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Loom Club

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Building our community of locals through experiences we love.

108%
 - 
Funded 18 Dec 2023
£340,002 target
£370,432 from 164 investors
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Business overview

Location London, United Kingdom
Social media
Website www.loom.club
Sectors Travel, Leisure & Sport Non-Digital B2C
Company number 12894239
Incorporation date 21 Sep 2020
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Investment summary

Type Equity
Valuation (pre-money) £3.3M
Equity offered 10.00%
Tax relief

SEIS

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Business highlights

  • Impact-driven, local startup
  • Expert team and advisors
  • 10k+ local social media followers
  • Under construction opening in spring
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Key features

  • Secondary Market
  • Nominee investment min. £13.20 +
  • Direct investment min. £25,000.00 +

Idea

Introduction

Re-imagine community for a changing world.

Our neighbourhoods lack the amenities necessary for the rises of remote working and social isolation.

We believe our solution is simple yet powerful: our neighbourhood club where a community of locals exercise, co-work, and socialise under one roof.

Imagine starting our days with invigorating wellness classes; working remotely in vibrant spaces; and capping off our days with exciting curated events!

Most importantly, imagine a place to belong to; imagine a community to belong with.

With our proposition, we aim to challenge our indirect competitors with our home proximity, service bundling, and scalability.

Our vision is to start in our neighbourhood of Islington and build a local network in adjacent neighbourhoods.

Our team is made of Cornell, Harvard, and Imperial graduates advised by industry leaders like Miguel McKelvey, co-founder of WeWork.

Substantial accomplishments to date

- First site opening scheduled for spring 2024.

- Design underway by architects trained at Norman Foster who designed Apple stores.

- Lease agreed with landlord contributions amounting to £700k, including a £550k building fitout + £150k rent-free period, all without any equity arangement.

- Market traction with 10,000+ local followers on our instagram '@our.islington'.

- Generating early market traction with weekly events like yoga classes, kimchi making, and wine tastings before we officially open our site.

Monetisation strategy

In the future, we look to generate revenue through subscriptions and in-club purchases.

In addition to day passes, we will offer three types of monthly subscriptions to meet a wide range of needs. Please refer to our pitch deck for more information.

Our in-club purchases will consist of pre-packaged, plant-based foods, beverages, wellness classes, and curated events, such as cooking classes, comedy standups, films screenings, and gigs, among others.

Use of proceeds

Our crowdfunding reinforces our seed round and landlord contributions. It will be invested in the following components:

- 50% in Team: recruitment, training, and salaries

- 30% in Operations: service charge, utility bills, etc

- 20% in Marketing: digital and out-of-home ads

Investor Perks

Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

Key Information

Tax Relief

The Company has £250,000 amount of their SEIS allocation remaining prior to this round. £151,000 of investment reflected as part of the round is from investors who are ineligible for SEIS. As a result, SEIS allocation will be available up until the campaign bar reaches £401,100. Investment beyond this point is expected to be eligible for EIS tax relief.

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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

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 has been approved as a financial promotion by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), which is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. 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. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

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 £3,333,000

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

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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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