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BuildMyTalent

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BuildMyTalent is an online recruitment platform with an attached industry-specific social network.

130%
 - 
Funded 22 Sep 2022
£100,001 target
£130,611 from 146 investors
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Business overview

Location Hartwell, United Kingdom
Social media
Website buildmytalent.com
Sectors Recruitment & Procurement Digital Mixed B2B/B2C
Company number 12991554
Incorporation date 2 Nov 2020
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Investment summary

Type Equity
Valuation (pre-money) £900K
Equity offered 12.63%
Tax relief

SEIS

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Business highlights

  • 14,000 users since June 2021
  • Helping employers make effective recruitment decisions
  • In 2020, construction recruitment projected to be fastest-growing
  • Ambition to exit via trade sale in 4-5 years
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Key features

  • Secondary Market
  • Nominee investment min. £10.80 +
  • Direct investment min. £25,000.00 +

Idea

Introduction

Collabed started in November 2020 during the Covid-19 pandemic. Our aim is to bridge the gap between University and the Workplace as well as help solve the skill shortage within the Construction Industry. Our company was founded by Alex Ramsden who has 8 years of experience within the construction sector.

Collabed offers job adverts to companies and recruiters within the construction industry. We also screen candidates with plans to use AI/Profile matching to match candidates to jobs. We believe that the industry experience that our team brings to our business, as well as our advisory board, is what will set us apart from traditional job boards.

Our aim is to be the go-to recruitment platform for the construction industry within the next 4 years, offering quality candidates quickly and at a reasonable cost.

Substantial accomplishments to date

Back in April 2021 we ran a Crowdfunder campaign. We raised £6,200 from our community to launch the website. Since launching that website in May 2021 we have had over 12,500 sign ups to the social network/job board.

Since inception we have made contacts within the industry, working alongside several companies and forming partnerships with institutes such as the Chartered Institute of Architectural Technologists. Collabed has also raised money for charities within the construction sector, hosting a quiz to raise money for the Architects Benevolent Society and CIOB Assist charities in November 2021.

We also intend to use Indeed/Glassdoor and LinkedIn to bring additional candidates to the jobs on the site. We have started this process with Indeed to help grow our recruitment platform.

Our founder Alex Ramsden was one of the winners of the Young Entrepreneur scheme (hosted by Virtually There) in 2021. He has also pitched Collabed to the University of Northampton winning two grants totalling £7,500 with the latest being awarded in February 2022 worth £6,000.

Although Alex has years of experience within the construction industry. We felt that it was sensible to bring on advisors to fill in gaps of knowledge. These advisors come from several industries and bring a range of expertise to the business.

Monetisation strategy

When the Collabed platform is fully live, job ads will be sold to recruiters and companies within the construction industry. A standard job ad will likely cost around £200 and will go live on the site for 30 days. All candidates that apply to the job will answer questions by text and voice and the employer can then see all responses as well as their CV.

Collabed intends to use LinkedIn and Indeed to increase the candidate pool so that the strongest candidates are presented to the employer.

We are aiming for an exit in 4-5 years either to a recruitment tech company or an existing job board.

There are other revenue streams that we intend to explore in the future. For example, Collabed could look to monetise the user base by offering premium subscriptions, allowing companies to advertise on the site, charging for learning courses and taking a percentage of sales from a freelancer marketplace.

Use of proceeds

We plan to use these funds to reach new clients to scale revenue and continue to develop the recruitment platform.

The breakdown of these funds are as follows:

35% - hiring a B2B and account manager

30% - marketing

25% - website development

10% - services such as social media management

Key Information

Tax Relief

The company has £150,000 SEIS allowance for this round. The first £20,000 reflected in the campaign is not eligible for SEIS. Therefore those investing until the campaign progress bar reaches £170,000 will be eligible for SEIS, and funds raised after this amount will be EIS.

Debt

The company has a £25,350 loan from the founder which doesn't accrue interest and will be repaid when the business is in a position to do so.

The funds from this round will not be used to repay this loan.

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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

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 £900,000

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

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.

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.

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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