UnderPinned is building the next generation of freelancers with a community-focused EdTech & SaaS platform providing the tools & knowledge they need to thrive. Having launched a profitable accelerator since their last round, they're raising to amplify marketing and further enter US & European markets.
Millions of people are looking to build successful freelance businesses but leave education or employment without the knowledge or tools. It can be hard to find clients, manage workloads, ensure you get paid on time and can be lonely. Our platform is geared towards not only technology, but also community and education, making it a more inclusive environment.
We give freelancers a single, dedicated platform to learn how to build a successful business, find clients, manage their work, & help them to get paid on time. Through our accelerator programme, community, & content, we build a connection with users that goes way beyond our tech to ensure everyone thrives. We're fuelled by our passionate community of freelancers.
Our accelerator programme allows us to achieve day one unit profitability before converting users to subscribers. In Jan '21, our first month of programme sales, we made £12,772 in revenue with £8k spent on marketing. Our Jan '20 - Jan '21 EBITDA was -£646k. We're aiming to disrupt the market at a crucial time. A move from traditional employment has accelerated freelancing, due to Covid-19.
Now established in the British freelance market and early traction in the US & EU, this investment will scale our team, marketing & product development as we focus on expanding in these markets. We aim to help millions of freelancers to turn their passion into a thriving business.