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Disperse

Follow-on - Pre-emption

Applying cameras and computer vision techniques to track and manage construction progress

EIS

Location
GB London, United Kingdom
www.disperse.io/

Categories: Data & Analytics Digital B2B

Investment
sought:
£160,000
Discount
offered:
20.00%
Funded 13 Nov 2017
Investment
amount:
£161,060
Valuation
(pre-money):
Convertible

Learn more about convertible campaigns.

Idea

Introduction

We are a construction technology company which specializes in applying cameras and computer vision to help improve construction project delivery. Our focus is on empowering construction management professionals with holistic, real-time visibility over what is happening across their site, with automated reporting and review of the construction progress against project plans.

As this is a pre-emption campaign open only for existing shareholders, minimum details are being provided. More information on Disperse is available on the company’s website. Please note, this information has not been verified or approved by Seedrs.

Convertible details

This investment round is being raised by way of a convertible instrument.

The key terms that apply to Disperse convertible are as follows:

• Discount – conversion to equity at the lower of (i) a 20% discount to the valuation set by a Trigger Event or (ii) the valuation cap of £3,000,000.

• Conversion is automatically triggered by the following Trigger Events:

o A Qualifying Financing Round – defined as the a subscription for equity of at least £250,000;

o A sale of the company;

• On an equity fundraise of less than £250,000, investors shall have the option to convert at a 20% discount to the price set by the “Non-Qualifying Financing Round”. In the event of a Non-Qualifying Financing Round, the Seedrs nominee will opt to convert or not-convert on behalf of all Seedrs investors, acting on the majority decision of the Seedrs investors.

• Longstop Date is 18 months from the date of the convertible.

• If the convertible has not been triggered by the Longstop Date, or is triggered by a sale of the company, conversion will happen at a pre-money valuation of £2,000,000.

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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.

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.