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IntelAgent is a multi award winning 'digital assistant builder' used to automate services and processes.

164%
 - 
Funded 20 Jul 2022
£300,015 target
£497,850 from 656 investors
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Business overview

Location London, United Kingdom
Social media
Website www.wbb.ai/
Sectors SaaS/PaaS Digital B2B
Company number 10899737
Incorporation date 4 Aug 2017
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Investment summary

Type Equity
Valuation (pre-money) £7.5M
Equity offered 6.18%
Tax relief

EIS

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Business highlights

  • Voted best Public Sector Automation firm 2021
  • Voted World's top 5 utility digital assistant platform 2021
  • Major Financial Services, Utility, Government & Transport clients
  • Year on Year Annual Recurring Revenue (ARR) growth *
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Key features

  • Secondary Market
  • Nominee investment min. £18.13 +

Idea

Introduction

Our multi award winning no code IntelAgent platform makes it easy for organisations of any size to rapidly build and launch AI powered digital assistants, in any language.

All organisations waste time/money on inefficient processes that could be automated. Inefficiencies take time away from serving customers, which costs UK businesses £37bn a year.

Our mission is to eradicate inefficient processes by placing AI powered digital assistants in the hands of all businesses.

We're deployed across the government, utilities, education, transport, financial, third and leisure sectors, and we believe that we have the potential to automate up to 60% of front and back office tasks.

We were recently voted 'Best public sector automation firm 2021' AND a 'Top 5 global utility chatbot platform 2021'.

Having recently hired an ex IBM'er as our Director of Product, and enlisted the SaaS growth services of an ex member of WeWork London’s founding management team, we believe that we're in a very strong position to scale globally.

Substantial accomplishments to date

We have won quite a few awards, and been accepted on to lots of accelerators throughout our journey. We have also picked up some global accreditations, global clients, and been listed on many of the UK Government's most recognised procurement frameworks. Here's a recap of what we've been up to:

1. Revenues...
£1.73m overall revenues generated*
Consistent Year on Year ARR growth*

2. Sectors...
Government
Utilities
Transport
Financial Services
Leisure
Charities
Education

3. Partnerships...
Agilisys
8x8
Boxxe
Fujistu

4. Product...
Hired ex IBM 'master inventor' as Product Director
100% self serve sign up capability completed
Gartner Magic Quadrant NLP integration completed
DevOps work for infinite scaleability completed

5. Awards...
StartUp of the Year Winner (Welsh Start Up Awards)
Technology Start Up of the Year (Sir Michael Moritz Award)
Tech Nation Rising Stars Winner
Best Public Sector Automation Firm 2021
Top 5 Global utility chat bot platform

6. Accelerators...
Oracle Cloud Accelerator
Tech Nation Applied AI Accelerator
PwC Transport Scale Accelerator

7. Accreditations...
ISO27001
Cyber Essentials

8. Government Frameworks...
GCloud
SPARK
AI
Automation

9. Coverage...
Forbes
BBC
ITV
TechNation

Lots done already! But this is WBB's breakout year. We have recently won two global clients, proving we have the scalability and sector agnostic capabilities to deliver on the biggest stage. With our growth strategies now embedded, we believe WBB is primed to grow rapidly in coming years.

Monetisation strategy

We play in the B2B Enterprise SaaS space, with 90% of revenues coming from recurring product license fees.*

About 10% of our revenues come from professional service fees such as integration, support and training.*

Recent product work means we also have a low level entry product which is 100% self serve, and the revenues from this model are 100% license fee with no professional services or support fees.

There are significant upsell opportunities, and our typical enterprise licenses are 3 years in length. As yet we have had zero churn on our contracts of this length.

*based on unaudited management accounts

Use of proceeds

A breakdown of use of proceeds is below:

We have 2 big opportunities that will take some new product development for global organisations in the unified comms and utilities sectors. These developments were already in our roadmap but will need expediting to capitalise on these potentially huge opportunities - £50k

Direct sales and marketing for 12 months as we scale our SaaS sales across bottom, mid and top tier clients - £100k

Partner onboarding/ facilitation - £20k over 12 months

Quality Assurance/ Software Tester to ensure we scale with product stability - £50k p/a

Operational Expenses contribution (runway addition) - £80k

=£300k.

Key Information

The company has the following outstanding loans:

£48,000 bounce back loan at an interest rate of 8% per annum. The loan was taken out on the 6th of May 2020 and is to be repaid on a 'pay as you grow' scheme.

The funds raised from this investment round will not be used to repay these loans.

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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

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 We Build Bots has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 8 June 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 £7,501,052

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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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Secondary market

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Direct investment

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