Cocoon is raising £2,000,000 investment on Crowdcube. Capital At Risk.

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Successfully funded

Capital at risk

overfunded

Cocoon

119%

Raised: £2,394,620

Investors: 1065

Target: £2,000,000

Equity: 13.77%

Pre-money valuation: £15,000,000

Cocoon makes home security simple & affordable for everyone. Founded by security experts, its unique Subsound® technology is named “the future of home security”. Backed by Aviva, it's had continual monthly growth & protects homes around the world. Join the home security revolution!

Founded by a team with three successful UK exits worth +£20m
97% customer satisfaction rating from customers in +50 countries
Previously secured +£2.82m from Aviva Ventures, Breed Reply & founders
Funds to expand sales channels, partnerships & reduce production costs

Cocoon has raised £1,025,000 from Aviva Group Holdings and Breed Reply Investments prior to launching on Crowdcube, which makes up 40% of their funding target and has been reflected on the campaign. Cocoon has since reduced their pre-money valuation to £15m and have received a further £550,000 investment from Aviva Group/Breed Reply, who have agreed to drop the target for the round to 2M from 2.5M. Please see the update for further detail.

Idea

We’re a revolutionary smart home company solving the problems that plague other home security devices and their customers. We’re on a mission to make protecting your home and the people you love simple.

Last year 730,000 UK homes were affected by burglary, costing insurers +£1.4bn. Until recently home security had been expensive & difficult to install, leaving >70% of UK homes unprotected. Cocoon can set up in seconds and protect your whole home, making security more affordable for the 19 million homes currently unprotected. Our patented Subsound® technology, detects infrasound created by intruders, protecting the whole home from one device, and by using machine learning avoids false alarms .

We’ve received positive reviews & features in titles such as The Financial Times, The Telegraph and The Times, with Gartner naming Cocoon ‘Cool Vendor’ for the Smart Home in 2016.

Our customers love Cocoon, this is reflected in our +97% satisfaction rating and 5* customer reviews across various platforms.

We’re in discussions with a major UK corporate for national distribution, working towards retail partnerships and developing a reduced production cost Cocoon v2 - ensuring sustained growth. Home security will be the first purchase for most smart home customers in a global market worth +£38.5 billion by 2020. Don’t miss your opportunity to invest in Cocoon today and join our journey.

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