I am very excited to let you know that Project Imagine, the team behind Dozens, will soon be opening a new crowdfunding round.
Many of you will have been here when we did our first crowdfunding with Seedrs in 2019. A lot has changed in that time, and we’ve certainly been asked quite a few times if we’d do it again.
You will see that in that time Dozens has grown and matured a lot. We are not just a promise, but a reality now.
The other big change is that we have also launched Pi1, our modular, bank-in-a-box platform for banks and fintechs globally, so we are not just working in the UK.
This is exciting because Pi1 supports the Dozens mission by potentially bringing us to profitability sooner.
With Project Imagine you can invest in a number of projects (and people!). Project Imagine is designed as the first fintech with a sustainable model that solves for social purpose AND business profit.
We have decided that for this round we will be raising the money on Crowdcube. We felt this was the right platform at this time, and it also means that some of you reading this may be coming to Dozens for the first time. So, welcome!
We had originally considered using a new platform for this round. However, based on feedback from existing investors and ongoing discussions with all the parties involved, we have decided that the best option is actually to continue to raise our funds on Seedrs.
As we have said to our existing investors:
"As with all good management teams, we always want to ensure the best outcomes for our stakeholders – this of course takes costs as well as convenience into account but also the overall impact, and hence considering and benchmarking our deals against what competitors have to offer, is always a good idea.
While we did briefly engage with an alternative platform, we understand that this change would have caused some bigger than anticipated challenges for many of our existing investors. Seedrs have also gone above and beyond to ensure they are now indeed the best partner available for our shareholders and us, reenergising the strategic partnership and strong relationship between our two companies. So it gives me great pleasure to announce that we have decided to continue with the new round on Seedrs.”
So far nothing has changed and we are still collecting pre-registration interest from customers and our community.
As I said last time, this still holds true:
Our community is at the heart of what we do, and we want to grow our community so that we are always in sync with the needs and financial ambitions of our customers. And what better way to do that, than by making sure that as many people as possible are invested in dozens and our future success?
The round has not opened yet, and there will likely be a limit on the investment available, so I felt it was important to let you know as soon as I could that this was happening. You will also receive an email (in case you’re not reading this community regularly) to let you know.
I will keep you updated here, but the best way to know what is happening is to be on the pre-registration email list. Check out this page to get on the list.