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Successfully funded
overfunded
HOMYHUB
162%
Raised
£406,760
Investors
163
Target
£250,000
Equity
23.15%
Pre-money valuation
£1,350,000

Multiple award winning startup, including recognition from Santander Bank, Digital Logistics Hub and Porsche, HOMYHUB’s mission is to unlock the full potential of garages. This is achieved by turning the Smartphone into a Smart Garage Remote and creating a marketplace for New Generation Services.

  • Estimated market of +120M residential garages in EU including +9M in Spain alone
  • Recipients of 15 awards, including: Digital Logistics & Santander Bank
  • Successful pilot & contract with Correos (Biggest Courier in Spain)
  • Featured in +20 press including El País, Voz Populi & El Economista
Information Homyhub has raised £105,840 prior to launching their campaign on Crowdcube which is represented on the progress bar for clarity. This investment is on the same terms as offered to Crowdcube investors. £105,840 will be spent during the course of the campaign

Idea

HOMYHUB is on a mission to unlock the full potential of garages, to make them more than just a place for cars, boxes or bikes.

The market for this is substantial. Our estimates suggests there are over 125M residential garages in Europe and the USA, including more than 9M in Spain alone.

To accomplish our mission, we need to first turn a garage into a smart garage and then develop an ecosystem of services around garages.

On the former, we developed a universal solution that turns smartphones into Smart Garage Remotes. Enabling users to control, monitor and manage the access to their garages from anywhere and at any time.

Simultaneously, we are creating a marketplace of New Generation Services, where companies are developing services like unattended deliveries to single-family garages. Thus, turning garages into mailboxes and thereby removing the users' need to wait at home, or deal with the failed delivery note. This also has important added benefits for couriers. Failed deliveries for couriers is a growing issue that represents 30% of deliveries in Spain and cost the companies up to +€800M in the UK in 2016.

Thanks to our solid team we have:

- Been awarded +€150K

- Developed the full product; tested it among 500 users;

- Piloted the Delivery service with Correos (Spain's biggest courier), resulting in a commercial contract and interest from other big brands.

We are now ready to launch!

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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.

HOMYHUB 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.