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FlairBox

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FlairBox is the world's digital stage and end-to-end hiring platform for performers.

112%
 - 
Funded 17 May 2021
£300,001 target
£338,151 from 149 investors
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Business overview

Location London, United Kingdom
Social media
Website www.flairbox.co
Sectors Entertainment Digital Mixed B2B/B2C
Company number 12159832
Incorporation date 16 Aug 2019
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Investment summary

Type Equity
Valuation (pre-money) £2.5M
Equity offered 11.90%
Share price £2.78
Tax relief

EIS

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Business highlights

  • 2,500 performer users since October launch
  • 'Mission Impossible' and 'Top Boy' casting using FlairBox
  • £277,000 Innovate UK SMART grant awarded
  • Over 1,250 audition requests sent to users this year
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.12 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 149
  • Discussion
  • Documents

Idea

Introduction

FlairBox is the world's digital stage. We've built an end-to-end hiring solution for entertainment industry professionals and a digital stage that allows performers to share a wide range of their work and be discovered for what matters most, their talent. Through our 'Intelligent Casting' AI, we're using industry professional interaction to power a machine learning engine that will rank performers based on suitability for a role - a major technical advance which we believe will save 60+ hours per talent search.

In an industry plagued by elitism, so much so that 67% of British Oscar winners were privately educated, compared to only 7% of the British population who are privately educated, we're transforming the archaic process that currently prevails, which relies on training, contacts and credits to get auditions for roles. In doing so, we will level the playing field and make it no longer about who you know or what you've been in, but how good you are.

Substantial accomplishments to date

● FlairBox was revenue generating 30 days after launch on October 5th. We now have 2,900 performers on our database, 2,500 of which are active on the platform and 438 of which are on paid premium accounts or premium trials. This equates to 42% month on month user growth

● Some of the industry's biggest names are using FlairBox already, including Casting Directors like Nancy Bishop's office (casting director for 'Mission Impossible: Rogue Nation' & 'Borat Subsequent Moviefilm'), Olissa Rogers from Fiona Weir's office ('Harry Potter' & 'Fantastic Beasts and Where to Find Them') and Sophie Pearson from Des Hamilton's office ('Jojo Rabbit' & 'Top Boy')

● 54 acting agencies have also set up accounts in order to showcase their clients and submit their client's tapes for roles on FlairBox. These include some of the very biggest agencies in the UK such as United Agents (who represent James Corden, James Mcavoy and Olivia Coleman to name a few).

● Over 1250 self-tape requests have been sent through FlairBox since November

● FlairBox has just been awarded a £277,000 Innovate UK SMART Grant in order to fund our Machine Learning & AI development over the next 18 months.

Monetisation strategy

Actors are charged using a freemium subscription model which allows them to use a basic account for free and share one video and one headshot on their profile. A paid premium membership (£7.99/month) allows them to access more features such as sharing a wider range of their work (up to 10 videos) & unlimited headshots which increase their likelihood of being shortlisted for roles.

Casting Directors don't currently pay but we are creating a freemium model which will charge based on the amount they use the platform. This will also be a monthly subscription.

Agents are currently able to use FlairBox for free too. Through our clever ‘talent tracker’ system, we will provide agents with all of the information they need about which clients are being shortlisted, favourited and cast by casting directors. They will be charged based on usage, through a freemium, monthly subscription model.

Producers will be charged for annual licenses in order to use FlairBox for all of their casting needs.

Use of proceeds

18 months of spend for the following:

Marketing = 42.88%

Total Salaries = 34.5% (Developer salaries covered by Innovate UK Smart Grant)

Office Rental = 9.6%

Legal = 5%

Software = 4%

Design = 2.25%

Accountants = 1.2%

Insurance = 0.57%

Key Information

The company has a bounce back loan of £50,000 at an interest rate P.a of 2.5%, repayable monthly over a 72 month period

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If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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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.

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.

Tax Relief (SEIS)

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.

Tax Relief (EIS)

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.

Valuation (pre-money)

Valuation rounded from £2,502,000

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Seedrs Nominee). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

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