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Fantacycling

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Fantacycling is a fantasy sports platform dedicated to cycling and a media hub for cycling news.

111%
 - 
Funded 23 Oct 2024
€150,000 target
€166,850 from 192 investors
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Business overview

Location Pontedera, Italy
Social media
Website fanta-cycling.com
Sectors Entertainment Digital Mixed B2B/B2C
Company number 02357540505
Incorporation date 31 Dec 2019
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Investment summary

Type Equity
Valuation (pre-money) €2.5M
Equity offered 6.23%
Tax relief N/A
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Business highlights

  • We reach more than 138k registered users
  • We reach 3 million of views on Youtube
  • We increased revenue by 59% from 2022 to 2023*
  • We want to become the world's largest community of cycling fans
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Key features

  • Secondary Market
  • Nominee investment min. €20.00 +
  • Direct investment min. €30,000.00 +

Pitch

About the Campaign

Fantacycling is a fantasy sports platform dedicated to cycling and a media hub for cycling news. Users can create virtual teams, compete by following global events, and access exclusive content. With over 138,000 registered users and a strong, engaged community, we are launching a crowdfunding campaign to expand internationally. Fantacycling aims to become the go-to platform for fan engagement and cycling enthusiasts in the fantasy sports world.

Market Opportunity

Fantacycling is the first fantasy sports platform dedicated to cycling, addressing a gap in the global fantasy sports market, which is valued at $28.7 billion, according to MarketReasearchFuture's 2023 report.

It brings together cycling fans through virtual teams, real-time news, and a strong community. We facilitate direct interaction between fans and athletes via our YouTube channel, creating a special sports engagement experience in a global cycling market valued at over $65 billion in 2022 (Statistica Market Analysis Nov 2023).

Additionally, we create cycling content on streaming platforms, enhancing fan engagement.

Traction & Key Accomplishments

Fantacycling saw a significant 59% increase in revenue from 2022 to 2023 (growing to €77,082), driven by various income sources such as B2B sponsorships and B2C community monetization.*

In 2022, we were selected by Bocconi University for an acceleration program, marking a significant milestone. Subsequently, we successfully closed our first investment round, securing crucial funds for expansion.

In 2024, we expanded our revenue strategy by successfully launching an ecommerce platform. Additionally, we create and monetize video content and live streaming on platforms.

Annually, we also organize live community events, further engaging our user base and strengthening our presence in the fantasy sports and cycling sectors.

We have collaborations with Drali and Eurosport Italia, and over the years, we have partnered with various brands both within and outside the cycling industry.

* Based on unaudited management accounts.

* Please note that past performance is not an indication of future performance.

Business Model

We generates revenue from:

B2C via premium subscriptions, paid special sections on the app, programmatic adv on the app and website, monetized streaming content, and ecommerce for cycling products.

In the B2B sector, we monetize through partnerships for sponsorships and advertising. We aim to mitigate risks such as fluctuating advertising markets with a diversified revenue strategy and a focus on community engagement.

Our goal is to drive revenue expansion by increasing the number of users internationally.

Use of Funds

Fantacycling will use the funds with the goal of accelerating growth:

30% for marketing and user acquisition.

30% for technology development and product enhancement.

40% for branding strategies necessary for international expansion.

We believe that this allocation will enable us to significantly expand our user base, enter new global markets, and strengthen our position in the fantasy sports and cycling industry.

Key Information

Share Classes

The company currently has 2 classes of shares, Founder & Investor shares. All investors in this round, including Republic Europe (Seedrs) investors, will be receiving Investor shares.

The rights attached to the share classes are as follows:

1. Founder shares:

○ Voting Rights

○ Pro-rata right to dividends and capital distributions

○ Pre-emption rights over transfer of shares

2. Investor shares:

○ Voting Rights

○ Pro-rata right to dividends and capital distributions

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To comply with financial regulations, we can only show full campaign details to registered users.

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

Only shareholders can access this page

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

Buy shares

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 is issued by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), and has been approved as a financial promotion for the purposes of s.21 of the Financial Services and Markets Act 2000 by Prosper Capital LLP ("Prosper") which is authorised and regulated by the Financial Conduct Authority with firm reference number 453007 on 29 August 2024. 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 Republic Europe 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 Republic Europe platform. It is not for distribution in the United States of America and all investment activities take place within the United Kingdom. Any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Neither Republic Europe nor Prosper provide advice or recommendations in relation to any investment on this site. 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. Neither Republic Europe nor Prosper provides 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 €2,506,050

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

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

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).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

Find out more

Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

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.

Find out more

Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

Find out more

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, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, 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.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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