Worth Capital presents The Big App Fund powered by Facebook.

Location
Weybridge, United Kingdom
Investment
sought:
£320,000
Equity
offered:
Fund
100.0%
Investment
already funded:
£320,000
Valuation
(pre-money):
Fund

Team

About

Regular_seedrs-01-large__1_

Overview

After the success of our Foundation Fund earlier this year, Worth is launching a new App fund in partnership with Facebook. Our new fund will invest in three businesses which come top in a pan-European business competition, The Big App 2014. The £350k fund will be called The Big App Fund I.

The competition aims to discover Europe's best App Entrepreneurs. Facebook is supporting the competition with a major, pan-European advertising campaign for six weeks, in tandem with a big PR push to national and international media.

It is anticipated that significant numbers of app businesses and developers will enter, and the best 50 will go to the Big App Pitch Day at Facebook HQ on 27th October 2014. From there we will choose the best 10, who will enter a final judging event in London on 17th November 2014. To help us, we have assembled a stellar judging panel from the App and investment world, which so far includes:

  • Jeff Lynn, Co-Founder of Seedrs
  • Ted Nash, Co-Founder of Tapdaq
  • Aman Ghei, Strategic Partner EMEA, Facebook and ex-Board Advisor / Investor at Supercell
  • Adam Harrison, Head of Partner Marketing EMEA, Facebook
  • Alex Johns, Partner, Worth Capital
  • Paul Ephremsen, Partner, Worth Capital

The result of the judging will be one winner and two runners up. The winner will receive £150k and the runners-up £100k each, for stakes to be determined at the time of the investment. Each winning business will also receive a significant package of support from Facebook and Worth. In the event that we overfund, we will either choose one or two more runners-up or increase the funding in the original three businesses.

Please note: the top 20 Seedrs investors will be invited to the Pitch Day, and three Seedrs investors (the top two investors plus one drawn at random) will receive VIP passes to Finals Day at Facebook HQ.

This is a ground breaking moment for us as Facebook's support takes this to the next level and presents you as investors with an unprecedented opportunity to invest in the very best app businesses in Europe.

We strongly believe that our first Big App Fund will have a significant chance of success for the following reasons:

  1. The investments will be chosen by a group of well-known entrepreneurs with huge success under their belts.
  2. The search for the final shortlist will come via a European-wide (plus Israel) search with unprecedented media coverage.
  3. The companies will receive focused business mentoring from a group of experts - which will turbo charge their path to success.
  4. The three winning companies will receive significant support and coverage from Facebook, which will help put their businesses in front of the public and their potential customers.
To see more information, please
Proceed
To see more information, please
Proceed
To see more information, please
Proceed
To see more information, please
Proceed
To see more information, please
Proceed

Investing in startups involves risks, including loss of capitalilliquidity, lack of dividends and dilution, and it should be done only as part of a diversified portfolio. Seedrs is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions.

This page has been approved as a financial promotion of the Seedrs platform by Seedrs Limited, which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity, and the summary information provided about investment opportunities is intended solely to demonstrate the types of investments available through Seedrs. Any investment decision should be made solely on the basis of the full listing for that particular investment opportunity. Full listings are available to authorised investors only.

This startup is eligible for SEIS tax relief - providing eligible investors up to 64% of their investment back up front and further tax incentives on disposal. Click to learn more.
This startup is eligible for EIS tax relief - providing eligible investors up to 30% of their investment back up front and further tax incentives on disposal. Click to learn more.