Chirp is child-protection software for smartphones that blocks cyberbullying,grooming & self-harm content
Business overview
| Location | Dublin, Ireland |
|---|---|
| Social media | |
| Website | chirpfamily.com/ |
| Sectors | Healthcare Digital B2B |
| Company number | 629187 |
| Incorporation date | 25 Jun 2018 |
Investment summary
Business highlights
- Raised: €2.8M non-dilutive grant & €1.67M equity
- Granted patents for kernel-level OS modificiation
- UN invited Chirp to showcase at AI for Good Summit
- LoIs for 500,000 Chirp-enabled devices
Key features
Pitch
About the Campaign
Chirp's patented child-protection software can uniquely detect/block harmful user-generated content in messaging apps & browser searches, even encrypted apps, sending real-time alerts to parents if their child is in danger.The UN invited Chirp to showcase at the AI for Good Summit in July this year.i
Market Opportunity
Parents want to protect their children from being cyberbullied, groomed by predators and from accessing self-harm content online. Chirp's embedded software can detect/block these harms even in encrypted apps, perfectly positioning it to be the market-leader in the est. €3BN parental control market.
Traction & Key Accomplishments
Chirp secured a €2.8M non-dilutive grant from highly competitive DTIF programme, executed that plan on time and on budget, and had the innovation and disruptiveness of its technology independently validated by the DTIF panel of expert EU judges. Partnered with UNESCO Chair for the prevention of bullying to develop Chirp. UN invited Chirp to showcase at the AI for Good summit in Geneva in July. Granted patents for Chirp's innovative OS modification. Secured pilot partnership with major EU Telco.
Use of Funds
This raise funds Chirp's pilot in Ireland with a major EU telco, then drives product development, launch, and scale. Chirp will expand into Ireland, UK, US & Canada while preparing EU entries in other languages. Allocation: 80% key hires (engineering & commercial), 20% marketing, launch & ops.
Key Information
Key information investment sheet
Key Investment Information Sheet is available by downloading the following documents:
- Key Investment Information Sheet [Danish]
- Key Investment Information Sheet [German]
- Key Investment Information Sheet [English]
- Key Investment Information Sheet [Spanish]
- Key Investment Information Sheet [French]
- Key Investment Information Sheet [Italian]
- Key Investment Information Sheet [Dutch]
- Key Investment Information Sheet [Portuguese]
- Key Investment Information Sheet [Swedish]
Founder Interests
The CEO and founder, Rena Maycock, is also a shareholder and a non-executive director in 2 other businesses.
1. RF Intro Agency Limited
2. Kombeara Teorant
Share Class Structure
The Company currently has 5 classes of shares: Ordinary Shares, A Ordinary Shares, B Ordinary Shares, C Ordinary Shares, and D Ordinary Shares.
All investors in this round, including Republic Europe investors, will receive Ordinary Shares.
Holders of Ordinary Shares will receive voting rights at general meetings and are entitled to receive dividends.
Holders of A, B, C, and D Ordinary Shares do not have voting rights or dividend rights. These share classes were created to incentivise each senior management team and have now fully vested.
On a liquidation, return of capital, or exit, the proceeds will be distributed to all shareholders (holders of Ordinary, A Ordinary, B Ordinary, C Ordinary, and D Ordinary Shares) in proportion to the number of shares they hold.
Tax relief
The company has applied for EIS Advanced Assurance from HMRC and expects to receive it shortly.
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