We have raised £250,000 offline early 2018 and now we are trying to raise a further £50,000 and have already raised £45,000 offline since March 2019. Most has been raised from existing shareholders, including myself as founder via my pension pot, except for investments from Ken Wilson and Mike Jankowski in 2018. This is a pre-emption round for Seedrs to allow Seedrs investors to take up their pre-emption allocation. Please note there are a number of additional investments we are also retrospectively pre-empting on, the first of which was received June 2016.
Please note the business has 3 outstanding loans:
£45,000 to Funding Circle on a 5 year term
£50,000 to Michael Jankowski (shareholder) on a 5 year term
£20,000 to Greg Reid (shareholder) on a 5 year term