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gowithYamo

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We aim to make art more accessible to everyone, from art newbies to experienced gallery goers.

107%
 - 
Funded 21 Dec 2020
£150,007 target
£161,105 from 53 investors
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Business overview

Location London, United Kingdom
Social media
Website www.gowithYamo.com
Sectors Content & Information Digital Mixed B2B/B2C
Company number 12668131
Incorporation date 13 Jun 2020
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Investment summary

Type Equity
Valuation (pre-money) £998.8K
Equity offered 13.89%
Share price £8.59
Tax relief

EIS

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Business highlights

  • 65k downloads and growing
  • Featured as Apple's app of the day on Apple App Store
  • 40k+ Instagram followers & 10k+ Twitter followers
  • Launched the first ever gowithYamo exhibition
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Key features

  • Secondary Market
  • Nominee investment min. £17.18 +
  • Idea
  • Investor Perks
  • Key Information
  • Team
  • Updates
  • Investors 53
  • Discussion
  • Documents

Idea

*Statistics from the video are based on March 2020 levels

Introduction

The gowithYamo app was launched in 2018 with an aim to consolidate all exhibitions on one platform, making art more accessible to a wide audience.

With hundreds of exhibitions listed, we believe we are the most comprehensive art exhibition app out there. Not only is our app intuitive and easy to use, it is also fun and rewarding. Users can collect Yamo points by checking-in to galleries and exchange them for rewards such as art prints and exhibition tickets in our in-app store.

Through our multi-platform approach we aim to help small galleries increase their exposure and footfall, who are often over shadowed by a small number of major institutions (who last year alone received 49.8 million visitors, generating £289 million). We provide support to galleries, museums and artists by exposing them to our extensive community of art lovers and offer custom-built virtual exhibition spaces where they can show and sell their work to our sizeable digital audience, a popular service during the lockdown period.

Substantial accomplishments to date

· We have achieved 65k downloads and still growing.

· Featured as Apple's app of the day on the Apple App Store.

· Launched the first ever gowithYamo exhibition.

· Partnerships with London Art Fair and Mayfair Art Weekend

· Collaborated with Roy's Art Fair, The Other Art Fair, Moniker Art Fair, The Affordable Art Fair, JD Malat, Mazzoleni Gallery, Harlesden High Street, the Art on a Postcard charity auction

· To our knowledge, we are the first art app to have a check-in feature at galleries.

· 40k+ Instagram followers, 10k+ Twitter followers

Monetisation strategy

We generate revenue by providing services to galleries and artists.

On the app, we offer marketing services that galleries can use to promote their exhibitions to our users. We also offer promotional services on our social media and blog, like sponsored posts, reviews, gallery trails and interviews.

We help artists and galleries sell their artworks online and receive a commission on any sales.

Use of proceeds

We are looking to grow the operation of the company by expanding in three areas.

The first area is to expand our platform geographically. We are currently focussed on the UK and now intend to expand to the rest of Europe and North America.

The second project is the development of a virtual exhibition platform. This will give galleries and artists access to a wider audience online.

The third area we want to work on is implementing AI in our app to help recommend exhibitions to our users. Our goal is to help users discover new artists, exhibitions and art styles that they will like.

The fund raised through the campaign will be allocated as follow:

· 20% marketing

· 25% developing our virtual exhibition platform

· 25% AI integration

· 30% expansion to the rest of Europe and North America.

Investor Perks

The Lichtenstein Lot - £10
● Special thank you email and mention on the website, Welcome to the Yamo
family.

The Cezanne Crew - £30
● Special thank you email and mention on website, Welcome to the Yamo family.
● Special newsletters (custom gallery trails + info on private views and events)

The Bacon Batch - £50
● Special thank you email and mention on website, Welcome to the Yamo family.
● Special newsletters (custom gallery trails + info on private views and events)
● Early access to virtual exhibitions / first chance to buy

The Basquiat Bundle - £100
● Special thank you email and mention on website, Welcome to the Yamo family.
● Special newsletters (custom gallery trails + info on private views and events)
● Early access to virtual exhibitions / first chance to buy
● Early access to special store items (such as monthly exhibition tickets/art fair
ticket giveaways/donated prints by artists)

The Abramović Army - £500
● Special thank you email and mention on website, Welcome to the Yamo family.
● Special newsletters (custom gallery trails + info on private views and events)
● Early access to virtual exhibitions / first chance to buy
● Early access to special store items (such as monthly exhibition tickets/art fair
ticket giveaways/donated prints by artists)
● Discounts on all services

The Picasso Package - £1000
● Special thank you email and mention on website, Welcome to the Yamo family.
● Special newsletters (custom gallery trails + info on private views and events)
● Early access to virtual exhibitions / first chance to buy
● Discounts on all services
● Early access to special store items (such as monthly exhibition tickets/art fair
ticket giveaways/donated prints by artists)
● Monthly requests for custom exhibition advice (e.g. custom gallery trails)

Key Information

Debt

The company has an outstanding loan of £600,000 to a company controlled by the majority shareholders of gowithYamo. This loan is interest free.

The funds from this raise will not be used to repay the debt.

Asset transfer

Please note, the founders of the company recently transferred all assets of the company from Grandapps LLP to gowithYamo Ltd so that they are able to raise this equity through a Limited company.

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

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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 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 gowithYamo has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 13 November 2020 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 £998,802

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.

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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.

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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.

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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.

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