Climber is a Revenue Management Software for small hotel chains and independent hotels.
Business overview
Location | Canas de Senhorim, Portugal |
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Social media | |
Website | www.climberrms.com |
Sectors | SaaS/PaaS Digital B2B |
Company number | 513884157 |
Incorporation date | 26 Feb 2016 |
Investment summary
Pre-emption Details
The Company has received €100,000 in equity funding from Loyal VC at a pre-money valuation of €1,014,000 in order to extend its runway. The investment is expected to give the Company around 7 to 8 months runway with an option for Loyal VC to invest a further €60,000 at a €1,500,000 pre-money valuation in April this year.
Seedrs investors are now being offered their pre-emption rights on the initial €100,000 investment. The share price for this round is €0.135, we have set an investment multiple of €13.50 so each investment of €13.50 is for 100 shares.
As this is a pre-emption campaign, limited information is provided at this time. More information can be found on the company's post investment page. Please note this information hasn't been approved by Seedrs.
Existing convertible:
As part of this round, the Venture City's existing €100,000 convertible loan note will also convert into equity at the same share price.
Share classes:
As a condition to the investment from Loyal VC, all existing preference shares held by shareholders are being converted into ordinary shares so that all shareholders will hold the same class of ordinary shares, including Loyal VC and the Venture City.
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If you successfully purchase a share lot of this business, you will be granted access.
Buy sharesOnly shareholders can access this page
If you successfully purchase a share lot of this business, you will be granted access.
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