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Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.
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Technology

SKOOT

Status: Funded

Jul 20th 2021 - Aug 19th 2021

Capital at risk

SKOOT is a platform that connects friends who need lifts or errands, with friends who can help. The app auto-calculates fares for lifts taken and splits the costs. It also permits users to organise, request and arrange errands or simple favours from friends for free or a £5 tip. SKOOT claims to be the only carbon negative green navigation app for drivers. The company argues that it has also taken up the '1 Million Tree Challenge' and plants a tree for every journey on the platform. SKOOT is live on the Apple App Store and Google Playstore, with more than 18,000 users. It aims to become a contender in the ride-hailing industry that is worth $85.8 billion. SKOOT states it has raised £3.1 million from investors, won £75,000 from Innovate UK, and completed over 1,200 tasks to date using its 'Errands' feature launched during the COVID-19 pandemic. SKOOT states they will use the investment to extend its product, create more revenue streams and increase user activation across the EU, USA, Australia and Canada by early 2022.
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Crowdcube Technology EIS
Visit Pitch on Crowdcube More about Crowdcube

SKOOT Rating Review

Pitch rating powered by CROWDRATING™

Rated on 17/08/2021

Pitch Rated

82%

Gold

Management

77%

Product

86%

Investment

82%

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    Log in to view target

    £14,726,829
    pre-money valuation

    2.71%
    equity available

    264
    investors

    £1,553
    pledge per investor

    11982528
    company number

    Active
    company status

    07/05/2019
    incorporated 5 years

    £11.63
    share price

    Previous Funding rounds
    25 Apr 24 Crowdcube £409,913 / 137% 81.67%

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 77%

Skills 73%
The 'SKOOT' management team comprises skilled professionals whose published LinkedIn profiles include expertise in management, technology, sales, and marketing. They have an experienced team in place that consists of a Founder/CEO, Founder/CMO, and CTO. The Founder/CEO is proficient in start-ups, mergers & acquisitions, business strategy, portfolio management, management consulting and financial analysis. He also has prior experience working at the same stage of business growth. The Founder/CMO is competent in integrated marketing, brand management, new business development, corporate communications, copywriting, brand architecture and social media marketing. The CTO is skilled in IT strategy, business strategy, enterprise architecture, IT governance, cloud commercial models, estate rationalisation, road mapping, enterprise planning, and strategy definition alignment.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £14,726,829
    pre-money valuation

    2.71%
    equity available

    264
    investors

    £1,553
    pledge per investor

    11982528
    company number

    Active
    company status

    07/05/2019
    incorporated 5 years

    £11.63
    share price

    Previous Funding rounds
    26 Apr 24 Crowdcube £409,913 / 137% 81.67%
  • 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

Risk Warning - Summary

Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.

Take 2 minutes to learn more.

Investing in equity and debt crowdfunding involves high risks, which may include long-term investment horizons, illiquidity, lack of income, defaulted loans and potential dilution. Any investor needs to be in the position to afford a total loss of capital invested. Investments that are made via Peer to Peer platforms should not be considered deposits like a bank. Your capital is at risk and is not covered by the Financial Service Compensation Scheme (FSCS).

NextFin is targeted at members who have the knowledge and experience to understand these risks and make their own investment decisions. You will NOT invest through NextFin but through the relevant crowdfunding website which also has signed off the content as a Financial Promotion on its own website. NextFin is not the originator of the financial promotions that appear on its site. However we do to the best of our ability carry out limited compliance checks on the originator and the company seeking funding to seek to ensure they are conforming to FCA regulations and anti-money laundering equity/requirements as appropriate. Business Agent Limited, trading as NextFin, takes no responsibility for this information or for any recommendations or opinions made by the companies or its users.

The pitch rating report prepared by CrowdRating and published on NextFin.co.uk does not constitute a personal recommendation, offer or solicitation to buy or sell investments. The pitch rating report should be used as part of your own research to assess whether or not you should make an investment, but only as a single factor and not as a definitive source. If you require advice based on your personal circumstances or are in any doubt about investing, you should obtain advice from an appropriately qualified independent professional. Pitch rating reports are based on publicly available information, including information provided by the investment issuer. CrowdRating assesses that third party information without verifying its accuracy and does not make any representation or warranty as to the accuracy of the information on which it bases its assessments. CrowdRating’s responsibility for their contents is set out in the CrowdRating Terms and Conditions. Business Agent has not prepared or reviewed the contents of the pitch rating reports and is not responsible to you for their contents. Nothing in this Summary shall limit or exclude any liability CrowdRating owes to you under the UK regulatory system. The information and opinions are provided as at the date of the report and are subject to change without notice.

Capital invested in crowdfunding projects is at risk and you may lose some or all of your investment and/or find it difficult to sell. If the investment issuer defaults on its obligations to you, you will not be entitled to compensation from the Financial Services Compensation Scheme. You should only invest in illiquid securities as part of a diversified investment portfolio. Neither CrowdRating nor Business Agent offers personal recommendations on whether investments are suitable for you in light of your investment objectives and financial circumstances.

Click here for our full risk warning.

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