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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

what3words

Status: Funded

Aug 4th 2020 - Aug 7th 2020

Capital at risk

what3words is a company whose mission is to make finding and sharing exact locations a simplified task. It has divided the world into 3m squares and given each square a unique combination of three words. what3words is backed by organisations such as Mercedes-Benz, Intel Capital and Sony Innovation Fund. The company's app provides a precise location to drones, driverless cars and voice-controlled devices, in turn, boosting businesses. Emergency services and NGOs are also using what3words for critical services and saving lives. Till date, the company has received over £50 million of funding and was the 'App of the Day' in 143 countries. The company will use the investment to become a global standard for communicating location.
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Crowdcube Technology
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what3words Rating Review

Pitch rating powered by CROWDRATING™

Rated on 06/08/2020

Pitch Rated

53%

Insufficient Data

Management

83%

Product

76%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

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    Log in to view target

    £150,624,023
    pre-money valuation

    0.66%
    equity available

    10,376
    investors

    £690
    pledge per investor

    08430008
    company number

    Active
    company status

    05/03/2013
    incorporated 11 years

    £3.47
    share price

    Previous Funding rounds
    18 Apr 24 Crowdcube £7,155,716 / 716% 53.00%

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%
The management team of what3words has a team of over 100 people and certainly covers all the major roles that are required to run the business. The Founder/CEO is skilled in Entrepreneurship, Management, Touring, and Production of live music. He has also received various awards such as the Top #100 Disruptive Entrepreneur award in 2019, the D&AD Black Pencil award in 2016, the EY British Accelerating Entrepreneur award in 2016, the Tech Museum of Innovation - Sobrato Organization Economic Development Award in 2015 and the Grand Prix for Innovation, Cannes Lions International Festival of Creativity award in 2015. The Co-founder/CCDO is skilled in Public Speaking, Operations Management, Operating Systems Design and Financial Management. The Chief Technical Officer is a professional C++, Python, Visual Design, Artificial Intelligence, Algorithms and Software Development specialist. The Chief Marketing Officer of the company is competent in Integrated Marketing, Marketing Strategy, Digital Strategy, Interactive Marketing and Brand Development. The Finance Director's skills include Strategic Planning, Financial Accounting, Financial Analysis Financial Reporting and being a qualified Chartered Accountant.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £150,624,023
    pre-money valuation

    0.66%
    equity available

    10,376
    investors

    £690
    pledge per investor

    08430008
    company number

    Active
    company status

    05/03/2013
    incorporated 11 years

    £3.47
    share price

    Previous Funding rounds
    18 Apr 24 Crowdcube £7,155,716 / 716% 53.00%
  • 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.

Click here for our full risk warning.

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