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Pre-emption

LANDBAY

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A Specialist Mortgage Marketplace Lender.

View more details of this business.
117%
 - 
Funded 13 Feb 2019
£1,877,255 target
£2,200,815 from 214 investors
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Business overview

Location London, United Kingdom
Social media
Website landbay.co.uk
Sectors Finance & Payments Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 08668507
Incorporation date 29 Aug 2013
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Investment summary

Type Equity
Valuation (pre-money) £40M
Equity offered 5.21%
Tax relief

EIS

  • Idea
  • Team
  • Updates
  • Investors 214
  • Discussion
  • Documents

Fundraising history on Seedrs

  • Pitch closing date
    Funding round
    Raised
    Pre-money valuation
    Equity offered
    Equity
    Investors
  • 19 Nov 2021
    £2,631,380
    £85,468,245
    2.99%
    234
    View pitch
  • 27 Nov 2020
    £5,118,536
    £50,278,950
    9.24%
    335
    View pitch
  • 13 Feb 2019
    £2,197,421
    £40,015,124
    5.21%
    214
    View pitch
  • 28 Mar 2018
    £1,614,807
    £28,918,587
    5.29%
    278
    View pitch
  • 14 Mar 2017
    £2,012,069
    £18,263,306
    9.92%
    159
    View pitch
  • 23 Feb 2016
    £1,601,371
    £10,302,390
    13.45%
    407
    View pitch
  • 19 Aug 2015
    £105,600
    Convertible
    12.50% discount
    9
    View pitch
  • 17 Jun 2015
    £549,300
    Convertible
    12.50% discount
    94
    View pitch
  • 12 Dec 2014
    £267,811
    £4,250,498
    5.93%
    116
    View pitch
  • 2 May 2014
    £114,403
    £1,360,788
    7.76%
    131
    View pitch
  • 25 Apr 2014
    £81,647
    £1,279,141
    6.00%
    71
    View pitch
  • 12 Dec 2013
    £71,200
    £616,667
    10.35%
    185
    View pitch
View more details of this business.

Idea

Introduction

This is a pre-emption round as we have received direct invest totalling c.£1.85m. Our business model remains the same - solely focussed on BTL and a marketplace Model (including Retail P2P). We will continue to stay focussed as we see a huge opportunity in the £240bn BTL Mortgage.

2018 was a major growth year for Landbay on Multiple metrics. Monthly lending from Jan 18 to Jan 19 grew by c 3x and annual revenue in 2018 was more than 4 x 2017*. In addition we were awarded BTL let of the Year in November 2018.

We still haven't experienced any defaults.

*source: audited accounts for 2017 and unaudited management accounts for 2018

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

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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

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 £40,015,124

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.

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.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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