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Koor

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Koor is an app for the over 100 million choir singers. Beta app tried and tested with great feedback!

110%
 - 
Funded 26 Jan 2020
£100,000 target
£123,117 from 188 investors
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Business overview

Location Bristol, United Kingdom
Social media
Website koor.app
Sectors Content & Information Digital Mixed B2B/B2C
Company number 11802407
Incorporation date 15 Oct 2019
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Investment summary

Type Equity
Valuation (pre-money) £660K
Equity offered 14.38%
UK tax relief

SEIS

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Business highlights

  • Beta version of app released
  • Initial feedback has been phenomenal
  • Founder is an experienced conductor and software engineer
  • Building a team that includes specialists in Web Audio APIs
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Key features

  • Secondary Market
  • Nominee investment min. £10.02 +
  • Idea
  • Team
  • Updates
  • Investors 188
  • Discussion
  • Documents

Idea

Introduction

The choir is a brilliant example of the power of human collaboration.

When a group of people come together to sing, magic happens.

It doesn’t matter how tired or world-weary I am at the start of a rehearsal; I leave invigorated by the enthusiasm, the determination, the humanity of a diverse group of people coming together for the joy of making music as a community.

I am not alone. Globally, well over 100 Million people enjoy being part of a choir; all sorts of choirs, from classical and worship to show tunes and rock music.

And from my experience as a music director of multiple choirs, having conducted singers in the in the UK and across the atlantic, the majority of choral singers struggle to learn their music without the help of an audio practice aid. I got impatient waiting for someone else to come up with an elegant, enjoyable solution to this problem and so I built Koor; an app with a straightforward mission, making practice joyful!

Intended impact

While singing in a choir builds community, lowers stress and brings joy, learning complex music can be a lonely, stressful and demoralising experience.

By providing choristers with interactive recordings of professional singers, we aim to make practice more effective, efficient and enjoyable.

Koor can not only help with learning notes but also with improving pitch, rhythm, pronunciation and vocal technique.

We aim to:

○ help singers become more confident and more musical
○ support choirs in expanding the range and complexity of their repertoire
○ encourage more people to enjoy the joy of choral singing
○ enable music publishers to sell more of their catalogue of choral works to more choirs

Substantial accomplishments to date

We have built a prototype app and successfully tested it with over 200 singers and conductors. The Feedback we’ve received has been extremely positive.

‘This is the best choral aid I have used. It is great to hear all the parts with real singers, not a mechanised sound, and with my own part emphasised. Nearly as good as choir rehearsal!' - Carol

‘Great to have real voices; a much more appealing and interesting way of learning by ear. Absolute clarity of what comes before your entrance is key so the option to select other voice parts, individually, is particularly helpful.’ - Cath

'Easy to use, instinctive and with real voices too. The best I have found to date by a country mile!' - David

‘Fantastic to hear a human voice singing your part. Infinitely better than it being played by a synthesised instrument. Brilliant. Well done!’ - Hilary

'I have never come across such clear vocal parts in learning recordings. Having the words as well as the vocal line is so helpful, too. I would use Koor in preference to other learning tools that I have used up till now.' - Ann

‘A great concept. It is a luxury to have voices and words which takes rehearsal aids onto another level altogether. Thank you and looking forward to more!’ - Shona

‘It is a pleasure to listen to real voices rather than manufactured sounds. It means you can enjoy listening to the particular piece you are learning all the way through to get a feel for it before getting down to the tricky bits.’ - Sue

Monetisation strategy

We are particularly excited by three potential revenue streams:

○ subscription payments
○ advertising and sponsorship by music publishers
○ general advertising

When our advanced functionality is planned to be released, in about twelve months, we plan to have three levels of premium subscription:

£9 per month - a month-to-month subscription that can be cancelled at any time.

£86.40 per year (£7.20 per month) - users who sign up for an annual subscription will receive a 20% discount.

£72 per year (£6 per month) - we will offer a 30% discount for an annual group subscription. This rate is available to affiliate choirs who exceed a registration threshold of 20 subscriptions.

We plan for initial income to come from the sale of display ads.

We have identified three opportunities for display ads:

○ the full launch screen as the app loads;
○ a central block while audio is loading, and
○ a banner at the top of the screen when the user is engaging with the audio-player.

Use of proceeds

This SEIS round will provide initial working capital, enabling the company to

○ rent appropriate space to house our first recording unit
○ purchase and installation of isolation booths and recording equipment
○ hire the first employees
• singers
• pianists
• recording engineer/editor
• community engagement manager
○ complete the development required to take Koor from prototype to release
○ record content for app

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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

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This campaign for Koor has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 15 November 2019 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 £660,000

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