Jump to:

ResponseiQ

Follow-on - Pre-emption

Sales callback platform helping 250+ businesses generate a higher return from their marketing.

EIS

Location
GB London, United Kingdom
www.responseiq.com

Categories: SaaS/PaaS Digital B2B

Investment
sought:
£484,819
Equity
offered:
7.48%
Funded 25 Jan 2019
Investment
amount:
£490,669
Valuation
(pre-money):
£5,999,581

Idea

Introduction

PLEASE NOTE:

This is a pre-emption campaign following a recent raise of £484,818.75 offline. You have been notified about your minimum individual pre-emption rights but are welcome to invest more if you would like. Brief updates, metrics and plans are provided below:

• What we are:
A SaaS sales acceleration and conversion optimisation platform.

• What we do:
Convert website visitors and email leads to inbound sales calls using instant callback technology. We have customers such as Co-operative Travel, Trailfinders, UKinsuranceNET, Oxford Royale Academy, Buz.

• The Result:
Our customers can enjoy more sales calls, and the potential subsequent revenue, from their existing web traffic. We generate 3,000+ calls a day.

• The Opportunity:
Millions of businesses in the world have websites and are potentially leaving money on the table. We are here to help them. Our revenues have steadily increased, up to £64k in Dec 2018 (Based on unaudited management accounts).

Substantial accomplishments to date

255 paying customers.
£64.5K in MRR.
Staff in London, Philippines and South Africa.
Developed our own SIP/Asterisks system to increase gross profit from 60% to 90%.
Built a sales machine which we believe is the envy of other companies.

Monetisation strategy

Recurring monthly payments from our customers in exchange for packages, consisting of credits.
Customers range from £20/m up to £8k/m.
Average customer pays us £250/m.
Circa 50% demo complete to paying customer ratio.

Use of proceeds

We will be investing in a South Africa sales office and a range of new products.
Our aim is for these products to open new markets and increase the revenue from our current customers significantly.

To access the ResponseiQ team biographies, including current ownership

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

To find out more

Already have an account?

Login

To comply with financial regulations, we can only show full campaign details to registered users

Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

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.

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.
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.