew.”
Speaking about the campaign’s success, Jelte Liebrand, Founder at Savvy Navvy, stated:
“They say if it was easy everyone would do it. Fundraising is certainly not easy, but on days like today, closing a successful round with a host of valuable investors, all the hard work is worth it. I’m incredibly proud of our team. Our focus now is predominantly on growth, acquisition and development. Thank you to everyone who invested in us, together we are making sailing navigation safer and easier than ever before. Now let’s get back to shaking things up!”
Funds from the latest Seedrs round will be used for the following:
- Expand into the much larger motorboat market
- Drastically increase our marketing spend
- Add new acquisition channels
- Form partnerships in the industry
Savvy Navvy then added that new features will be added to the boating app as well as greater global chart coverage for all Savvy Navvy users, expanding the companies’ user base to even more sailing destinations.
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