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Technology

HairFare

Status: Extended

Mar 1st 2021 - Apr 10th 2021

HairFare is an end-to-end hair and beauty chair rental platform that connects beauty professionals to salons, studios and barbershops across the UK. It asserts that the hair and beauty industry was worth £10 billion in 2018 and is set to increase. HairFare aims to be a contender in this segment. HairFare asserts that it has expanded to five cities within the UK with no marketing budget. The platform has featured in media platforms including The Barber Magazine, Islington Gazette, Startups of London, Business Daily, ITProPortal, ExBulletin, Compsmag, and LinkedIn News, to name a few. It will use 40% of the investment for creating its proprietary app, 40% towards marketing to increase the number of business owners and beauty professionals on the platform, 10% towards setting up its merchandise line, and 10% towards establishing the HairFare Academy.

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HairFare Rating Review

Rated on 08/03/2021

Pitch Rated

76%

overall

Management

74%

Product

74%

Investment

81%

Pitch rating powered by CROWDRATING

  • £57,736
    pledged
  • 115%
    of goal

    £50,001
    target

    £699,639
    pre-money valuation

    6.67%
    equity available

    147
    investors

    £393
    pledge per investor

    11805803
    company number

    Active
    company status

    04/02/2019
    incorporated 2 years

    Previous Funding rounds
    01 Mar 21 Seedrs £57,736 / 115% 76.33%

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 74%

Skills 82%
HairFare’s management team is relatively small, which comprises the two Co-Founders who are adept at marketing, finance, and engineering skills to the business. The first Co-Founder is an Aerospace Engineer who holds research, payments, regulations, and corporate finance skills. Given his financial expertise, he is likely to overlook the company finances. The second Co-Founder is a Chartered Surveyor who is capable of dealing in investment properties and related activities. He has previously worked in the rental space market and is likely to be responsible for managing the marketing aspect of the business. Two technical staff members also support the Co-Founders who have their relevant skills in software development, front-end development, responsive web design, and agile methodologies.

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Funding progress



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  • £57,736
    pledged
  • 115%
    of goal

    £50,001
    target

    £699,639
    pre-money valuation

    6.67%
    equity available

    147
    investors

    £393
    pledge per investor

    11805803
    company number

    Active
    company status

    04/02/2019
    incorporated 2 years

    Previous Funding rounds
    01 Mar 21 Seedrs £57,736 / 115% 76.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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