Free Postcode Lottery

Free Postcode Lottery Ltd.Free Postcode Lottery Ltd. was founded in 2011 and is headquartered in Cardiff, UK. The company provides a platform where participants can enter prize draws without needing to pay.76 million post-money.Pick My Postcode offers a unique online platform that provides users with the opportunity to participate in free prize draws, where winning postcodes are selected at random. The service operates similarly to a lottery but does not require any payment for entry, as the prize fund is financed through advertising revenue generated by site traffic. The primary end use case is to enable users in the UK to win cash prizes simply by entering their postcode and checking daily for any winnings. The platform is designed for UK residents aged 18 and over, and it aims to provide a fun and engaging experience while ensuring user privacy and data protection.Revenue for Pick My Postcode is generated through advertising on its website, which is directly tied to user engagement and traffic. As users visit the site to check for potential winnings, this increased traffic attracts advertisers who pay to have their ads displayed. The structure of transactions is primarily focused on advertising partnerships rather than direct sales of products or subscriptions. Revenue is derived from advertisers who benefit from the exposure to a targeted audience that frequents the platform to participate in prize draws.In December 2016, Free Postcode Lottery Ltd. The company plans to enhance its platform with new features aimed at improving user engagement and expanding its reach within the UK market.

1. Seed

   Dec 16, 2016

   Amount

   $1.3M

   Investors

   Locked