HOME RUN KNOCKS IT OUT OF THE PARK WITH SUCCESSFUL EQUITY CROWDFUNDING CAMPAIGN

Home Run, the one-hour grocery shopping & delivery platform, today announces that it has so far raised £470,078 in funding, thanks to its successful equity crowdfunding campaign on Seedrs.

Home Run set their funding target on Seedrs at £450,006, however they have so far raised more than £470,000, and will remain open for a few more weeks to welcome further investment. The company hit their funding target in just 23 days and has attracted more than 201 investors from 21 countries.

The funds raised will be used to accelerate the development of the company’s new B2B white label proposition; “Powered by Home Run”. This is a low-cost, high quality product for any European grocer who wants to use Home Run’s extensive suite of proprietary technology to advance or indeed launch from scratch their own profitable on-demand online grocery offering, under their own brand.

Backed by Jam Jar Investments, Home Run is not just grocery delivery, it is personal grocery shopping. Customers can select their preferred store and place an order for same day delivery within as little as 60 minutes. They can also leave notes for their shopper at the time of placing an order and communicate with their personal shopper via the platform.

Unlike other online grocers, Home Run holds no warehouses, inventory or delivery vehicles of its own. With online groceries making up just 6.7% of the entire UK grocery market[1], many retailers are still wholly dependent on their physical stores. Home Run is using these stores as its own ready-made fulfillment centres, the model is therefore highly scalable and quick to roll out. The company is already working with some of the UK’s leading supermarkets such as Waitrose, Tesco, Whole Foods and Marks & Spencer. Wherever there is a supermarket, there could also be Home Run.

Home Run Co-founder and CEO, Takis Malavetas, said: “At Home Run, we have developed a platform that reflects our vision of how grocery shopping should be done in the 21st century. With 50% of the UK’s customers wanting to do their grocery shopping online, we believe that this is a ripe opportunity for Home Run to tap into a huge potential market that is currently unfulfilled by the existing online grocery offering. We are delighted by the response we’ve received to our first crowdfunding campaign and look forward to welcoming this new group of investors, and hopefully advocates and potential customers, on this journey with us.”