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143%
Raised
£172,600
Investors
115
Target
£120,000
Equity
8.75%
Pre-money valuation
£1,800,000

Dynamo enables users to share luxury experiences in an estimated $50BN market, making them more affordable and accessible on-demand. Its first raise overfunded by 177% with Crowdcube. It now seeks to capitalise on initial interest from providers in 20 cities and achieve a fast and flexible scale!

  • Developed iOS App. Pilot in Mykonos, Greece
  • Initial interest from providers in 20 cities worldwide
  • Team has experience from Hotels.com and top consulting firm
  • Overfunded by 177% in its first raise with Crowdcube

Idea

The price for booking a VIP Table in a nightclub often starts from £1,5k/night, a Villa from £20k/week and a Yacht from £30k/week. These experiences must often be booked in large groups and can be inaccessible for small groups of friends.

Dynamo allows users to book and share luxury experiences with new, exciting people from the local community, making them accessible individually and on-demand.

For businesses in the hospitality industry, experiences are rarely sold directly, but always through intermediaries acting on their behalf e.g club promoters in the nightlife verticals.

Dynamo's big bet is around these 130,000+ intermediaries worldwide. We will allow them to expand their connections, upload and curate experiences autonomously, receiving more bookings and increasing their revenues. Dynamo's fee will be 7-10% of the total spent.

We recently re-branded as Dynamo after originally launching as Figaroo, and look to capitalise on initial interest from providers in 20 cities worldwide! We proved our business model by launching a successful App pilot in Mykonos, Greece.

Dynamo is now ready for its big launch in London!

Milestones

-Founder's personal Virgin Start-Up loan

-MVP developed Dec '18

-Raised £160k with Crowdcube (campaign began Nov '18)

-Developed iOS App Jun '19

-Mykonos pilot Jul '19

Next steps

-Improve iOS App

-Develop Android App

-Expand into Paris, Madrid, Saint-Tropez & Marbella

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Dynamo has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.