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.
The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
Eppik is a smart family photo sharing platform that helps families reconnect through their shared photo heritage
New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
In this article, we’ll be exploring how new users can build their first Magento store and drive it towards online dominance.
BOOP, an innovative software education platform for children with special education needs, gains COVID-19 response funding of £50k via Innovate UK
Here are some easy-to-overlook ways to slash the usual cost of sourcing a corporate car for your business.
The shortlist for this year’s Postcode Lotteries Green Challenge, a global annual sustainability competition is out, with 7 of the 25 shortlisted from the UK
Post Covid, these could be some of the shared economy trends that businesses will be looking to capitalise on in the coming weeks and months.
Launch of new fund by Innvotec aimed at investing in UK female founded or co-founded enterprises whilst also encouraging more women to invest in startups
Published on: 22nd November 2017
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- GCHQ Innovation Co-Lab seeks startups harnessing data science, machine learning and AI 2nd Jul 2020 The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
- Ten Years On: 30% Club Sets New Targets 1st Jul 2020 New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
- Xero’s Roadmap to Recovery manifesto launched 1st Jul 2020 Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
- 7 British startups shortlisted for Postcode Lotteries Green Challenge 30th Jun 2020 The shortlist for this year’s Postcode Lotteries Green Challenge, a global annual sustainability competition is out, with 7 of the 25 shortlisted from the UK
