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Not In The Guidebooks

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Authentic travel experiences. Better for travellers, better for local communities, better for the planet

125%
 - 
Funded 25 Aug 2020
£100,001 target
£199,882 from 206 investors
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Business overview

Location Harrow, United Kingdom
Social media
Website www.notintheguidebooks.com
Sectors Travel, Leisure & Sport Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 10554780
Incorporation date 23 Jun 2020
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Investment summary

Type Convertible
Discount 20%
Share price N/A
Tax relief

EIS

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Business highlights

  • Over 950 sustainable, responsible local experiences live
  • Global coperative co-owned by our local hosts and agent partners
  • Contracts with BA, Co-Op, & others, accessing > 8,000 agents
  • 2020 revenue reached £56,000 pm pre Covid-19
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.36 +
  • Pay by Bank payments not accepted
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 206
  • Discussion
  • Documents

Learn more about convertible campaigns.

Idea

Introduction

Post Covid, research shows people will avoid over-crowded hotspots. Instead, they’ll be looking for more individual, experiential trips that are more responsible and eco-friendly. Which is why we are uniquely positioned for growth coming out of this crisis.

At Not in the Guidebooks, we've curated a catalogue of the best local experiences from across the world. Each one is created by a local host, who is passionate about their home and keen to share its best kept secrets. It’s not just about seeing somewhere new – we help travellers experience brand new places through the eyes of the people that live there. Meet the locals, taste the food, and get right under the skin of somewhere new to make unforgettable memories.

By connecting travellers with local hosts, we save them hours spent searching for the most exciting part of their holiday. Whether they’re looking for a private trip or a group experience, a whole two-weeks away or a two-hour taste of something local, our experiences are unique, modular, and super flexible, so they can fit into any itinerary. It’s local travel. Just easier.

Substantial accomplishments to date

ACTIVITIES:

- Raised £250,000 seed funding to build our platform and connect with local partners. Travellers can book directly through us. Agents can access the experiences to design experiential holidays.

- Contracted agent partners including British Airways, Mid counties Co-Op, Spear Travel, NHS health service discounts, and Intele Travel, alongside many others. We are in the unique position of being the only partner to the trade, based on our market research, providing exclusively authentic, local, responsible experiences.

- Sourced over 500 carefully selected hosts. We are set up as a global collective, ensuring 10% of the company goes to our local partners, so they have a share in our success.

- Acquired and integrated Go Learn To, an experiential holiday provider focusing on immersive learning experiences.

REVENUE:

- Tracking between £1,000 and £2,000 monthly in 2019.*

- January 2020 - £21,000.*

- February £30,000.*

- Bookings of £35,000 in March pre-Covid.*

SINCE MARCH:

- Utilised lockdown to full effect. Conducted extensive customer research to inform a complete website re-design to ensure it looks appealing, is intuitive and user-friendly.

- Increased product offering with access to live availability platforms selecting authentic experiences that are on brand.

- Recently presented to over 1,000 travel agents, and have already started taking bookings across the UK, Ireland, and for Europe for later this year and into 2021.

- Agreed promotion with Coop food stores to promote travel through their member benefits.

Monetisation strategy

Customers and Agents book experiences directly on our website.

Direct Customers use our payment system and we take 20% fee paying the local operator 80%.

We provide access to hundreds of quality authentic experiences to travel agents who create bespoke holiday packages. The revenue model here is that they market our experiences to their customers and we share the 20% fee - 10% going to the agent.

Use of proceeds

-Build a small team to create content including inspirational video content and source new experiences

-Secure new partnerships, service the existing trade partners and create a communications programme to inspire them to spread the word to their customers, helping to grow our reach and drive sales.

-Build consumer brand awareness with strong social media presence, PR, targeted advertising leading to direct to consumer sales

-Develop the technology with GEO location & live availability, app based voucher system with all necessary documentations for the experience with beautifully designed trip itinerary.

* based on unaudited management accounts

Key Information

Outstanding debt

Please note the business has the following outstanding debt:

£50,000 bounceback loan

Funds raised as part of the round will not be used to repay this debt

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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 Convertible

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 convertible campaign allows you to invest today, with your investment converting into equity in the future, at a discount compared to other investors.

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).

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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.

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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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