Denmark’s Site visitors Alert Software program Ooono Set to Shut Crowdcube Spherical With Practically €1.Four Million Raised

Ooono, a community-based co-driver that connects drivers throughout greater than 50 nations, is about to shut its fairness crowdfunding marketing campaign on Crowdcube with practically 1.Four million secured. The funding spherical, which initially sought to boost €250,000, has attracted 1460 Crowdcube buyers.

ooono describes itself as a fancy expertise made easy. The platform accesses an unbiased database of thousands and thousands of drivers, permitting you to profit from their observations in your every day commute. Via the platform, customers might report accidents, pace cameras, and highway hazards. ooono then robotically alerts customers of the identical, with an alarm beep and blink. ooono additionally acts as your co-driver, so you may maintain your eyes on the highway with out utilizing a telephone or opening a visitors app.

“In June 2019, [ooono] launched into Germany and has offered +150Ok extra models, buying and selling profitably from April 2020 (+134Ok€ EBITDA final 12 months). ooono® welcomed +20Ok new customers final month, is rated Wonderful on Trustpilot and is already out there at key retailers MediaMarkt & Saturn. Estimates present there are +300M autos in use throughout Europe, every of which may very well be the subsequent ooono person.”

Funds from the Crowdcube marketing campaign might be used to proceed the expansion and improvement of the ooono platform. The corporate is now providing 4.07% in fairness with a €33 million pre-money valuation by way of the initiative, which is about to shut subsequent week.