4 years ago
YoungPlanet Raises £547,103 in Crowdfunding for National Expansion
YoungPlanet, a London-based sustainable parenting app, successfully raised £547,103 through a crowdfunding campaign on Crowdcube
The company plans to use the funds to expand nationally, enhance app functionality, and add new features like gamification and integrated postage
YoungPlanet, run by Jason and Emma Ash, operates on a circular economy model, enabling parents to buy and sell used children's items
The app is currently available in the UK and is valued at £6.5 million pre-money.
ProblemTechnology
"Parents often struggle to find an easy and sustainable way to pass on their children's outgrown items to other families in need."
Solution
"YoungPlanet offers a platform where parents can list or request children's items, including books, clothes, toys, and baby equipment, facilitating a circular economy for sustainable parenting."