Today, most all drivers cannot imagine living with Google or Apple Maps. Those days of paper maps and handwritten directions were not that long ago. But now we have a company that is aiming to do the same thing for boating and it is raising equity capital on Seedrs.
savvy navvy is raising equity capital at a per-share price of £10.76 and a pre-money valuation of £9.5 million. The securities offering is EIS qualified and approved to trade on the Seedrs Secondary Market.
The concept of savvy navvy is simple. Help boaters find the best and safest routes to a destination. Similar to other mapping apps, users drop a pin on a location and the best route is generated within seconds. The app includes charts, weather, and tides so just about everything you need to chart your course.
savvy navvy reports that it easily topped its 2021 growth target of 15,000 paying subscribers
.The company has both a “Freemium” and Free Trial offering and paid subscriptions.
The US service is launching this year with the Freemium service along with a paid subscription or “Premium Plan” of $69.
In other parts of the world, following a free trial, users may select from three different annual offerings ranging from £35 to £65 a year or a lifetime subscription of £270.
With three weeks left in the securities offering, saavy navvy is already in overfunding mode having raised almost £1.2 million from 658 individual investors.
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