Sporting Mouth beats crowdfunding target
Sporting Mouth, a technology company which allows sports fans to compete with each other, has exceeded its £175,000 crowdfunding target.
The Kent business, founded by chief executive Phil Harvey and chairman John Owrid, listed itself on Crowdcube to raise in the investment.
At the end of its pitch, it had raised more than £224,650 in return for a 19.26 per cent equity stake.
The West Malling-based startup describes itself as a new sports prediction platform that enables fans to use their sporting judgement to compete against each other for rewards rather than money.
The application, which was launched in the immediate run-up to the 2014 World Cup, was downloaded by more than 10,000 people during the sporting event.
The investment will be used to develop an Android version of the application and the development of additional functionality including new games and a multi-player feature.
The money will also go towards legal expenses to prepare for an international roll-out.