Vendoir Crowdfunding Case Study
Vendoir is an app that instantly connects event planners with the best vendors in their area. The product development has been underway for a while and their waitlist is going strong. To accelerate the launch and target a £43 billion market, the brand approached Drop Studio for their crowdfunding campaign. With our help, the Vendoir Crowdcube campaign raised £154,369, successfully surpassing their crowdfunding target of £75,000 by a whooping 205%. This is their crowdfunding success story.
Vendoir – The Brand
Running an event is difficult. Getting vendors can be a nightmare, and the process of paying them can be stressful and time-consuming. All these problems can result in an over-budget, delayed and altogether unsuccessful event. With platforms like Facebook, many start-up vendors and sole traders find it difficult and expensive to market their services and successfully reach a wide customer base.
Vendoir has created a stress-free app that allows people to instantly book event vendors. The company has already been well-received and is very popular among event planners. They are now looking for funding to bring this app to a global market, targeting the £43bn UK events market.
Vendoir Crowdfunding – How Drop Studio supported them
We were thrilled to be working with Vendoir, and our previous experience with other thriving event management startup campaigns, such as Cloud9 and My Friend Charlie, meant that Vendior’s bound success was no exception. As part of our Fundraising Accelerator, Vendoir received the support they needed from us to produce the perfect fundraising video for their campaign on Seedrs..
Along with crowdfunding video production, our team of experts also helped the brand to optimise their fundraising campaign on Crowdcube. Vendoir enrolled in our Fundraising Accelerator Program, which offered them support through our Investor Research, campaign manager and online course, along with the crowdfunding video production.
Vendoir Crowdfunding – Their journey on Crowdcube
Vendoir’s crowdfunding campaign was a roaring success! Post-launch, Vendoir smashed their initial £75,000 target and raised a whopping £154,369 from 328 investors, overfunding by 205%.