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.
.png)
WeWALK, RNIB, and ICL consortium secures UKRI funding to improve mobility for visually impaired and elderly.
The impact of standards, ethics and conduct on business success and profits - Work.Life has some interesting insights...
.png)
The lowdown on Space32 - the startup that wants to help hybrid-working businesses find the working space and solution that's right for them.
.png)
Global Tech for Good initiative seeks innovative startups and scaleups that are creating positive social impact and enhancing people's lives through tech.
The lowdown on Bidnamic, the startup that's combining advance machine learning with human expertise to help retailers to maximise revenue and profitability from Google Shopping.
Innovative Czech fintech startup 4Trans raises investment to expand first of its type AI driven factoring services across Europe.
Edinburgh-based life science company Cytomos secures funding to support further development of its innovative cell analysis tech.
Ethical Equity and Streets Consulting join forces to deliver Founder Workshop to help close the inequality gap in startup to scaleup funding.
Fancy being featured in this year’s SmallBiz100, which showcases the best of Britain’s vibrant small business community? There's just a couple of days left to do just that!
Screenloop secures major investment to support further development of its AI-driven recruitment platform that helps companies build the best teams and removes unconscious bias.
Published on: 22nd November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Assistive technology innovators and partners awarded £1.7m project funding 1st Jul 2022 WeWALK, RNIB, and ICL consortium secures UKRI funding to improve mobility for visually impaired and elderly.
- How the pandemic affected each industry 27th Jun 2022 New research from School of Marketing reveals the impact that Covid-19 has had on key business sectors in the UK.
- The Finalists of DBACE 2022 are revealed 21st Jun 2022 The lowdown on the innovative young visionaries that are in the running for this year's Deutsche Bank Awards for Creative Entrepreneurs.
- OKAPI: Orbits raises €5.5m for Breakthrough Space Traffic Management Software 13th Jun 2022 Innovative German SaaS startup OKAPI:Orbits secures investment to support its mission of securing efficient and safe operations in space.
