.gif)
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.
Product and Hardware focused startups, take note! CRL is open once again for applications to their six-month accelerator programme, supporting the next gen of product-focused startups.
.png)
Seed Pantry! Gardening for all thanks to this fab startup that is on a mission to get everyone growing more food and flowers
Win 1 of 10 free general admission tickets to attend Digital DNA Belfast, care of upSTART 2018 Major Sponsor, Seedrs, Europe’s leading equity crowdfunding platform.
WIN ONE of TWO FREE startup pod spaces in the startup zone at Digital DNA for FREE.
Mothive - The innovative startup that's helping high value fruit and veg farmers reduce waste, maximise yield and optimise labour costs
Starting with approx 25 disruptive startups and culminating with 1 eventual winner, the upSTART '18 pitching startups at Digital DNA 2018 in Belfast are...
When starting your own business there are many legal pitfalls startups can fall into. Here's a few common reasons why you could end up in legal hot water.
Real estate and proptech focused startups sort for new real estate accelerator programme, RELab, a 12-week accelerator programme, launched by Leading Real Estate Tech investment firm, Goldacre.
What are some ways you can juggle owning a business with raising your kids? Here's some handy tips care of the founder of parenting blog Mom Loves Best.
Social Prescription software platform Elemental Software have been shortlisted for the UKBAA Awards in the Best Female Led Angel Investment Category.
Published on: 22nd November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Hardware Accelerator CRL Open to Applications 16th Jun 2018 Product and Hardware focused startups, take note! CRL is open once again for applications to their six-month accelerator programme, supporting the next gen of product-focused startups.
- Goldacre RElab accelerator programme seeks real estate focused startups 8th Jun 2018 Real estate and proptech focused startups sort for new real estate accelerator programme, RELab, a 12-week accelerator programme, launched by Leading Real Estate Tech investment firm, Goldacre.
- NACUE Varsity Pitch 2018 opens for applications 6th Jun 2018 Fancy winning £10,000, a national title and more networking than you can shake a stick at? Then the NACUE Varsity Pitch Competition 2018 is for you!
- The Startup Leadership Program invites applicants for 8th London cohort 5th Jun 2018 Now with a global network of 3,000 entrepreneurs, the Startup Leadership Program continues to grow, inviting applications for its 8th London cohort.
