Ellisons Solicitors recently assisted Playdate App Limited, in connection with their first external investment round. The app has received a £250,000 angel and VC investment and now looks to leverage growth following the launch in April 2021.
Partner, Petra Sharp, led the transactional team.
The ‘Playdate App’ was founded by Nevine Coutry, a single mother who herself, was struggling to find like minded single parents. Her research showed an enormous gap in the market, with 320 million single parents across the world and 1/5 relationships beginning online. This where her vision came to life and has since experienced incremental interest from both single mothers and fathers.
Nevine plans to further invest in growing the team, optimising the technology, and amplifying the app’s digital marketing campaign to accelerate growth. She aims for Playdate App Limited to become the world’s leading app in the niche market and has already begun expansion plans to enter the US, European and Asian markets.
Nevine Coutry, CEO of Playdate App Limited said: “It was a real pleasure working with the team at Ellisons and with Petra in particular who was the lead on the raise. Her professionalism, patience, and diligence was truly impressive. As CEO & Founder, it was my first time experience with fundraising and Petra really put me at ease and guided me through the whole process. I instantly knew I was in good hands!”
Corporate and Commercial Partner, Petra Sharp, said: “It was very exciting to be part of Nevine’s journey and to assist her with this next step of scaling the business and expanding into new markets. The app is unique in relating to single parents and linking with other services which include an in-app childcare solution.”