Cashback App GreenJinn Goes Into Overfunding in the Final 24hrs of Campaign
by Startacus Admin
Crowdfunding Success! Cashback app GreenJinn, goes into overfunding, raising over £670,000 in their Crowdcube campaign.
We recently told you all about GreenJinn, an app offering personalised cashback coupons on everyday groceries, who were aiming to raise £600k via a crowdcube crowdfunding campaign to add new brands and shops and to take their tech to the next level.
We are now delighted to share word that they successfully closed their crowdfunding round on Crowdcube with a flurry of investments, raising £670,590 - 111% of their initial 600k target. Their campaign was extended due to ongoing negotiations with multiple investors and went into overfunding in the final 24hours of the campaign, picking up several large investments.
Investments from their 268 ‘Green-vestors’ ranged from £10 to £120,000, coming from mix of loyal app users, executives, CEO’s and industry insiders.
GreenJinn’s mission is relatively straightforward: give quick and easy cashback to those looking to save money in the supermarket. Founders 
Giuseppe Licari and Roberto Amerighi were looking for a more time and effort-efficient way of saving money on groceries. So, they created an app that provides fast cashback on healthy, everyday products.
Since it’s release just one year ago, GreenJinn has built a 45,000+ strong community of shoppers and has recently started testing Tesco with users. The app currently works for Sainsbury’s and Waitrose. Based on feedback from their users, GreenJinn gave their app design an overhaul last month and intend to keep up the momentum… the funds raised are being used to add even more (online and offline) stores and brands, improve their personalisation system as well as growing the GreenJinn Team.
Hot off the heels of their successful raise, GreenJinn expects 2018 to be a big year for them, as they get ready to start rapidly growing their user base and make big improvements to the app. Big congrats to team GreenJinn from Startacus HQ!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Need some support to validate your startup and get investor-ready? The Raise Spring Accelerator programme is open for applications and will give you just that!
The lowdown on Kanda, the fintech startup that's on a mission to help tradespeople build their businesses and win better work.
Submer secures investment to support expansion and growth of its innovative energy and water saving technology.
It may still be a pretty challenging and stressful time for businesses. However, here are a few basic tips that should help...
10 innovative startups on a mission to solve some of the aerospace industry's key challenges are announced as participants in the next Aerospace Xelerated programme.
Creating an alcoholic drink startup? Richard Horwell from Brand Relations shares advice on how to overcome some of the key challenges when doing just that.
JustCarbon on mission to bring cryptocurrency benefits to nature-based solutions, driving increased investment and supporting global carbon market growth.
Chantelle Arneaud from Envestors shares insights on how the startup/scaleup investment sector has fared over the last year and advice on raising money for your business in 2022.
Chasing up money your business is owed? Amanda Hamilton, Chief Executive of the National Association of Licensed Paralegals shares her insights on how to do just that.
The award-winning accelerator Lloyd's Lab is back and on the look-out for innovative startups, scaleups and entrepreneurs for its next cohort, Cohort 8.
Published on: 22nd November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Early stage tech startups sought for Raise Spring Accelerator programme 18th Jan 2022 Need some support to validate your startup and get investor-ready? The Raise Spring Accelerator programme is open for applications and will give you just that!
- Planet First Partners backs cooling tank technology that reduces data centre climate impact 18th Jan 2022 Submer secures investment to support expansion and growth of its innovative energy and water saving technology.
- Aerospace Xelerated announces the AI and Autonomy startups in its 3rd cohort 14th Jan 2022 10 innovative startups on a mission to solve some of the aerospace industry's key challenges are announced as participants in the next Aerospace Xelerated programme.
- FORMEL Skin Secures €30M Series A to Expand its HealthTech Platform 21st Dec 2021 Major investment for FORMEL Skin to help further develop its dermatology platform, launch new medical treatments and expand into new markets.
