Yorkshire-based AI-powered video networking platform, Meeow was an idea born during lockdown in May 2020 when traditional face-to-face networking came to a halt. In a recent development, the startup attracted £150K SEIS investment.
Expansion of its technology
The funds came from three high-profile investors, including Chris Craig-Wood (former managing director at UBS and an active angel investor), Greg Gormley (CEO at ride-sharing app Skoot and a serial entrepreneur) and Nigel Ashfield (managing director at TIME investments). The tech firm is heading into the future with leading SME investors by their side and with capital to support the expansion of their revolutionary technology.
Also, the funding will support their mission to ensure solopreneurs, young people and small business owners are able to connect, find opportunities and seek support.
As the initial round of funding is complete, Meeow can focus on developing the functionality of the platform further and investing in global marketing. Furthermore, the new investors will also advise Meeow on its £500K EIS funding round, which will open this summer as it looks to scale up.
Co-founder, Chris Rabbitt said: “We are overwhelmed by the level of investment we’ve received from three very high-profile and experienced businesspeople. While the investors will be “hands-off” in terms of the day-to-day operation of the business, they will still play a key role in the future of the business. What they will do is help Meeow navigate the turbulent early-stage choppy waters that all start-ups have to navigate. What this initial investment will also allow us to do is further develop the functionality of the platform and we’ll bring in a team of specialist developers to fast-track the process to create the best possible experience for our community.”
Meeow co-founder Simon Glenn said: “To have the backing of three high-profile investors with a track record in spotting start-up success is just great for us. We’ve invested heavily in a bespoke platform which moved the business and the user experience up another level overnight. This new investment will allow us capitalise on the launch and build our user community through enhanced marketing.”
AI-powered video networking platform
Meeow founders – Simon Glenn and Chris Rabbitt built a bespoke platform using the latest technology. The new platform went live as a subscription-based Saas in March.
With this platform, people from across the globe are now able to connect with one another whenever they want, at just the click of a button. As the platform is powered by AI, subscribers can be matched based on their interests, specific needs and location if they wish.
Unlike other video networking platforms, Meeow connects only up to four people. Early-stage users have reported a sense of intimacy missing from traditional networking, with reviews outlining the opportunities it provides for them to obtain support, talk business and collaborate.
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