Powered Now smashes crowdfunding target in just 12 days
Mobile app will revolutionise paperwork for tradesmen
Teignmouth, Devon – 14 July 2014: Tech start-up Powered Now, the mobile admin app for tradesmen, has successfully hit its crowdfunding target of £350,000 after just 12 days and is now overfunding. The money will be used to further market and develop its app for tradesmen and field trade companies, simplifying administration and eliminating paperwork.
63 people invested in the pitch on Crowdcube for 20.59% equity with the largest amount being £85,000. The campaign has been so successful that Powered Now is now overfunding and will continue accepting funds until the 31 July.
Benjamin Dyer, CEO of Powered Now was amazed how quickly they achieved the target and says:
“The response to our crowdfunding campaign has been tremendous and to hit our target after only 12 days is a huge endorsement of what we’ve been doing at Powered Now. Tradesmen and field trade companies are one of the last business sectors to benefit from the computer revolution. This funding will help us accelerate our mobile application development to provide these companies with the tools they need.
“In fact we will now be raising further funds as we think that the opportunity is so massive we need to grab it as quickly as we can. After all, there are over 900,000 trade companies in the UK alone.”
Chris Barling, Powered Now’s co-founder and chairman adds:
“Initially we were a little cautious about crowdfunding. Eventually we chose Crowdcube for our business angel round as this opens up the opportunity to a wider range of people. However, we did want to make sure that we still had the safeguards in place that you would have in a conventional angel round. This includes having an investor director and shareholder agreement. Crowdcube was our chosen platform as it is the most advanced and the largest in the world.”
The Powered Now app works on iPads and iPhones (with an Android version in the pipeline). It lets you do everything, from taking notes and photos of a job, emailing the estimate and letting the customer accept it, then managing the work right through to invoicing and taking payment (by credit/debit card or PayPal). Everything can be done while you’re with the client. All of your information is held in one place and it automatically backs up to the cloud whenever there is a wi-fi connection. Even if you damage or lose your device, you can download the data to the replacement, or access it via a browser. Full features and benefits are on the website.
About Powered Now:
Established in 2011, Powered Now is a British company focused on developing software that makes life easier for business owners. The co-founders are serial entrepreneur and ecommerce trail blazer Chris Barling (who set up Actinic in 1996) and Benjamin Dyer, a software developer and former CEO of Actinic (and SellerDeck). In 2013 and 2014 the company has been on the Startups 100 list of innovative young businesses.
Powered Now is an award-winning mobile business administration application for iPads and iPhones that takes the pain out of paperwork for field trades people such as plumbers, electricians and builders. It is designed to make life easier for those out on the road, on site or back in the office. The app provides a comprehensive admin toolkit for every step from preparing an estimate through to taking payment online. In 2013 it won The Next Web ‘Best Mobile App’ award at the Microsoft BizSpark startup rally.