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Technology

FounderTribes

Status: Extended

Mar 1st 2021 - Apr 10th 2021

FounderTribes helps budding entrepreneurs get access to advice, connections, and capital from established founders via its educational app. It argues that around 581 million people will never gain access to Venture Capital (VC) funding or avail meaningful entrepreneurial education. FounderTribes intends to change that and become a contender in the Education Technology (EdTech) market worth $5 trillion. Users can use the app to get personalised feedback from FounderTribes's community of seasoned entrepreneurs and investors, get actionable tips from industry-specific networks to work on problem areas, and avail alternative financing to start and scale their business. FounderTribes has raised £700,000+ as part of this round, onboarded over 400 investors and 500 mentors on its portal, and signed its first paying customer, Capital Enterprise, with £20,000 worth of subscriptions. It will use 76% of the investment for HR costs, 10% towards video content creation, 3% towards IT expenses, 2% towards marketing expenses, and 8% for general operations.

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FounderTribes Rating Review

Pitch rating powered by CROWDRATING

Rated on 05/02/2021

Pitch Rated

44%

Insufficient Data

Management

72%

Product

61%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Log in to view amount pledged

    Log in to view target

    £2,999,957
    pre-money valuation

    20.74%
    equity available

    87
    investors

    £9,264
    pledge per investor

    12967944
    company number

    Active
    company status

    22/10/2020
    incorporated 3 years

    Previous Funding rounds
    27 Mar 24 Seedrs £805,960 / 103% 44.33%

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

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 72%

Skills 91%
The team comprises individuals with a wealth of expertise in management, technology, finance, and marketing. The Co-Founder/CEO is a serial entrepreneur, consultant, and an educationist who specialises in venture capital, start-ups, mergers and acquisitions, and accelerator programmes. He had previously sold a real estate search engine business in 2016. The Head of Product is an engineer who has founded a mobile charging company. He specialises in the energy sector and has featured in the Forbes 30 under 30 list of 2019. The CTO is a developer and lead engineer who has expertise in start-ups and scale-ups across the IT sector. He is proficient in programming, agile methodologies, JavaScript, sales consulting, and post-delivery support. The Chief of Staff and Head of Marketing is adept at marketing, communications, events, programming and was honoured as one of Latina Magazine's Top Ten Women of the Year in 2003 for her efforts in addressing a racism issue in Vanity Fair magazine. The Head of Sales specialises in strategic marketing, business development and established his own company that produced music and sports viewing events in New York City. The Head of Operations and Finance is a recent graduate from London Business School and brings his managerial and analytical skills to the business.

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Log in to view amount pledged

    Log in to view target

    £2,999,957
    pre-money valuation

    20.74%
    equity available

    87
    investors

    £9,264
    pledge per investor

    12967944
    company number

    Active
    company status

    22/10/2020
    incorporated 3 years

    Previous Funding rounds
    28 Mar 24 Seedrs £805,960 / 103% 44.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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