ROUND, which Aims to be "Uber" of In-Venue Ordering, Secures £345,151 from 604 Investors via Crowdcube
Summary
ROUND, which aims to be the “Uber” of in-venue ordering by offering a single app to buy food & drink from your smartphone, wherever you go, has secured 34% (£345,151) of its fundraising target via Crowdcube, with 21 days left in the sale. ROUND says that it plans to “disrupt how we purchase in-venue, by making it easier for customers and businesses – increasing convenience and revenue.” The company has acquired over £345,000 in total investments from 604 investors at the time or writing and intends to acquire £1,000,000 in capital. • Over 890 venues, 900,000 downloads, and average 4.4* from 48k reviews • £28m+ in app orders in the past twelve months • 63 University outlets across 25 Universities in the UK As noted in the announcement: “Just Eat owns the out-of-venue market; delivering from the venue to your home. Modern-day in-venue consumers may face frustration due to lost time. The team reports that it has formed relationships with “some of the largest pub companies in the UK – including Greene King & Stonegate, and deliver the in-venue ordering app for 25 Universities.” They further noted that their system is robust – “on the day of the Euros Final, our platform was so busy that we processed the equivalent of 3 transactions per second, for 3 hours straight.”