• Amanda Philpott

eargym Launches an Equity Crowdfunding Campaign

Coming soon on Crowdcube

My co-founder Andy and I are thrilled that eargym is launching our first equity crowdfund very soon. It means that anyone interested in having a genuine stake in our mission to improve hearing health and cognition worldwide can now do so, from as little as £10.

We’ve made fantastic progress over the past 18 months with our Beta app development, user-testing and business pilots, and we’ve so much more exciting work ahead. There’s lots of exciting developments coming in 2022 that we can’t wait to share, including an improved user experience, more immersive training games, cognition testing to support dementia research, and new training rewards and benefits.

What actually is crowdfunding?

Traditionally, the only way to fund a new business was to seek out large investments from a small number of backers. However, crowdfunding is different, and as the name suggests it gives businesses the opportunity to raise funds by asking a large number of people, i.e. the crowd, for smaller sums of money.

There are lots of crowdfunding platforms out there, but we’ve decided to launch our campaign on Crowdcube. They have a community of over 2 million investors who have invested more than £1 billion so far, have a very thorough due diligence process, and have been used to crowdfund by other incredibly successful businesses including Monzo, Brewdog, and Revolut.

Crowdcube’s support as we’ve prepared to launch our campaign has been invaluable.

Why did we choose to crowdfund?

We wouldn’t be where we are today without the incredible support of our community. We’ve seen how our approach has resonated with both hearts and minds as everyone knows someone whose quality of life is affected by hearing loss. By launching an equity crowdfunding campaign we’re able to give anyone the chance to come onboard as an investor and own a piece of eargym, with investments starting from just £10. It feels good to be able to offer the community that has helped us get to where we are today the chance to share in our future.

Both Andy and I are passionate about raising awareness on hearing loss and its surprising correlation with social isolation, cognitive impairment, and dementia. Thanks to the help of our own ambassadors and the huge community at Crowdcube, our crowdfunding campaign will help us reach thousands of people, raising awareness on how everyone can take care of their hearing health.

What is pre-registration?

Pre-registration is the exclusive opportunity for our community and supporters to be the first to access our crowdfunding campaign once it goes live. If you pre-register, there is no obligation to invest, it will just make sure you’re right at the front of the queue.

With over 90 investors already pre-registered for our campaign, we’re expecting to reach our target quickly. You can pre-register your interest now to make sure you don’t miss out on the chance to get involved.

How can I pre-register?

Pre-registering is easy - all you need to do is click the link here and fill out a very brief form. Once completed, you’ll receive an email from us to confirm that we’ve received your pre-registration. We will get in touch very soon with all the details and will send you access when we launch on Crowdcube.

Who can invest?

Anyone can invest in eargym, it doesn’t matter whether you’ve just discovered us or have been part of our community since day one, we’d be thrilled to welcome you on board and have you join this journey with us. You can invest from as little as £10.

eargym qualifies for EIS tax relief. This means UK taxpayers can claim back up to 30% tax relief through the Enterprise Investment Scheme. Find out what this means for you in the video below.

To support our campaign, you will need to set up a Crowdcube account. It’s a simple process that takes 5 minutes to complete and involves passing an identity check and authorising yourself as an investor.

You can read Crowdcube’s Risk Warning guide to investing here.

If you have any questions or would like to know more, please feel free to get in touch at invest@eargym.world, we'd be more than happy to help.

Download the eargym app now on App Store or Google Play Store to try it for yourself