Inspiring Stories: Loopster
To continue our series of ‘Inspiring Stories’, Jane Fellner, founder of Loopster and business participant of We in Social Tech cohort one shares her insights on the 6 month accelerator
“It was an amazing experience, I grew, and my business grew!”
– Jane Fellner
Loopster, is a revolution in how kids’ nearly new clothes are bought and sold. Loopster offers a superior level of service by buying childrens’ clothes from parent which have been worn very little, along with hand-checks on every item it sells to ensure it is quality tested, then re-sells to other parents at a fraction of High Street prices.
Why Join the Accelerator
It felt perfect. It’s all about social impact, I work in Wood Green and it’s based in Wood Green. I’m doing social tech and I’m also a woman! I read about it and thought, “Oh my God! I’ve got to apply! It’s a match made in heaven!
Successes of the Business so far
In the past year we’ve had significant revenue growth and traffic growth to our website. We’re currently half way
through raising our second round of investment to take the company to the next level. Plans are in motion to
rebuild our website. It’s great that I’ve been able to add an extra member of staff to the team which shows our growth.
I was put forward for a pitching competition by Nwes which I won, and then pitched to 100 people which in turn
has brought in a lot of potential investment. Some of our highlights we cannot forget to mention is Loopster
featuring on Radio 4 and The Guardian.
Benefits of the accelerator:
Social impact programme based in my local area is a win win! Superseded my expectations with a
great cohort, team bonding exercises with businesses and fun interactive tasks.
Great all-round knowledge on business development, prepared me for scaling and provided
investment framework knowledge.
Immense guidance and bespoke pathway on how to raise funding and scale for investment.
Dowload the case study here:
We in Social Tech is an innovative accelerator, set-up to support ambitious women-led social technology businesses. The programme is delivered by Nwes, the largest not-for-private-profit enterprise agency in the UK, in collaboration with founding partner Deutsche Bank, through its social enterprise programme Made for Good. The tech accelerator programme will support a total of 60 social tech businesses by 2020.
Read more about the accelerator here>>