Update: Communication Platform YEO Messaging’s Equity Crowdfunding Campaign Nears £730,000 During the Final Days on Seedrs

Yeo Messaging, a UK-based next-generation communication platform, is now nearing £730,000 through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought tor raise £500,000, has attracted more than 515 Seedrs investors.

As previously reported, YEO states its solution is for private messaging connecting businesses and people.

“Our patented continuous facial recognition requires users’ ID as an authentication key to display content, making it impossible for someone else to read your messages. Content cannot be screenshot, copied, saved or forwarded unless allowed. Our Geofencing and Burn After Reading features provide sender control even after content is sent. YEO guarantees delivery to the person rather than just the device.”

Yeo further revealed that its Software as a Service revenue model will offer four levels of options, from Freemium through to Enterprise level. The company noted it is committed to releasing a free-to-consumer product then an Administration tool for SME users to purchase licenses and manage compliant messaging within their teams while developing enterprise solutions with established business partners.

• YEO Messaging: For anyone to download and private message. Offers access to all our new features. Future paid upgrade path to new features
• YEO Pro: For professionals or power consumer users communicating with peers, clients or patients. With additional storage, the YEO Library feature and desktop application
• YEO Business: For businesses of up to 1000 users seeking additional administration tools. Which will have customized administration features, authenticated business channel, and backup
• YEO Enterprise: For large businesses with over 1000 users. Which will have wholly customizable implementations either on-prem or Cloud-based

Funds from the Seedrs round will be used for the development of the Yeo platform and products. The company is now offering 5.86% in equity at a £10.1 million pre-money valuation through the campaign, which will close next week.