Tech start-up launches bid to raise £500,000

0 Stirling-based venture Miigen was founded by Craig J Lemmon, left, and Campbell Ferrier An online social platform enabling older people to create a digital record of their lives has launched a six-figure crowdfunding bid, to “significantly” widen its investor base and accelerate its development including new hires.

Miigen is looking to raise £500,000 in 90 days, with investors being invited to contribute a minimum of £100 for one share. Ownership of 10 per cent of the start-up, which is backed by Scottish Enterprise and intends to sign up 10 million users by 2023, will be available and investments will be eligible for the Enterprise Investment Scheme.

It comes after a first-round investment exercise in July looking to raise £150,000 secured £250,000. Another funding round will be held in the US in 2019 with the aim of raising $10 million (£7.5m).

Co-founder Craig J Lemmon said: “The appetite for investment in Miigen has already been amply demonstrated in our pre-seed funding. We expect this next funding round to be equally successful.”