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We Build Bots

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Intelligent automation powered by conversational AI. Multi award winning enterprise SaaS platform.

181%
 - 
Closing soon
£300,000 target
£544,065 from 683 investors
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Business overview

Location London, United Kingdom
Social media
Website www.wbb.ai/
Sectors SaaS/PaaS Digital B2B
Company number We Build Bots
Incorporation date 4 Aug 2017
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Investment summary

Type Equity
Valuation (pre-money) £5.6M
Equity offered 8.91%
Tax relief

EIS

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Business highlights

  • £1.5m revenues
  • 15 enterprise customers
  • Tech Nation 'Rising Stars' and 'Applied AI' winners
  • Global reseller partner network established
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Key features

  • Secondary Market
  • Seedrs nominee min. £15.00 +

Idea

Introduction

Did you know that 26% of an employees' time in the workplace is wasted on repetitive, manual tasks? And did you know that UK businesses lose more that £37bn a year because of poor customer service?

These are the issues we're fixing with our enterprise SaaS platform, Intelagent.

Welcome to intelligent automation... powered by conversation.

We Build Bots (WBB) is a multi award winning intelligent automation company.

Our enterprise SaaS platform is called Intelagent, and is used by customers in the government, transport, education, utilities, third, and sports sectors to build, integrate, train, test and launch service automation tools like chatbots and voicebots that can be powered by voice or text.

These bots can be used to serve employees and customers, taking care of the mundane tasks to save time, save money, and deliver a great user experience.

We currently work with 15 enterprise customers, have a churn rate of 6.25% (1/16 based on 3-year contracts), and have generated £1.5m in revenues.

Monetisation strategy

WBB is a SaaS vendor. Our platform, Intelagent is licensed, typically on 3 year contracts. These are paid annually in advance.

We have 3 tiers of pricing;

starter (£5988 p/a)
pro (£30,000 p/a)
enterprise (£54,000 p/a).

Our most popular tier is pro - £30,000 p/a.

Over 3 years that means a total contract value of £90,000.

We do small amounts of billable integration work too but this type of work is handled largely by our clients or integration partners.

Around 90% of our revenue is recurring revenue.

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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.
Valuation rounded from £5,563,395

Pitch type

There are 4 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • 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.

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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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 shareholding type is available and the minimum investment required to select it.

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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 or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.