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Tala Thrive

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AI mental health platform offering culturally competent care through video calls and self-led programs

146%
 - 
Funded 19 Jun 2024
£150,017 target
£220,964 from 193 investors
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Business overview

Location London, United Kingdom
Social media
Website www.talathrive.com
Sectors Healthcare Digital Mixed B2B/B2C
Company number 14703044
Incorporation date 3 Mar 2023
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Investment summary

Type Equity
Valuation (pre-money) £2.5M
Equity offered 8.06%
Tax relief

SEIS

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Business highlights

  • Hundred + on waitlist - with no paid marketing
  • 40+ therapists and coaches already onboarded
  • B2B pilot in discussion with global financial institution
  • Featured in The Guardian and Evening Standard
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Key features

  • Secondary Market
  • Nominee investment min. £37.00 +
  • Direct investment min. £10,000.00 +

Idea

Introduction

Tala Thrive is a mental health platform. Offering culturally competent care from therapists and coaches who understand your culture, language, and/or religion through video calls and self-led programs. Because you shouldn't have to educate your therapist about your culture - you should have a practitioner who just 'gets it’.

* based on internal calculations using published data on populations.

Substantial accomplishments to date

Key traction in the past few months:

- Team of 9 all working for equity and not taking a salary

- Have over 40 therapists and coaches onboarded with many more on the waitlist

- Featured in the Guardian and London Evening Standard newspaper

- Launched our first product and have great response with initial user testing

- Held our first in person event (which was oversubscribed) at The Conduit members club with 70+ attendees and 3 panelists from the BBC, marketing industry and a footballer

- Hundred + people on the waitlist with no ad spend

- In conversation with a global financial institution regarding running a pilot project for employees.

Monetisation strategy

We are currently earning revenue via commission on each session however, from Q3, we aim to be offering B2B subscriptions for employee benefits. Later this year, when our V2 and native app is live, we will be working on a monthly subscription model for our self work programs and AI daily voice check-ins. Users can then add on top for therapy/coaching sessions.

In 2025, our goal is to partner with insurance companies to get rebated. Meanwhile, in Australia we will be able to start getting customers who are getting rebated by the government, as all the customer needs to do is answer our short questionnaire, pick a therapist, provide their GP with the therapist's name, and they get 10 sessions per year heavily subsidised or free.

Use of proceeds

30% of our funding will go to tech and product, this is to hire more so that we can scale and launch our V2 later this year. The other main areas are marketing and sales. The remaining 10% will go to other operational costs.

Investor Perks

£50 - £500 - 30% off first 3 therapy or coaching sessions on Tala Thrive & priority access to our self-led programs

£500 - £5,000 - 50% off first 5 therapy or coaching sessions on Tala Thrive & priority access to our self-led programs

£5,000 - £20,000 - 5 free therapy or coaching sessions on Tala Thrive & priority access to our self-led programs

£20,000 + 10 free therapy or coaching sessions on Tala Thrive & priority access to our self-led programs

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 and listed above. 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 first £220,000 invested in the round is eligible for SEIS tax relief and will be offered on a first come first serve basis.

Investments over £220,000 will be eligible for EIS.

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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 campaign for Tala Thrive has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 15 May 2024 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 £2,500,090

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.

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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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