We use cookies so our website works and is secure, to analyse our traffic, and to personalise content and advertisements.
By clicking "Accept all" you agree to these purposes and the sharing of your data with our trusted partners and affiliates. You can find out more and withdraw or manage your consent at any time here.
Accept all
Choose cookies
Close

Jump to:

  • Navigation
  • Content
  • Footer

Airsorted

Follow

Follow-on
Sq dark

Airsorted makes hosting hassle-free on platforms like Airbnb, HomeAway & Expedia.

EIS

Location
GB London, United Kingdom
www.airsorted.com

Categories: Property Mixed Digital/Non-Digital Mixed B2B/B2C

Investment
sought:
£1,000,000
Discount
offered:
20.00%
Funded 4 Jun 2019
Investment
amount:
£1,277,960
Valuation
(pre-money):
Convertible
  • Idea
  • Key terms
  • Team
  • Updates
  • Investors 1,080
  • Discussion
  • Documents

Learn more about convertible campaigns.

Idea

Introduction.

In April 2018 we ran a crowdfunding campaign on Seedrs, beating our target in a matter of days. Since then we've put these funds to good use. In the last year, we’ve...

✅ Grown revenue 2.5x*.
✅ Launched in 12 new cities.
✅ Grown the number of homes under management from 1,800 to more than 4,000.

Our mission is to make hosting hassle-free for everyone. Renting out your home can be a hassle – from dealing with guest inquiries to cleaning and arranging key exchanges – especially if you are away or out of the country yourself. We market our hosts’ homes for short-lets, then look after guests from start to finish.

Home sharing is not accessible for many homeowners who don’t have the time or expertise – we’re here to solve that. We host and our clients earn – that's Airsorted. The extra income & freedom enables our hosts to do more of what they love.

Crowdfundingimgs 0005 ams p 14

Convertible details

This investment round is being raised by way of a convertible equity investment structure, in this case an "advanced subscription agreement".

A summary of the terms that apply to the Airsorted advanced subscription agreement are set out below. See also attached Key Terms in the Documents section for further details.

• Discount – conversion at a 20% discount to the valuation set by a Trigger Event.
• Valuation cap of £47,000,000. Please note that the discount does not apply to the valuation cap.
• The Trigger Events include:
o A Qualifying Funding Round – defined as the Company raising investment capital of at least £4,000,000 from one transaction or a series of transactions, in exchange for the company issuing equity Shares. This funding round does not count towards this total.

• The Longstop Date is 30th June 2020.
• If conversion has not been triggered by the Longstop Date shares will be issued on the Longstop Date at a price per share based on a pre-money valuation of £33,000,000 on a fully diluted basis immediately prior to the Long Stop Date.

• Shares will also be issued at a price per share based on a pre-money valuation of £33,000,000 on a fully diluted basis immediately prior to a change of control or a winding up event. No discount will apply to this share price

This investment round includes £250,000 being invested by Concentric Capital by way of Convertible Loan Notes. The convertible loan notes have some terms that differ from the Seedrs Advanced Subscription Agreement. These are further explained in the Key Terms that investors can find in the Documents section of the campaign.

Crowdfundingimgs 0003 pce 1

Intended impact.

Our founder, James, started life in finance in New York and London for a large investment bank. Wanting the freedom to create a business, he quit his job and attended a coding bootcamp. While doing this, he put his place on Airbnb and realised three things:

1. There’s loads of money in it.
2. There’s loads of work involved.
3. No one’s connecting all the dots – cleaning, laundry, guest communications, pricing (etc).

James threw up a landing page to gauge market demand and very quickly realised it was massive. Four years later, and Airsorted has rapidly grown to become a hugely successful platform, managing over 4,000 properties in 22 cities around the world.

Listing your home can take a lot of time…We take care of all of this for our hosts.

Hosting in hours

Substantial accomplishments to date.

2015.

🚀1st test to gauge market demand.
📍 Airsorted launched in London.

2016.

📍We launch in 2 new cities: Edinburgh and Dublin.
💰Raised seed funding of £1.5 million.

2017.

We launch in a further 6 cities and gather momentum....
📍Sydney.
📍 Brighton.
📍 Bristol.
📍Brisbane.
📍Auckland.
📍Melbourne.

2018 - Present.

💰Completed a £5 million Series A funding round.
💰Raised a further £2 million via crowdfunding on Seedrs.
🏠The number of managed homes grew from 1,800 to over 4,000.
📍We launched in 12 new cities, from Toronto to Cape Town.

Crowdfundingimgs 0002 pce 5

Monetisation strategy.

We have a pricing model that starts from 12% + VAT up to 18% + VAT, depending on the market conditions in each city. This model means we only make money when our hosts make money, completely aligning our interests with theirs.

Our strategy in the short to medium term is to maintain focus on delivering the expansion of our core business model, rather than looking at alternative revenue streams. However, we have a breadth of long–term strategic options we are considering. Possibilities are not limited to our host-customers, but also include monetising additional (add-on) services to guests to compliment their stay. Since launching in 2015, an estimated half a million guests have stayed at homes managed by Airsorted.

Crowdfundingimgs 0000 m 39

Use of proceeds.

Continued Growth - In 2018 we more than doubled the number of cities we operate in. We've laid the foundations we need and tested growth strategies. We now want to scale further and go deeper into these new markets.

Product Development - We built technology that enables us to look after the homes and guests of thousands of hosts, in multiple cities around the world. Our tech focus means that as far as we know Airsorted has the best technical product in the market. We have built tools to help deliver operational efficiency, automating as much as possible from scheduling cleans and linen delivery through to setting smart pricing to boost occupancy rates. We want to develop more apps and tools to make it easier for ours hosts to earn more from their property.

Please note that the company has a total credit line of £80,000. Funds raised as part of this round will not be used to pay this debt.

Product

* Based on unaudited management accounts.

Loading, please wait...

To access the Airsorted team biographies, including current ownership

Sign up

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Sign up

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Sign up

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Sign up

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Sign up

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

Share on:

Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

  • About Seedrs
  • Our Team
  • Careers
  • Partnerships
  • Contact us

  • Invest
  • Raise
  • Referrals
  • Tax Relief
  • Types of Equity

  • Case Studies
  • Guides
  • Blog
  • Investor help centre
  • Entrepreneur help centre
  • Glossary
  • Feedback

  • Risk Warnings
  • Privacy Notice
  • Security
  • Terms of Service
  • Referral Fee Terms
  • Campaign Terms
  • Secondary Market Terms
  • AutoInvest Terms

Facebook Twitter LinkedIn Google Plus

For information about how we use your personal data please see our Privacy Notice.
Seedrs small logo

Seedrs Limited is authorised and regulated by the Financial Conduct Authority (No. 550317).

© Seedrs Limited 2019. All rights reserved. Seedrs is a registered European Community trademark (No. 008771537) and registered United States service mark (No. 85423072) of Seedrs Limited, a limited company registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW, United Kingdom, VAT No. GB 208 3065 32. Seedrs.com is a website owned and operated by Seedrs Limited.

Trustpilot rating
Trustpilot Stars

Trustpilot Logo

Company

  • About Seedrs
  • Our Team
  • Careers
  • Partnerships
  • Contact us

Get Started

  • Invest
  • Raise
  • Referrals
  • Tax Relief
  • Types of Equity

Learn

  • Case Studies
  • Guides
  • Blog
  • Investor help centre
  • Entrepreneur help centre
  • Glossary
  • Feedback

Legal Info

  • Risk Warnings
  • Privacy Notice
  • Security
  • Terms of Service
  • Referral Fee Terms
  • Campaign Terms
  • Secondary Market Terms
  • AutoInvest Terms

Get Social

Facebook Twitter LinkedIn Google Plus
For information about how we use your personal data please see our Privacy Notice.
Seedrs small logo

Seedrs Limited is authorised and regulated by the Financial Conduct Authority (No. 550317).

© Seedrs Limited 2019. All rights reserved. Seedrs is a registered European Community trademark (No. 008771537) and registered United States service mark (No. 85423072) of Seedrs Limited, a limited company registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW, United Kingdom, VAT No. GB 208 3065 32. Seedrs.com is a website owned and operated by Seedrs Limited.

Trustpilot rating
Trustpilot Stars

Trustpilot Logo
This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.