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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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Professional, Financial and Business

YoungPlanet

Status: Active

Feb 25th 2021 - Mar 25th 2021

Capital at risk

YoungPlanet enables parents to put their children's unused things to use with new families and away from landfills for free via its app. The company cites PwC data estimating the UK’s sharing economy to be worth £9 billion by 2025. It aims to be a contender in this segment. The company argues further that 10-year-olds in the UK will own on average 238 toys at any one time and yet play with just 12. This leads to UK households wasting over 25 million tonnes a year, with one-fourth of this number ending up in landfills as per the Department for Environment, Food and Rural Affairs (DEFRA). YoungPlanet aims to change this. It has onboarded 36,000 users on its platform to date and featured in press publications such as BBC News, Vanessa Feltz, and LadBible. YoungPlanet will use the investment to scale nationally, begin generating first phase revenue via brand sponsorship of events, branded gamification, and Business-to-Business (B2B) subscriptions for semi-closed communities via its app.
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Crowdcube Professional, Financial and Business EIS
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YoungPlanet Rating Review

Pitch rating powered by CROWDRATING™

Rated on 03/03/2021

Pitch Rated

79%

overall

Management

83%

Product

76%

Investment

78%

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    £6,501,962
    pre-money valuation

    5.11%
    equity available

    356
    investors

    £1,537
    pledge per investor

    08726977
    company number

    Active
    company status

    10/10/2013
    incorporated 11 years

    £0.56
    share price

    Previous Funding rounds
    25 Apr 24 Crowdcube £547,103 / 156% 79.00%

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 83%

Skills 91%
After working with businesses in the US, UK, France, Russia, and Turkey, and travelling to various countries with family, the Founder/CEO along with his wife (Co-Founder) came across the idea of a sharing platform for children’s stuff. The Co-Founder/CEO is a finance and marketing professional who has previously exited a drinks business (Orchard Pig) in 2017 with 14x returns. He has also featured in the cover story of Brandweek USA in 2009. The Co-Founder is a Communication Specialist for luxury and social brands. The COO is an Associate with expertise in market research, data analysis, software development, and machine learning. The part-time CTO is a software engineer who also owns his IT business in Croatia and specialises in JavaScript, algorithms, object-oriented designs, Amazon Web Services (AWS) among few others. A Founder herself, the Marketing Manager is proficient in project and event management, market research, digital marketing, social media, and e-commerce. She has dealt with B2B and B2C clients and is skilled to work with creative agencies and startups. The CEO who has a finance background is likely to overlook the company finances.

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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

    £6,501,962
    pre-money valuation

    5.11%
    equity available

    356
    investors

    £1,537
    pledge per investor

    08726977
    company number

    Active
    company status

    10/10/2013
    incorporated 11 years

    £0.56
    share price

    Previous Funding rounds
    25 Apr 24 Crowdcube £547,103 / 156% 79.00%
  • 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.

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