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WRAP

Status: Extended

Nov 27th 2020 - Jan 20th 2021

WRAP is a co-working hub for families to work, rest and play. The company argues that COVID-19 has led to the need for a space where work and leisure intersect. WRAP's premises consist of an upstairs section having shared and private offices. The downstairs section consists of a café, nursery and play centre. The company aims to be a carbon-neutral entity by implementing methods like using reusable nappies in the nursery to channelling 100% renewable energy system throughout the building soon. The company has gained support from cornerstone investors such as Penny Jones, Dave Stewart, and Ian Wood, who have experience in overseeing property and co-working facilities. WRAP will use 94% of the investment for refurbishing its building premises, 2.3% in marketing, 1% to setup digital tools such as Customer Relationship Management (CRM), 2% for legal assistance, and the remaining for getting regulatory approvals from Ofsted UK.

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WRAP Rating Review

Rated on 30/12/2020

Pitch Rated

75%

overall

Management

77%

Product

73%

Investment

74%

Pitch rating powered by CROWDRATING

  • £321,064
    pledged
  • 107%
    of goal

    £300,004
    target

    £1,950,589
    pre-money valuation

    13.33%
    equity available

    166
    investors

    £1,934
    pledge per investor

    12007546
    company number

    Active
    company status

    21/05/2019
    incorporated 2 years

    Previous Funding rounds
    27 Nov 20 Seedrs £321,064 / 107% 74.67%

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
Click here for more information on our ratings
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Management 77%

Skills 73%
WRAP has a skilled and diverse team covering the roles of operations, marketing, technical development, and creative head. The Managing Director leads the team, who is proficient in Problem Solving, Contract Negotiation, Tender Preparation, Value Engineering, and Construction Safety. Their Technical Director is skilled in Equipment Installation, Networking, Electrical repairs, Equipment Commissioning, and Control Systems Design. The company has not appointed a Marketing Head, and the responsibility for the same lies with their Operations Director. Their Operations Director has the skills to build the brand and increase brand awareness through Sales Management, Market Research, Online Advertising, Social Media, and Media Relations.

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Funding progress



  • £321,064
    pledged
  • 107%
    of goal

    £300,004
    target

    £1,950,589
    pre-money valuation

    13.33%
    equity available

    166
    investors

    £1,934
    pledge per investor

    12007546
    company number

    Active
    company status

    21/05/2019
    incorporated 2 years

    Previous Funding rounds
    27 Nov 20 Seedrs £321,064 / 107% 74.67%
  • 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