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Blue Crow Media

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High quality curated city guide apps for contemporary urban life.

117%
 - 
Funded
£50,000 target
£58,670 from 138 investors
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Business overview

Location London, United Kingdom
Social media
Website www.bluecrowmedia.com
Sectors Content & Information Mixed Digital/Non-Digital B2C
Company number 06977718
Incorporation date 17 Jul 2009
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Investment summary

Type Equity
Valuation (pre-money) £950K
Equity offered 5.82%
Tax relief

EIS

  • Idea
  • Market
  • Team
  • Updates
  • Investors 138
  • Discussion
  • Documents

Idea

Introduction

Blue Crow Media creates apps for discerning consumers to discover the finest casual food and drink establishments in London and New York. Our award-winning apps include London's Best Coffee, Craft Beer London, Burgerapp, New York's Best Coffee and Craft Beer New York. We want to go further.

We intend to create a complete series of curated lifestyle apps for discovering the best on offer in London, New York and further cities to compliment our existing apps.

We are raising seed funding in order to embark on a more aggressive plan of development involving more products in more cities.

Intended impact

We aspire to lead people to the finest establishments in the world, whether they be cafes, pubs, restaurants, shops, galleries and beyond. We have identified niche markets that understand the limits of crowd-sourced content, and want expertly curated guides in an attractive, clutter-free environment. With our commitment to quality, authenticity and design, we've developed a strong sense of trust with discerning urban consumers.

We are currently working on a new app scheduled to launch this spring called London’s Best Cocktail Bars. We’ll follow this with London’s Best Wine Bars and the London Cycle Guide. All of the apps will be accompanied by new maps which not only help to market the apps within associated establishments, but are profitable in their own right.

We are working towards complete coverage of London with our apps, maps and improved online products. During this period, we will explore new cities to cover, in our quest to become the recognised global leader in contemporary city guides.

Substantial accomplishments to date

Our current apps include the best-selling London's Best Coffee, New York's Best Coffee, Craft Beer London, Craft Beer New York and Burgerapp. These apps have been number one selling paid Food & Drink apps in the App Store on numerous occasions.

Our apps have been favourably reviewed in the New York Times, the Sunday Times, Time Out, Vogue, Mashable, National Geographic Traveller, Cool Hunting, The Evening Standard, Forbes, Esquire and elsewhere.

Apple has often featured these apps in the App Store, including its annual Rewind (naming London's Best Coffee a top five lifestyle app of the year), and the following editorial categories: Editor's Choice - All Time Favourite Apps, Apps for Foodies, Visit London, and more. Two of our apps are currently featured as Recommended Restaurants & Bars apps.

We also publish a series of printed maps and have secured wholesale accounts at leading shops across London.

Monetisation strategy

Currently our revenue comes from sales of our apps via Apple and Android's app stores. We also earn revenue from sales of our maps via online sales and wholesale accounts.

We are currently exploring monetisation strategies involving sponsorship and advertising.

Beyond sales revenue, the future for the apps may involve loyalty programmes, in-app wallet functionality, advertising and sponsorships, paid featured placements, or a combination of these.

Use of proceeds

The proceeds raised will support the production and marketing of new products, including:

Apps:
- London’s Best Cocktail Bars
- London’s Best Wine Bars
- London Cycle Guide

Online:
- Craft Beer London website (with advertising and sponsorship opportunities)

Print:
- The London Gin Map (limited edition print)

More time will also be allocated to marketing and building brand awareness.

Market

Target market

Our target audience is every smart phone owner who wants to make the most of living in or visiting London and New York. As our company expands into new cities, our audience grows. Equally as our product range grows within cities, we add further users.

More specifically, our target audience is urban dwellers aged 18-35 whose interests include food and drink, travel, computers and electronics, and sport.

Characteristics of target market

We target these users by focusing on communities surrounding subcultures. Our focus on niche markets, such as craft beer and specialty coffee drinkers, have allowed us to play a central part in these quickly expanding communities and provide them with a leading guide. We will continue to target similar communities and work with their leading writers and exponents.

There are a number of publishers with apps that touch upon these general areas, but none that we feel provide our focus on specialty products or our flexible approach. Among these are Phaidon with their Wallpaper Guides, Goop City Guides, Not For Tourists and Random House with their Good Pubs Guides. We feel these apps attempt to cover too broad a scope, often have stale content, reflecting their mentality of releasing annual guidebooks, and none have kept up with the technology available (for example, none have been updated for iOS 7), thus opening the market to start ups like ours. We add and edit content constantly. Ensuring new places are added and details are updated. This way we stay ahead of the competition and provide our users with a city guide that constantly improves with time.

Marketing strategy

Our focus thus far has been on building a core user base and establishing ourselves as leaders in the field. We currently reach over 50,000 users with our apps and we have a strong social media presence with over 20,000 active followers on Twitter alone across our app accounts. We've reached these numbers via word of mouth recommendations and without any spend on advertising or marketing.

We intend to increase our online presence, making more substantial content available and new targeted advertising campaigns.

Competition strategy

Our London apps regularly feature in the top ten selling food and drink apps in Apple's App Store. We outsell competitor apps produced by both established publishing companies and celebrities. For example, both Craft Beer London and London's Best Coffee spent over 90% of all of 2013 as top 25 selling paid food and drink apps in the UK.

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If you successfully purchase a share lot of this business, you will be granted access.

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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 campaign for Blue Crow Media has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 21 February 2014 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, 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. Republic Europe 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 Republic Europe, 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 £950,000

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.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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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).

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