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Intelligent Internet Machines

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We make software that empowers everyday users with the ability to create studio-quality, animated content

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Funded 5 Nov 2020
€350,025 target
€396,841 from 0 investors
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Business overview

Location Antwerpen, Belgium
Social media
Website seedrs.iim.media
Sectors Entertainment Digital Mixed B2B/B2C
Company number BE0628.984.820
Incorporation date 28 Apr 2015
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Investment summary

Type Equity
Valuation (pre-money) €6M
Equity offered 5.51%
UK tax relief N/A
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Business highlights

  • Proprietary software and render engine with proven track record
  • Democratising and disrupting the animation industry
  • Preparing for consumer market launch for mobile applications
  • Technology selected to be used at the Tokyo 2020 (2021) Olympics
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Key features

  • Secondary Market
  • Nominee investment min. €27.14 +

Idea

Introduction

The rise of online social platforms has sparked a revolution in consumer generated and shared content. Consider the popularity of YouTube and Tik Tok, among others. While these platforms make effective use of video-sharing, animation is a highly attractive and powerful means of communication, that we feel has been left out of the trend. In our view, this is because there is a lack of online resources allowing people to easily create and share 3D animated content.

IIM is committed to empowering everyday users with the ability to produce and share animated stories through innovative, real-time 3D animation tools. Based on proven expertise in the field, IIM has responded to this need with the creation of Animachine, software specifically intended to enable easy-to-use, real-time animation production and interactivity on any device.

Our first product, Push! is planned to integrate the thrill and challenge of a multi-user game within a social sharing structure, and intended to implement A.I. and behavior data.

Substantial accomplishments to date

IIM has developed a range of real-time 3D software products that have been used in major events, television shows and productions.

The Animation Now platform was selected to be used to animate the Tokyo 2020 Olympic mascot.

Monetisation strategy

Like TikTok and Fortnite, ‘Push!’ and later Animachine are both intended to be free to use. However, as users begin to evolve their characters, they will be motivated to purchase digital assets and upgrades in our asset store. The bulk of revenue, however, is intended to come from advertising when the app begins reaching volume benchmarks.

A secondary stream of income is planned to be generated by licensing the Animachine platform to third party content developers and providers. For example, Animachine could function as the perfect upgrade for companies offering creative services in the “explainer video” market. Additionally, branded content and ‘brand takeovers’ from drink, sportswear and other companies can become a significant, supplementary revenue stream. We will also introduce an option where 3D artists sell customized characters, props and animated moves through our digital asset store from which we would collect a percentage of revenue.

Our planned strategy is shown here:

Use of proceeds

We are raising these additional funds to strengthen our team, launch a thorough marketing effort and further develop our product roadmap. Because we plan on taking a lead position in this emerging market, we will also need to invest in increasingly powerful A.I. and deep tech. Therefore, we foresee enhancing our R&D team with additional experts in that field.

Key Information

Debt

Please note that the following debts are outstanding:

1) €50k Subordinated Loan from Cofima which was taken out on the 23rd of October 2019. This loan accrues interest at 8% annually. This loan is to be paid back including accrued interest by the 31st of December 2022.

2) €50k Subordinated Loan from Herman Spliethoff which was taken out on the 1st of August 2019. This loan accrues interest at 8% annually. This loan is to be paid back including accrued interest by the 31st of December 2022.

No investor funds will be used for the repayment of these loans.

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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 Intelligent Internet Machines has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 25 September 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.

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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 €6,000,328

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