The how, why and where of over overfunding
We've always prided ourselves on being at the forefront of conversational AI innovation to drive business efficiencies across multiple sectors. Our recent campaign has shown just how much confidence our investors have in our vision. With an initial target of ￡300,000, we are thrilled to announce that we have surpassed this goal, raising ￡317,000 from 342 investors. This milestone is a testament to the belief our community has in Logicdialog’s potential and future.
But our journey doesn’t stop here. We have set a stretch target of ￡400,000+, and we believe that with your continued support, we can achieve it.
￡73,000 in 10 days is totally doable, but what exactly is overfunding?
Understanding Overfunding
Overfunding occurs when a crowdfunding campaign surpasses its initial funding goal. Platforms like Seedrs allow campaigns to continue raising funds beyond their target, enabling companies to pursue additional growth opportunities and strategic initiatives that were initially beyond their financial reach.
Overfunding demonstrates strong investor confidence and provides companies with more resources to scale their operations, enhance their products, or expand into new markets. For investors, overfunding can be a positive sign of a company's robust potential and growing support from the investment community.
In this case, the additional funds will be pivotal to a key product development that will transform our business model. We plan to invest the additional funds in integrating an iPaaS (Integration Platform as a Service) into our operations—an investment that will pay dividends in so many ways...
Why an iPaaS?
Integration platform as a service (iPaaS) is a way of opening up complex integration capability to even the least technical of users. While our no code platform already facilitates 'plug and play' integrations via Zapier, much of our integration work can still be complex and take more time than it needs to.
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With the deeper integration of an iPaaS we don't just take our integration work down to hours (not days), we also further the self serve capability of Logicdialog, meaning less time spend on set up and more SaaS revenues on the back end. Here's the full list of benefits...
Why Now?
Integrating an iPaaS has been a strategic goal for Logicdialog for a long time. However, the one-off investment required has always been a hurdle. With the additional funds from our Seedrs campaign, we have a unique opportunity to make this transformative investment.
This is the perfect time to speculate to accumulate. By investing in this technology now, we are setting the stage for sustained growth and enhanced profitability. The one-off annual outlay for the iPaaS integration is an investment in our future—a future where Logicdialog can scale faster, serve our customers better, and generate more revenue.
Join Us on This Journey
We're incredibly grateful for the support we've received so far, and we are excited about the possibilities that lie ahead. By helping us to reach our stretch target of ￡400,000, you're not just investing in Logicdialog; you're helping us seize a moment where Generative AI and Conversational AI are font and centre of many businesses leader's minds, as we continue to push on the bleeding edge of productivity software capability.
Thanks for the support so far. You'll find our campaign here...