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Pre-emption

Stamplay

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Lego for Developers

View more details of this business.
100%
 - 
Funded 23 Nov 2016
£12,000 target
£12,200 from 50 investors
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Business overview

Location London, United Kingdom
Social media
Website stamplay.com
Sectors SaaS/PaaS Digital B2B
Company number 08168198
Incorporation date 3 Aug 2012
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Investment summary

Type Convertible
Discount 20%
Share price N/A
Tax relief N/A
  • Idea
  • Team
  • Updates
  • Investors 50
  • Discussion
  • Documents

Learn more about convertible campaigns.

Campaign funding history

  • Pitch closing date
    Funding round
    Raised
    Pre-money valuation
    Equity offered
    Equity
    Investors
  • 23 Nov 2016
    £12,060
    Convertible
    20.00% discount
    50
    View pitch
  • 12 Jan 2015
    £239,800
    £1,700,000
    12.36%
    226
    View pitch
View more details of this business.

Idea

Introduction

It's been almost one and a half years since everything started. Thanks to you, Stamplay has come a long way, joined 500Startups, and built a leading development platform with paying clients and customers like VISA.

Our newly released integration engine received great feedback when it was featured on Product Hunt (https://www.producthunt.com/tech/flows-by-stamplay).

Our developer community is 20k strong and we signed a $50,000 pilot with VISA and now have inbound interest by US Bank. This proved our decision to make the workflow side of our product stronger was right.

Sherman Hu, who kickstarted enterprise sales at LinkedIn, joins us in an advisory role to help structure the sale process. We started working on pilot projects with 3 customers.

After 500Startups we raised $500k additional capital to accelerate our go-to-market to acquire enterprise-grade customers and further develop the product. We hope you'll want to keep being part of our journey and join the pre-emption campaign.

Convertible Key Terms

They key terms that apply to the Stamplay convertible are set out below and should be read in conjunction with the document publicly downloadable in the 'Documents' section. Please note that this convertible differs from the standard Seedrs convertible instrument:

• Valuation cap – US$3.5m

• Discount - conversion at a 20% discount to the share price set by the Next Equity Financing, subject to the valuation cap.

• Interest – this convertible carries a right to interest at a rate of 4% per annum, compounded annually. However, the interest will not become due or payable during the period of the convertible. The interest will either be aggregated with the principle investment and converted to equity at the time of conversion or, at Stamplay’s option, the interest will be paid to investors at the time the principle investment converts to equity.

• Trigger events. There are three categories of events which would trigger a conversion (“Trigger Events”). The price of conversion depends on the type of Trigger Event. The Trigger Events and conversion prices are summarised in the table publicly downloadable from the 'Documents' section.

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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 Stamplay has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 11 September 2016 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 Convertible

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 convertible campaign allows you to invest today, with your investment converting into equity in the future, at a discount compared to other investors.

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.

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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