About Raffolux

Raffolux operates a digital raffle platform that allows users to enter for a chance to win luxury prizes through low-cost ticket purchases. By utilizing a transparent ticketing system and instant prize claims, the platform enhances accessibility to exclusive rewards while contributing to charitable causes with a portion of the proceeds.

```xml <problem> Many individuals lack access to luxury goods and experiences due to high costs and limited availability. Traditional raffles often lack transparency and can be inconvenient, reducing user trust and participation. </problem> <solution> Raffolux is a digital raffle platform that offers users the chance to win luxury prizes, including cars, tech gadgets, cash, and holidays, through affordable ticket purchases. The platform provides a transparent and user-friendly experience with instant prize claims and fast payouts. Raffolux also supports charitable causes by donating a portion of the proceeds from each raffle. By offering a wide range of prizes and accessible ticket prices, Raffolux aims to make luxury attainable for everyone while supporting various charities. The platform also offers instant win competitions, providing more frequent opportunities for users to win prizes. </solution> <features> - Wide selection of luxury prizes, including cars, tech, cash, and holidays - Low-cost tickets starting from £0.01 - Instant prize claims and fast payouts - Transparent ticketing system using random.org for fair draws - Mobile apps for iOS and Android - Option to support a charity with every ticket purchase - Instant win competitions for more frequent winning opportunities - Multiple payment options, including credit/debit cards and PayPal </features> <target_audience> Raffolux primarily targets individuals over 18 years of age in the United Kingdom who are interested in winning luxury prizes at an affordable price while supporting charitable causes. </target_audience> <revenue_model> Raffolux generates revenue through the sale of raffle tickets and instant win entries, with ticket prices varying depending on the prize value and raffle type; a percentage of each ticket sale goes to charity. </revenue_model> ```

What does Raffolux do?

When was Raffolux founded?

Raffolux was founded in 2017.

How much funding has Raffolux raised?

Raffolux has raised 1800000.

Founded

2017

Funding

1800000

Employees

21 employees

Major Investors

UKTV Ventures

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Raffolux

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Executive Summary

raffolux.com 700+

Crunchbase

Founded 2017

Funding

Estimated Funding

$1M+

Major Investors

UKTV Ventures

Team (20+)

No team information available.

Company Description

Problem

Many individuals lack access to luxury goods and experiences due to high costs and limited availability. Traditional raffles often lack transparency and can be inconvenient, reducing user trust and participation.

Solution

Raffolux is a digital raffle platform that offers users the chance to win luxury prizes, including cars, tech gadgets, cash, and holidays, through affordable ticket purchases. The platform provides a transparent and user-friendly experience with instant prize claims and fast payouts. Raffolux also supports charitable causes by donating a portion of the proceeds from each raffle. By offering a wide range of prizes and accessible ticket prices, Raffolux aims to make luxury attainable for everyone while supporting various charities. The platform also offers instant win competitions, providing more frequent opportunities for users to win prizes.

Features

Wide selection of luxury prizes, including cars, tech, cash, and holidays

Low-cost tickets starting from £0.01

Instant prize claims and fast payouts

Transparent ticketing system using random.org for fair draws

Mobile apps for iOS and Android

Option to support a charity with every ticket purchase

Instant win competitions for more frequent winning opportunities

Multiple payment options, including credit/debit cards and PayPal

Target Audience

Raffolux primarily targets individuals over 18 years of age in the United Kingdom who are interested in winning luxury prizes at an affordable price while supporting charitable causes.

Revenue Model

Raffolux generates revenue through the sale of raffle tickets and instant win entries, with ticket prices varying depending on the prize value and raffle type; a percentage of each ticket sale goes to charity.