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Overfunding
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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
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201911/8d71ebb0536f5194727211eca8565c1d.png "Share VIP tables with Dynamo")
Share VIP tables with Dynamo
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201911/5be6b59e400879fd6f30bb5717607b05.png "Share villas with Dynamo")
Share villas with Dynamo
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201911/5303d022ed31bae76d8fc8ada1fedd46.png "Share yachts with Dynamo")
Share yachts with Dynamo
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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To see the rest of the Dynamo pitch, join now.
It’s free, quick and easy.
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