YoungPlanet, a London, UK-based sustainable parenting app, raised £547k in funding.
The funding round, which was run via Crowdcube, raised a total of £547,103.
The company intends to use the funds to accelerate national expansion, to enhance functionality and add key features such as gamification and integrated postage.
Run by husband and wife duo Jason and Emma Ash, YoungPlanet is a circular economy parenting app where parents can list or request a range of different children’s items; from books and clothes to toys and baby equipment.
The app can currently be downloaded UK-wide.
The YoungPlanet business is valued at £6.5 million pre-money.