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GeoDB

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GeoDB is a global Big Data marketplace, which rewards you for the data you generate.

138%
 - 
Funded 27 Feb 2020
£1,000,011 target
£1,527,399 from 1,001 investors
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Business overview

Location LONDON, United Kingdom
Social media
Website www.geodb.com
Sectors Data & Analytics Digital Mixed B2B/B2C
Company number 11858893
Incorporation date 4 Mar 2019
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Investment summary

Type Equity
Valuation (pre-money) £15M
Equity offered 8.47%
Tax relief

EIS

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Business highlights

  • GeoDB rewards anyone around the world for the data they generate
  • Will allow data buyers to access trusted, quality & accurate data
  • Plans to solve the inefficiencies of the $200bn Big Data Industry
  • Aims to create a safe, valuable & efficient Big Data marketplace
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Key features

  • Secondary Market
  • Seedrs nominee min. £13.28 +
  • Pay by Bank payments not accepted
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 1,001
  • Discussion
  • Documents

Idea

Introduction

Big Data is becoming one of the most valuable assets in the world, being exploited by small oligopolies. While you, the USERS, the real data generators are being left out of the equation. GeoDB will reward any user around the world for the data they generate.

GeoDB is a peer-to-peer big data sharing ecosystem powered by blockchain technologies. An open data marketplace that creates bridges between current isolated participants and which aims to solve the existing inefficiencies of the huge big data industry.

At one end, users upload their data to the ecosystem. In exchange, the network rewards them for that generated data. Meanwhile, at the other end, data buyers access the data pool and purchase those datasets.

Users receive GEO tokens in exchange for their anonymous data, which can later be exchanged for FIAT money (GBP, EUR, USD...) through our partner's market platforms in a normal trading activity or, once we launch our full network capabilities, use it to acquire goods and services, all directly in the same app in which they receive the tokens.

Intended impact

Data has become the new digital oil. The big data and data analytics market is a 200bn USD market. A high-value asset class on top of which huge digital companies have built extremely profitable business models.

But for some reason, fundamental values were forgotten and left behind along the way. Privacy, control, transparency or direct reward for data creators. YOU, the users, and your interests were forgotten.

GeoDB is here to change this, building better and trusted relationships between market participants. Closing the gap between data generators and data buyers and solving huge inefficiencies in the industry, eliminating intermediation and allowing faster and frictionless transactions.

We aim to boost the Big Data market increasing transactionality, allowing trusted, frictionless and efficient P2P data transactions.

Winning back trust in the digital economy depends on giving people much more control of the usage, ownership, and value of their information. Thanks to GeoDB the users will be able to recuperate back their rights.

Substantial accomplishments to date

Since the incorporation of the company, GeoDB has been able to grow and build a strong infrastructure. We are now prepared to face future challenges with big trust:

Product & Technology:

Data Generator Network and Data Generator App GeoCash launched.

Download now:

https://play.google.com/store/apps/details?id=c...

Data Network Statistics:

500,000 daily data points generated.
24,000,000+ data points stored in our database.

Team:

More than 15 team members including 10 technical developers & researchers holding several PhDs in computer science.

Business Development:

1) Data Sellers

Through our proprietary app & partnerships with 3rd party applications, we have ensured the connection to our network of more than 12 million users, who will have the ability to sell their data through GeoDB.

2) Data buyers

We have strategic partnerships with 5 big data companies from Europe & Latin America including AboutGoods, Datalytics, Flame Analytics & others, who will be buying data from GeoDB after the main-net is launched.

GEO Token:

GEO token has been listed on two global exchanges & has shown a growth of 400% since September 2019.

Community:

We have over 15,000 people following GeoDB in different social media channels including Telegram, Wechat, Twitter, Linkedin, and Medium.

Funding:

We have raised over £1.5m since August 2018.

Monetisation strategy

GeoDB is a complete ecosystem made to improve the current Big Data industry.

It has been created with inherent monetization streams since moment 1 of its launch.

This is the current monetization strategy:

Data Selling
GeoDB is a Big Data marketplace. The network buys data to users and prepares it to later sell it to buyers. That margin between the buying price and the selling price will become our main revenue stream. It's a BYTEs business. Buy once, sell as many times as we want.

Transaction fee
We will charge a commission from each transaction in the GeoDB AppStore network once the selling side of the network has been launched (using analytical services through GeoDB AppStore).

AppStore license fee
Developers willing to offer their software services through the GeoDB AppStore will have to pay an annual fee to GeoDB.

Conversion services
In our user’s applications, once the full network is launched, we will be offering an instant conversion service of GEO tokens into traditional fiat money like GBP with a commission-based business for such an exchange.

Use of proceeds

The company is pursuing further investment in order to continue it's accelerated growth as we approach full network launch, which we are aiming for during Q3 2020. With third-round funds we will push the following areas of the company:

1.- Team Building

Adding further talent in these areas: a) Tech Development with an additional 5 to 10 new members with Big Data, blockchain, and backend capabilities b) Biz&Dev, incorporating a Biz&Dev manager and a couple of sales representatives c) Marketing and growth. CMO and a team of two more people to manage marketing, pr and communication strategies.

2.- Marketing

We will invest in the growth of our user base to increase our data-pool size and in the growth of our strategic partners, both in the selling side and buying side of the network.

3.- Token Economy

We will continue to bet on the growth of our Token, increasing its visibility and presence in bigger and more liquid exchanges. By the end of 2020, we expect to be listed in at least two top worldwide exchanges.

Investor Rewards

Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

Key Information

Non GBP Investment

Please note, investment is reflected in this campaign from direct investors which was received by the company in Euros.

Investment in Euros is being reflected in to this campaign at an exchange rate of 1.16 EUR to 1 GBP.

Any further investment in Euros will be reflected in to the campaign at this exchange rate.

Related Parties

GeoDB Blockchain Limited is the UK limited company which investors will be receiving shares in. GeoDB Foundation Limited is a Singapore based company which is tasked with managing the Geo Token and ecosystem. GeoDB Foundation Limited is not a subsidiary or parent company of GeoDB Blockchain Limited, and so investors will not receive any exposure to this company. There is a contractual agreement in place which manages the terms of this relationship.

GeoDB Blockchain Limited has a full subsidiary company, Geo Data Block SL, which is a Spanish limited company. This company is responsible for Technology development and business development. Investors will receive full exposure to this company as it is 100% owned by GeoDB Blockchain Limited.

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

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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 £15,003,160

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.

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.

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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).

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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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