iNeed raises funds by lowering costs

iNeed has now successfully raised its funds on crowdcube by shaving its costs and reducing the amount raised to £60k (from the previous £100k).

The company states that it has re-negotiated its marketing agreement with the marketing agency and that the agency is now taking a stake in the company.

In effect, therefore, iNeed has raised its funds by a combination of money for equity but also a large slice of sweat equity too.

 

 

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