U Posted by Laura Moller
\ January 17, 2014

This week at Fundable, we’re thrilled to share two companies that recently exceeded their funding goals. Both businesses are experiencing incredible growth and moving into larger-scale production, catching the eye of backers and investors.

plum 2

Plum Surpasses Goal, Raises $525,000 for Home Automation

Plum (formerly Ube) allows people to control and monitor their electricity via smartphone from anywhere in the world. Their line of wi-fi enabled Smart Dimmers, Smart Plugs and Smart Outlets makes lighting and appliance control easy and affordable.

Since launching last March, they’ve sold over 5,000 units ($625,000 in total pre-sales) and closed an initial $760,650 funding round. The team has accomplished some incredible milestones in the past few months, including securing top talent, finalizing a rebrand to Plum to enhance their market positioning, and sending products to retailers nationwide this month.

The Plum team is moving into a series A round after they close their current bridge round, which is already 105% funded with $525,000 raised from investors. They are planning to use funds raised to introduce new devices and increase production.


Rude Hippo 110% Funded, Opening Brewery in Chicago

Rude Hippo Brewing Co. is diving head first into the increasingly popular craft beer movement. The team utilizes sustainable production practices, minimizing their environmental impact and maximizing the deliciousness of their brews.

The Rude Hippo team launched their rewards crowdfunding campaign to open their flagship brewhouse and purchase all of the materials necessary to launch a fully operational brewery. Backers were able to pre-order beers like their Old Saint Auggie’s Belgian IPA and Black Wheat Ale, as well as collaborating with the team on the creation of their own unique brew.

After exceeding their goal at 110% funded, Rude Hippo Brewery will be opening their doors to the public of Chicago. The team has already made steps forward, contracting with breweries in the Chicagoland area, and building a solid account base.

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