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%.
How Drop Studio can support you
Fundraising Accelerator – Our Fundraising Accelerator gives you all the tools to run a successful fundraising campaign and it comprises of 3 key services:
Crowdfunding Video Production (Applicable for Crowdcube/Seedrs, Kickstarter or Indigogo) – From writing creative film ideas and scripts to filming and editing with animation and 3D graphics, we create eye-catching videos to assist ambitious businesses in effectively communicating their ideas, products, or services. We also produce social assets from the video to be used to support your campaign.
Online Course and Campaign Manager (Applicable for Crowdcube/Seedrs, Kickstarter or Indigogo) – The Online Course gives you step-by-step instructions and detailed guidance on strategic crowdfunding and campaign planning. You’ll master how to plan and conduct effective campaigns on Crowdcube, Seedrs, Indiegogo, and Kickstarter as well as raising funds privately through Angel Investors. In addition, you will be assigned a campaign manager who will be on hand to support throughout your campaign and answer any questions you have.
Investor Research – Our Investor Research helps connect you with relevant investors. As a result, our investor research can help you onboard potential investors who may be interested in your campaign.
Pitch Deck – The pitch deck is a crucial document that you will need. We help you formulate the right pitch that has the potential to draw in investors. We ensure that your pitch communicates your mission, vision, and explains your business in a clear and concise way, whether it’s for crowdfunding or private fundraising.