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133%
Raised
£200,920
Investors
162
Target
£150,000
Equity
3.86%
Pre-money valuation
£5,000,000

Mr Noow aims to be the leading food order-ahead app in Spain. In just 16 months they have +10k app engagements (nov 19) & nº of orders are growing at an avg of23% MoM since Aug '18. Having raised +€2M from Seedrocket 4founders, ABAC, Bankinter VCs; Mr Noow is now focused on expansion through B2C/B2B partnerships.

  • +23% average Month over Month orders growth over the past 16 months
  • €2M raised from recognized VCs and top business angels
  •  3,000 orders /month & strong retention
  • Ongoing discussions on partnerships with large corporates in food services
Information Mr Noow has raised £78,530 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. £61,800 may be spent during the course of the campaign.

Idea

Mr Noow's scalable app gives freedom to working professionals to discover nearby restaurants, pre-order food (take-away or eat-in), pay through the app in a few clicks & grab their food when they want to pick it up. We bring convenience to a daily process, which could save on avg.12 mins/day waiting from a target user that eats out 20 days a month. Mr Noow seeks to cover the gap delivery companies do not seem to place value on: lunch time during the working week.

Mr Noow aims to be the leading food pre-ordering App in Spain having raised 2M€ from recognised VCs & top BAs. The restaurant take-away addressable market is c. 2x larger than delivery in Spain, with predicted double digit growth by 2020; a clear opportunity for continued growth.

With our geolocalized restaurant listings & automatic loyalty and reward scheme for customers, Mr Noow acts as a valuable mobile sales & marketing channel for our venue partners charging 10% on each order.

Currently in high level discussions with corporates to develop white-labelling B2B partnerships, giving us access to 1000's of restaurants. This additional revenue stream will help us accelerate growth & solidify our leadership.

Alongside, we're raising for B2C marketing & expansion to new sites in Spain, while continuing to evolve our product with exciting new features incl. social ordering, promos, & a 'reducing food waste' initiative.

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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.