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Status: Active

Feb 16th 2021 - Mar 18th 2021

Scribestar's Software-as-a-Service (SaaS) platform digitises and automates the documentation and compliance processes required for raising capital on stock markets such as IPOs, bonds etc. The platform intends to provide users with structured data format documents that can be machine-read and monetised. Scribestar aims to become a contender in the $22 billion Regulatory/Legal Technology markets. It argues that it is already active in the UK and has witnessed over 50 transactions on its system. It is also a part of the London Stock Exchange Issuer Services and CMS equIP with 4 years of verifiable commercial use and over £13 million received as investments. Scribestar asserts that its services are being regularly used by three law firms in the UK with more showing interest in its capability to function as a remote tool to manage the compliance documentation process. The company will use the investment to start its expansion in the US and other markets targeting law firms and deliver successful trials with stock exchanges.

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ScribeStar Rating Review

Pitch rating powered by CROWDRATING

Rated on 03/03/2021

Pitch Rated

56%

Insufficient Data

Management

87%

Product

80%

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

    £3,904,257
    pre-money valuation

    11.36%
    equity available

    732
    investors

    £1,180
    pledge per investor

    06935972
    company number

    Active
    company status

    17/06/2009
    incorporated 15 years

    £0.05
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £864,009 / 173% 55.67%
    Officers

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 87%

Skills 82%
ScribeStar was developed by two founders whose primary focus is on non-trading processes and today's problems in capital markets, allowing market participants to collaborate using structured data on capital markets transactions. The Founder is an Executive Chairman of Scribestar and has a background in investment banking and private equity. He helped prepare the business for fundraising, including setting up a back-end office, financial systems, marketing materials for the fundraising, and the company's legal structure. The CEO has expertise in building strong engineering teams, innovating minimum viable products, and evaluating technology businesses for strategic acquisitions and partnerships. He has an in-depth understanding of the capital market structures and the technology landscape across legal and financial services. The COO has unique knowledge of technology and regulatory trends in capital markets. He is driving ScribeStar work with exchanges, managing external relationships, and leading strategic initiatives that ensure ScribeStar stays ahead of the curve. It was noted that the CEO is also taking up the responsibilities of the product/technology head in the company.

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Funding progress

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days to go: Stretch investment: Withheld

Log in to view amount pledged

    Log in to view target

    £3,904,257
    pre-money valuation

    11.36%
    equity available

    732
    investors

    £1,180
    pledge per investor

    06935972
    company number

    Active
    company status

    17/06/2009
    incorporated 15 years

    £0.05
    share price

    Previous Funding rounds
    29 Mar 24 Crowdcube £864,009 / 173% 55.67%
    Officers
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph