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Disperse

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Follow-on - Pre-emption
Screen shot 2016 06 16 at 12.00.56

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
  • Idea
  • Team
  • Updates
  • Investors 15
  • Discussion
  • Documents

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 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.

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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.

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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.