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WalkSafe

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WalkSafe+ Safety App helps users and employees avoid crime hotspots, plan safer routes and share journeys

142%
 - 
Funded 24 Oct 2022
£200,009 target
£449,843 from 153 investors
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Business overview

Location Chester, United Kingdom
Social media
Website www.walksafe.io
Sectors Home & Personal Digital Mixed B2B/B2C
Company number 10641845
Incorporation date 22 Feb 2017
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Investment summary

Type Equity
Valuation (pre-money) £999.6K
Equity offered 22.23%
Share price £10.61
Tax relief

EIS

Co investor Fearless

We provide embedded venture capital for founder led businesses

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Business highlights

  • The WalkSafe App has over 570,000 downloads
  • Backed by leading investors including ex-COO of Social Chain
  • Featured on the BBC, Sky News, CNN, Daily Mail
  • Revenue generating via branding deals and safety seminars
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Key features

  • Secondary Market
  • Nominee investment min. £10.61 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 153
  • Discussion
  • Documents

Idea

Introduction

We are WalkSafe, and our mission is to make the world a safer place for everyone.

Sadly, anybody can become a target of crime; dangers are a fact of life.

Our market research has shown that 4 out of 5 adults between the ages of 20 to 50 years old are greatly concerned about their safety when walking home late at night. And 68% of women worry about their personal safety at least once a week.

We believe awareness, knowledge & technology can help combat these ever-present dangers. That’s why we developed the WalkSafe App. With over 570k downloads, our App is used by those who want to keep safe 24/7, whether on a family walk, at leisure or coming home from work. By using police crime data, we’re helping users avoid recent crime hotspots and plan safer journeys.

But we are more than just an App. We are actively developing our business platform and safety seminars to help companies deliver their duty of care, as well as working on building partnerships with household names.

But we are more than just an App. We are actively developing our business platform and safety seminars to help companies deliver their duty of care, as well as working on building partnerships with household names. We have just launched our new partnership with Budweiser Brewing Group UK&I on a nationwide campaign to ‘get every Bud home safe’.

Substantial accomplishments to date

We are backed by Fearless Adventures who invested £100k at the start of the year. This campaign forms an extension to that round and we are delighted to be offering Seedrs investors the same terms as Fearless Adventures.

We are on track to deliver our 3-phase strategy.

Phase 1

We believe our aim of establishing media leadership has been achieved in the personal safety space.

Emma Kay, our founder, regularly features on TV, in newspapers and across social media as a leader in personal safety, making appearances on the BBC and Sky News. In June 2022, she launched ‘The TalkSafe Podcast’ Season 2, speaking to female founders and activists, as well as thought leaders in the safety space.

Additionally, Emma featured as a keynote panellist at MOVE and Ideas Fest 2022, hosted the successful event "Women Leading the Change in 2022”, and is a finalist at the Great British Entrepreneur Awards 2022.

Phase 2

Our WalkSafe consumer App has had 570,000 downloads. The new enhanced version, WalkSafe+, has a rating of 4.8 on the App Store, and mainstream publications such as Marie Claire and Stylist have published positive reviews.

The App provides a suite of personal safety tools, including street crime reports, a journey planner and the ability for trusted friends to view a user’s location and journey.

Our recent collaboration with Budweiser Brewing Group UK&I brings further awareness to the WalkSafe+ app, generating more downloads and allowing users to make informed decisions about their safety and feel confident when walking alone.

Phase 3

We are now developing additional products: cutting-edge safety awareness seminars (completed) and the WalkSafe business platform (in development).

Our WalkSafe Safety Awareness Seminars are delivered by senior ex-Scotland Yard detectives with advice from a former Deputy Assistant Police Commissioner. The WalkSafe business platform is being designed based on extensive and positive discussions with over 50 companies.

Monetisation strategy

We are focusing on three revenue streams for the business:

1. WalkSafe Business Platform: Our WalkSafe business platform will allow the newly launched WalkSafe+ App to be used by businesses to ensure their staff arrive home safely after work. This is especially applicable for out-of-hours workers and female professionals. Many companies have shown interest in paying for an integrated system so far.

2. Partnerships: We are in discussions with household names to advertise WalkSafe and appear on our App. Our most recent example is the partnership with Budweiser Brewing Group UK&I.

3. Safety Awareness Seminars: There is increasing media coverage and concern for employee safety walking to and from work. We have already taken our first booking for our safety awareness courses which feature senior ex-Scotland Yard detectives and leading experts in the field of safety.

Use of proceeds

Over the past 12 months, we have spoken with corporate businesses that recognise the need for a product that will help them deliver on their duty of care. These conversations have led to the development of the WalkSafe business platform.

The WalkSafe business platform is intended to enable staff to use the WalkSafe+ mobile App, while local managers monitor multiple employee journeys at one time to ensure their staff get home from work safely.

We intend to gather feedback from pilot studies to help refine the platform and we will be using funds from this raise to bring the product to market.

Allocation of Funds

47% Research and development of the WalkSafe business platform
22% Servers and operations
16% Marketing and sales promotion
15% Operational staff

Funds reflected as part of this round have been raised over the past 6 months and may have been spent in line with the use of proceeds set out above.

Key Information

Debt

The company has a directors loan from their chairman, Andrew Kay, totalling £15,000. This is interest-free and due to be repaid once the company is profitable.

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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.

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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 WalkSafe has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 13 September 2022 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 £999,568

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.

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Direct investment

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Business Involvement

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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.

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