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Pre-emption

Wriggle

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A realtime marketplace for local food & drink.

View more details of this business.
116%
 - 
Funded 12 Sep 2017
£294,736 target
£344,859 from 117 investors
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Business overview

Location Bristol, United Kingdom
Social media
Website www.getawriggleon.com
Sectors Food & Beverage Digital Mixed B2B/B2C
Company number 08599213
Incorporation date 5 Jul 2013
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Investment summary

Type Equity
Valuation (pre-money) £2.4M
Equity offered 12.74%
Tax relief

EIS

  • Idea
  • Team
  • Updates
  • Investors 117
  • Discussion
  • Documents

Fundraising history on Seedrs

  • Pitch closing date
    Funding round
    Raised
    Pre-money valuation
    Equity offered
    Equity
    Investors
  • 8 May 2019
    £939,495
    £5,140,320
    15.45%
    453
    View pitch
  • 12 Sep 2017
    £344,826
    £2,361,329
    12.74%
    117
    View pitch
  • 15 Feb 2016
    £429,447
    £1,499,981
    22.26%
    420
    View pitch
  • 29 Jul 2014
    £156,574
    £859,205
    15.41%
    196
    View pitch
View more details of this business.

Idea

Introduction

Wriggle is a web and app marketplace platform that allows customer to discover and transact at handpicked eat-out food & drink businesses.

With 70,000 transactions already, our business model is proven. We are now operating profitably in Bristol*, our first city, and have a replicable roll-out strategy successfully tested in Cardiff (170% ahead of Bristol in revenue at the same stage).

The strategy is to prepare ourselves for a roll-out in 2018. We aim to hit breakeven across the business in mid-2018 - and in doing so (whilst trading in only 3 cities), we'll be in an excellent position to roll Wriggle out across the UK and internationally.

To ensure that we have enough cash to trade through this Breakeven target, we’re raising a £300,000 EIS round - which will allow us to prepare our platform for a roll-out.

*Please note: this is excluding centralised admin expenses

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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 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.

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 £2,361,329

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