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Professional, Financial and Business

Equipsme

Status: Extended

Nov 10th 2020 - Dec 14th 2020

Capital at risk

Equipsme is on a mission to democratise health insurance by making it affordable for businesses of all sizes. The company cites data arguing that there has been a 53% increase in National Health Service (NHS) treatment waiting lists since 2012 due to the low reach of health insurance by conventional insurance companies. It aims to change this scenario. Equipsme offers flexible fixed-price packages to companies wherein employees are allowed to upgrade and add family members to their plan as per their pleasure. Members can also speak to a General Physician (GP) 24/7, and, if necessary, be referred to a consultant for diagnosis and treatment through the company's proprietary app. The company was felicitated with the 'Best New Product' award by Cover Magazine Excellence Awards 2019. The company will use the investment to enhance its user experience, ensure its technology remains market-leading, and scale its marketing and customer service capability.
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Seedrs Professional, Financial and Business EIS
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Equipsme Rating Review

Rated on 20/11/2020

Pitch Rated

78%

overall

Management

84%

Product

79%

Investment

70%

Pitch rating powered by CROWDRATING™

  • £286,096
    pledged
  • 238%
    of goal

    £120,000
    target

    £11,869,634
    pre-money valuation

    1.00%
    equity available

    266
    investors

    £1,076
    pledge per investor

    10652765
    company number

    Active
    company status

    06/03/2017
    incorporated 4 years

    Previous Funding rounds
    10 Nov 20 Seedrs £286,096 / 238% 77.67%
    30 Jun 20 Crowdcube £879,204 / 176% 78.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own     50-64%
    Room for improvement     65-79%
    Worth considering     80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 84%

Skills 82%
The management team includes skilled professionals with expertise in their functional areas, which will streamline its overall operations. The Co-Founder/Managing Director is competent in Management, General Insurance, Risk Management, Sales, Business Strategy, and Commercial Insurance. The company's Chairman specialises in Management, Start-ups, Business Strategy, and Entrepreneurship. The Co-Founder/Distribution Director is skilled in Change Management, Stakeholder Management, Performance Management, Insurance, Customer Retention, and Business Development. The Co-Founder/Commercial Director is skilled in Business Analysis, Underwriting, Health Insurance, Account Management, and Relationship Management. The Co-Founder/Financial Director has skills such as Strategic Financial Planning, Business Process Improvement, Auditing, Financial Analysis, and Financial Modeling. The Technical Operations Director is competent in Claims Management, Business Strategy, Operations Management, Performance Management, and Underwriting.

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Funding progress


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  • £286,096
    pledged
  • 238%
    of goal

    £120,000
    target

    £11,869,634
    pre-money valuation

    1.00%
    equity available

    266
    investors

    £1,076
    pledge per investor

    10652765
    company number

    Active
    company status

    06/03/2017
    incorporated 4 years

    Previous Funding rounds
    10 Nov 20 Seedrs £286,096 / 238% 77.67%
    30 Jun 20 Crowdcube £879,204 / 176% 78.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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