Sarah Ferguson supported a failed app project that received over £1 million of public funds but never launched. The lifestyle app, vVoosh, created by Manuel Fernandez, aimed to enhance users’ experiences but faced financial collapse despite significant investments. The app’s failure adds to Ferguson’s recent setbacks, including losing her Duchess title and long-time residence.
Fernandez, a former soldier and tech professional, initiated vVoosh in 2010, securing substantial funding, including £1 million from government research credits. However, the app development ceased without a product launch due to disputes with an Indian contractor. Communication breakdowns between stakeholders and Fernandez exacerbated the situation, leading to the company’s administration.
The administrators’ report disclosed financial discrepancies, with one director owing the company a substantial sum. The app had numerous shareholders, including American investors, raising concerns about potential reimbursements. Additionally, vVoosh owed money to one of Ferguson’s companies.
Fernandez, who sold his London home and possibly left the UK, had a close relationship with Ferguson, sparking romance rumors in the past. Despite their connection, Ferguson maintained they were just friends. The failed venture highlights the challenges faced by entrepreneurs in the tech industry.