Raffolux runs digital raffles that let participants win prizes while supporting charities of their choice. The platform has distributed more than £11 million in prizes to over 65,000 winners and has raised over £600,000 for charities nationwide. Its core product is online, consumer-facing raffles and related fundraising services. Through the UKTV Ventures partnership Raffolux plans to use TV advertising to increase brand awareness and accelerate growth, including adverts on the UKTV network over the next year. The company has secured a £1.5M airtime-for-equity investment which will give it access to an audience of over 26 million viewers a month. Management says the deal will help propel the brand and continue raising money for its charity partners.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2023