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Tweaq

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The world's first self disinfecting door handle, processing valuable data to improve building management

102%
 - 
Funded 12 Mar 2023
£425,000 target
£437,214 from 128 investors
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Business overview

Location London, United Kingdom
Social media
Website www.tweaq.co/
Sectors Property Mixed Digital/Non-Digital B2B
Company number 12935381
Incorporation date 7 Oct 2020
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Investment summary

Type Equity
Valuation (pre-money) £7M
Equity offered 5.85%
Share price £3.95
Tax relief

EIS

Co investor REACH UK Ventures

Scaling the top new technology companies into real estate and adjacent verticals.

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Business highlights

  • 99.99% Effective against germs
  • 30+ B2B clients, Including major distribution partners
  • 1.1M+ uses over the last 12 months
  • Contributing to SDGs by leveraging our circular economy
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.85 +
  • Direct investment min. £40,000.00 +
  • Idea
  • Key Information
  • Investor Perks
  • Team
  • Updates
  • Investors 128
  • Discussion
  • Documents

Idea

Introduction

Tired of germ and bacteria worries on door handles?

Well, we at Tweaq have the solution for you. Our connected door handle solution is here to help. Our lab-tested door handle disinfects itself every time it's opened, eliminating 99.99% of bacteria, viruses, and fungi.

We provide a hassle-free service with everything taken care of including installation, replacement notifications, and new cartridge shipments. Our connected door handle sends data to a dashboard to monitor your cartridge level and building traffic, reducing cleaning costs.

Our circular economy also reduces waste by providing a return box and prepaid label for empty cartridges. We recharge and refill the cartridges before sending them out to another client.

Say goodbye to germ worries with our self-disinfecting door handle solution. Relax and let us handle everything!

Substantial accomplishments to date

Developed and launched a revolutionary door handle that disinfects itself to protect against contamination.

Conducted lab testing that has proven the effectiveness of our disinfecting solution, Rise, against bacteria, fungus, and viruses, including Covid 19.

Started our sales journey by targeting small and medium businesses and are beginning to expand to bigger corporations.

Confirmed interest (LOIs) from two major hygiene providers to deploy our solution across 19 markets in Europe.

We are working to establish pilot projects in the UK and US with international investment banks and large hospitality companies.

Currently we have supplied 30+ B2B customers and distributors across Europe. We are developing our business model based on a subscription model, with a goal of generating monthly recurring revenue.

Monetisation strategy

The company generates recurring revenue through a subscription model where customers pay a monthly fee for access to the door handle service and automatic cartridge replacements.

There are two options available: the Buy option, where the customer purchases the hardware and subscribes to the service, and the Smart Lease option, which includes the hardware in the monthly payment. The company also earns revenue from the sale of additional services.

In the future, the company plans to expand its revenue streams by developing more building optimization services using data collected from its product.

Use of proceeds

The company will look to increase its reach and customer base, and improve its operations and scalability to better serve the market.The funds will also be used to focus on data analysis and optimization of building performance.

32% of the funds will be used for operations, including the hiring of additional staff, facility and equipment upgrades, and other expenses related to running the business.

28% of the funds will be used for product development and research, specifically focusing on data analysis and optimization of building performance.

26% of the funds will be used for marketing and sales efforts to increase brand awareness and expand the customer base.

14% of the funds will be used for miscellaneous expenses and contingencies.

Key Information

Group Structure

Investors in this round are investing into and will become shareholders of Tweaq Limited (Company Number: 12935381). This is the holding company for the for the following subsidaries:

• Tweaq Switzerland Sàrl operates in Switzerland and is 100% owned by Tweaq Limited.
• Tweaq EUROPE SASU (incorporated in France) to operate in Europe and is also 100% owned by Tweaq Limited.

Investor Perks

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. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

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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 £7,014,876

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.

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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