Found
Creating the community that protects through awesome technology
- Location
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St Sampsons,
United Kingdom
Categories: Finance & Payments Digital Mixed B2B/B2C
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Investment
sought: - £250,003
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Equity
offered: - 6.66%
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Investment
already funded: - £237,570
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Valuation
(pre-money): - £3,503,619
Idea
Introduction
We are creating the community that protects.
We estimate that over 50 million items are lost in the UK every year. Yet the process of finding and repatriating lost property is complicated and inefficient – for example only 22% of items lost on the TfL network are successfully returned.
Lost property is currently handled in silos across the UK, with no overarching system or body managing it on a national basis. The police, traditionally the first port of call for lost and found, no longer provides this service. As a result, an individual's experience of trying to track down missing items can be painfully time-consuming.
In this technological age, there should be a better and simpler way for the public to get their property back, as well as a more efficient system for businesses that handle lost property. So we created Found, a solution built on community networks and innovative technology which we offer through two tailor-made apps – one for the public and one for businesses.
Our aim is for Found to become the go-to community for lost property across the UK and to leverage this network to monetise our unique model, brand and technology.