Register your interest
Help hospitality own a piece of glug
Since launch in July, Glug has achieved a lot in a short period of time. We’re Crowdfunding to accelerate the growth of our ambitious company. We are inviting you to join our business as a shareholder at this early stage to ensure you get the maximum growth potential from your investment.
Technology is now being used to reassure customers about safe measures, cleaning schedules, collecting data, and eliminating touchpoints between customers and staff. “Right now, technology is a necessity,’ reflects Josh Burke, CEO and co-founder of Glug, an ordering and payment app.
Founding team includes the founder of the highly successful Bongo’s Bingo
Launched on Apple and Google Play store (Jul 2020), >20,000 downloads
UK dining and pub markets are worth £48bn
Businesses lose 75% of orders due to waiting time
No one likes waiting or standing in queues...
Customers are not willing to wait more than 14 mins for order, and businesses lose 75% of their orders due to the waiting time.
Weatherspoon, Pizza Express and other big chains have their own EPOS integrated order & pay app. These apps have proven to be very popular.
On the other end of the spectrum are booking platforms (e.g. Opentable & Bookatable) which allow consumers to discover new places and book a table. However, they do not integrate with a digital menu to let customers order and pay for food online.
At Glug, we do not think the white label approach is right for small businesses. First, consumers have to download an app for each venue they visit; second, we believe they will benefit more from having a community-led approach which will give them an additional channel of customer outreach.
We provide a platform for businesses to let customers order from the digital menu and have them served to the table or pick up from the bar. With zero up-front fees, small businesses can now join the mobile revolution.
Our system is designed to be user friendly and easy to setup. Restaurants/bars can upload and digitalise their menu and can be discoverable within 24 hours.
Through our community app, consumers can discover the restaurant, book a table, place order, split bills and browse for offers & discounts.
What does it mean to invest in a crowdfunding round?
Earn up to 30% tax relief
Glug crowdfunding round qualifies for the Enterprise Investment Scheme (EIS). This allows investors to invest up to £1,000,000 in any tax year and receive 30% tax relief on their investment.
Who can invest?
You must be over 18 and a resident of the UK or a country where you can legally receive financial promotions. This doesn't include the US, Canada, Japan plus a few others.. When creating your Crowdcube account, you’ll also be asked to choose an investor type (such as everyday, professional, etc) and complete a quick questionnaire. This is to ensure you understand the high risk nature of investing in startups.
Making a return on investment
Investing in startups is high-risk and making a return on your investment is never guaranteed. One option is by selling your share for more than you paid for it. There is no active market for private shares currently. Hopefully, Glug will eventually be bought by a larger company (an 'exit'). At that point, you are more likely to be able to sell your shares for a profit.
How do I make an investment?
Simply, register as a Crowdcube member and click ‘Invest Now’ on the pitch page when it's live. You can invest as little as £10 using a debit or credit card. Once the campaign closes, the money will be released from the holding account. If we fail to hit 100%, all of the money will be returned. If we continue with your investment, you'll become a real shareholder of Glug and receive your rewards.
Who gets private access?
Exclusive Access will be shared with those who pre register. We will open the investment round to the general public shortly after, so keep an eye out for updates!
What is the risk warning?
Investing in startups involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This email has been approved as a financial promotion by Crowdcube which is authorised and regulated by the Financial Conduct Authority.