A video platform that replicates physical offices to cultivate culture and collaboration in remote teams
- 60,000 subscribers and 1,500 organisations have chosen Wurkr
- £700k of investment from large Indian media house
- +1,000% increase in subscribers since March 2020
- A planned £1m in additional seed funding is being raised
Wurkr seeks to be the leader in transforming the future of working from anywhere. We believe our solution is the first of its kind “Office in the Cloud” that simulates a physical office with always-on video technology. We take the virtual workplace beyond occasional video catch ups and recreate the experience of working together all day in an immersive and engaging way. Our platform enables seamless team collaboration, bridging gaps between workers anywhere in the world and embracing a truly new way of working.
With working from home growing by 400% in the last decade, the future of the workplace is undergoing a fundamental shift and digital technology is at the core. We estimate that, post-pandemic, up to 40% of companies will continue to have employees working from home or elsewhere. The need for solutions that cater to this new way of working will only grow.
When you invest in Wurkr, you are participating in one of the fastest growing industries in the world. You are investing in and shaping the future of work.
Wurkr’s target market is not only companies with remote or distributed workers but also those transitioning workers to work from anywhere. Operating on a per user per month subscription pricing model, we will work with diverse businesses, such as start-ups, small and medium enterprises, multinational corporations, remote-first companies, and digital nomads, across industries.
We see an opportunity to expand our model across the UK, India, USA and finally the rest of the world. In fact, current surveys indicate that 99% of employees would like to work at least some of the time remotely for the rest of their careers, while 61% of global companies now offer their staff a remote working policy.
In this environment, where working from anywhere is emerging as the new normal, we will build on our demonstrated traction by raising a new round of funding to maximise advertising globally, expand our team and continue developing our product.
This will help Wurkr further build momentum, drive expansion and ultimately deliver its monetisation strategy.
Future plans: how we will use proceeds
Wurkr will utilise new investment to deliver on its expansion plan.
Wurkr seeks to:
● Be the leader in transforming the future of the ‘working from anywhere’ market.
● Further expand into the UK, India and USA in 2021, with a global push in 2022
● Release Wurkr Pro (Paid) that provides for: multi browsers, mobile access, video
conference rooms, user customisation for logo and office sizes and whiteboarding.
● Integrate Wurkr Enterprise with products such as Slack and G Suite.
We are set to succeed in our vision of transforming the future of working from anywhere in a connected world.
Please note, this campaign is part of a larger round (see Key Information section)
Investors always have the option to invest through the Seedrs Nominee structure but Direct investment is available above £25,000.
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 and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.
Wurkr has secured investment in two tranches from a large Indian Media House (the “Investor”), for a total investment of £700,000. This investment forms part of the round but is not reflected as the investment is tied to the use of the Investor’s marketing services in India and the Investor will be receiving preference shares.
The first tranche of £350,000 will be invested at the same price per share as this campaign. The second tranche of £350,000 can be invested upon agreement by the Company and the Investor, and if invested, will be based on fair market value, as determined by the company’s accountants.
The Investor will receive preference shares which entitle the investor to a 1x non-participating preference and a full ratchet anti-dilution right.
The investment is made on the condition that the Company will commit to the Investor’s advertising services for a minimum of 4 years (the fourth year only being applicable if the second tranche of investment is deployed).
Wurkr has also secured a further £100,000 commitment from an Angel investor in the form of a call option that may be exercised at the election of the Angel investor any time before 1 April 2022. The exercise price shall be the Company’s fair market value, as determined by the company’s accountants.
Please note, Seedrs’ campaigns display valuation on a fully-diluted basis, so the £8.5m valuation includes (a) debt that is converting into equity on this round, (b) the existing option pool and (c) the first tranche of investment from the Indian Media House mentioned above. The price per share however remains exactly the same and is the price per share invested by the Indian Media House.
The business has the following outstanding debt:
£9k directors loan. No interest, payback plans or agreements in place currently.
£21,500 bounce back loan. 12 month interest free and payable over 6 years.
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