Proportunity - Revision history

95.149.241.133 at 14:07, 20 August 2022

2022-08-20T14:07:33Z

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	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

94.119.64.0 at 16:01, 2 August 2022

2022-08-02T16:01:46Z

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>NicolasTr: Undo revision 13469 by NicolasTr (talk)

2022-08-02T12:44:18Z

Undo revision 13469 by NicolasTr (talk)

← Older revision		Revision as of 13:44, 2 August 2022
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	== Summary<ref name=":1">Source: Seedrs.</ref> ==		== Summary<ref name=":1">Source: Seedrs.</ref> ==

	* Convertible round with valuation cap of £36m.		* Convertible round with valuation cap of £36m
	* In excess of £115m debt and equity funding raised		* In excess of £115m debt and equity funding raised
	* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>		* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>

>NicolasTr at 12:42, 2 August 2022

2022-08-02T12:42:28Z

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	== Summary<ref name=":1">Source: Seedrs.</ref> ==		== Summary<ref name=":1">Source: Seedrs.</ref> ==

	* Convertible round with valuation cap of £36m		* Convertible round with valuation cap of £36m.
	* In excess of £115m debt and equity funding raised		* In excess of £115m debt and equity funding raised
	* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>		* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>

>Jeff at 13:17, 22 July 2022

2022-07-22T13:17:40Z

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	<references />		<references />
	[[Category:Thesis]]		[[Category:Thesis]]
			[[Category:Equities]]

>Jeff at 12:59, 22 July 2022

2022-07-22T12:59:46Z

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	== References ==		== References ==
			<references />
			[[Category:Thesis]]

>Seedrs: /* Team */

2022-07-03T11:22:20Z

Team

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	'''VP of Marketing'''		'''VP of Marketing'''
	[[File:Sarah Aird-Mash.jpg\|none\|thumb\|Sarah Aird-Mash]]		[[File:Sarah Aird-Mash.jpg\|none\|thumb\|Sarah Aird-Mash]]

			== Risks ==
			As with any investment, investing in Proportunity carries a level of risk. Overall, based on the key risks highlighted below, the degree of risk associated with an investment in Proportunity is higher than in a company that's trading on a public market.

			=== Early-stage investment ===
			Proportunity is at one of the earliest stages of the business lifecycle, and the failure rate of companies at that stage is usually much higher than those at a later stage.

			=== Illiquid investment ===
			The number of transactions in shares of private companies is usually significantly lower than in public companies, typically resulting in it taking longer to sell shares in private companies at a price that is at least equal to the price that the shares were bought at. Accordingly, the Proportunity investment opportunity is considered to be higher risk than more liquid companies.

	== References ==		== References ==

>Seedrs: /* Operations[1] */

2022-07-03T11:20:19Z

Operations[1]

>Seedrs: /* Summary[1] */

2022-07-03T11:00:31Z

Summary[1]

>Seedrs: /* Operations */

2022-07-03T10:57:57Z

Operations

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← Older revision		Revision as of 12:20, 3 July 2022
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	It's on a mission to help 1 million people onto the property ladder by 2030 and become the go-to home buying partner for everyone.		It's on a mission to help 1 million people onto the property ladder by 2030 and become the go-to home buying partner for everyone.

	Customers use its proprietary machine learning tech to find homes with high growth potential~~, reassuring them that they're making a smart investment for the biggest financial decision of their lives~~.		Customers use its proprietary machine learning tech to help find homes with high growth potential.

	By de-risking the homes that Proportunity lends on, it's able to offer its customers an equity loan that increases their home buying budgets by as much as £150k. Its loan effectively closes the affordability gap and enables its customers to buy the home they want now rather than save for another 5 to 10 years.		By de-risking the homes that Proportunity lends on, it's able to offer its customers an equity loan that increases their home buying budgets by as much as £150k. Its loan effectively closes the affordability gap and enables its customers to buy the home they want now rather than save for another 5 to 10 years.

	== Key accomplishments to date<ref name=":1" /> ==		== Key accomplishments to date<ref name=":1" /> ==
	Financed over £100m in property purchases to date<ref name=":0" />. This year, Proportunity has already helped finance almost £40m in property purchases, a 152% increase on the same period last year!		Financed over £100m in property purchases to date<ref name=":0" />. This year (i.e 2022), Proportunity has already helped finance almost £40m in property purchases, a 152% increase on the same period last year!

	* 200%+ year on year customer increase, helping 260+ people onto the property ladder		* 200%+ year on year customer increase, helping 260+ people onto the property ladder
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	== Customer experience<ref name=":1" /> ==		== Customer experience<ref name=":1" /> ==
	* Its tech helped its customers find homes outperforming the market by 100% ~~and minimised their risk~~. In the last three years, its London portfolio grew by 6.4% vs the market 3.2%.<ref>The figures are based on company data and management calculations.</ref>		* Its tech helped its customers find homes outperforming the market by 100%. In the last three years, its London portfolio grew by 6.4% vs the market 3.2%.<ref>The figures are based on company data and management calculations.</ref>
	*Among the top 10 mortgage lenders on TrustPilot, with 95% Great or Excellent rating.		*Among the top 10 mortgage lenders on TrustPilot, with 95% Great or Excellent rating.
	*Digitised the entire home finding and mortgage process through its online platform.		*Digitised the entire home finding and mortgage process through its online platform.
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	* Partnered with leading broker networks, including Brilliant Solutions, Finova & TMG and Finance Planning Group opening up a network of over 3,000 advisors.		* Partnered with leading broker networks, including Brilliant Solutions, Finova & TMG and Finance Planning Group opening up a network of over 3,000 advisors.
	== Monetisation strategy<ref name=":1" /> ==		== Monetisation strategy<ref name=":1" /> ==
	The market for households who rent, but want to buy is huge. Proportunity estimates it to be at around £938b in the UK alone. Its products have three revenue sources:1: Proportunity charges an upfront product fee.		The market for households who rent, but want to buy is huge. Proportunity estimates the market to be at around £938b in the UK alone. Its products have three revenue sources:

			1: Proportunity charges an upfront product fee.

	2: Proportunity receives monthly interest-only payments on the equity loans that it provides to its customers to get onto the property ladder.		2: Proportunity receives monthly interest-only payments on the equity loans that it provides to its customers to get onto the property ladder.
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	== Use of proceeds<ref name=":1" /> ==		== Use of proceeds<ref name=":1" /> ==
	~~We’ve~~ big plans to become the go-to home buying partner for anyone struggling to get on the property ladder. With ~~your investment~~, Proportunity will double down on marketing to put Proportunity in the best position to capture the £4.4b market gap left behind when the market's biggest player, Help to Buy ends in March 2023.		Proportunity has big plans to become the go-to home buying partner for anyone struggling to get on the property ladder. With additional funding, Proportunity will double down on marketing to put Proportunity in the best position to capture the £4.4b market gap left behind when the market's biggest player, Help to Buy ends in March 2023.

	Proportunity is also looking to expand its product range to bring two new products to market that aim to disrupt the broken borrowing system:		Proportunity is also looking to expand its product range to bring two new products to market that aim to disrupt the broken borrowing system:

	First, Proportunity plans to launch a 0% deposit mortgage~~. Yes, you read correctly, with no deposit at all, we're going to help people onto the property ladder and make buying as easy as renting~~.		First, Proportunity plans to launch a 0% deposit mortgage.

	Second, Proportunity aims to launch a 'rent to own' product to provide a pathway to homeownership for people who aren't mortgage ready. The product will enable its customers to find their dream home, move in now, and rent their way towards homeownership until they are in a position to buy. With its built-in savings and credit builder features Proportunity intends to help its customers become mortgage-eligible in 5 years or less.		Second, Proportunity aims to launch a 'rent to own' product to provide a pathway to homeownership for people who aren't mortgage ready. The product will enable its customers to find their dream home, move in now, and rent their way towards homeownership until they are in a position to buy. With its built-in savings and credit builder features Proportunity intends to help its customers become mortgage-eligible in 5 years or less.

	== ASA Key Terms<ref name=":1" /> ==		== ASA Key Terms<ref name=":1" /> ==
	This investment round is being raised by way of a convertible equity investment structure, in this case an "Advanced Subscription Agreement". All investors in ~~this~~ round are entering into Advanced Subscription Agreements on the same terms.		This investment round is being raised by way of a convertible equity investment structure, in this case an "Advanced Subscription Agreement". All investors in the round are entering into Advanced Subscription Agreements on the same terms.

	The key terms that apply to Seedrs’ Advanced Subscription Agreement (the "ASA") are set out below. This convertible differs in a few key ways from Seedrs' standard convertible instrument~~, so please read carefully~~.		The key terms that apply to Seedrs’ Advanced Subscription Agreement (the "ASA") are set out below. This convertible differs in a few key ways from Seedrs' standard convertible instrument.

	Conversion of the ASA:		Conversion of the ASA:
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	Conversion Price:		Conversion Price:

	On the occurrence of a Trigger Event, ~~your~~ investment will convert into shares at share price calculated as being the lower of the following:		On the occurrence of a Trigger Event, the investment will convert into shares at share price calculated as being the lower of the following:

	* £36m divided by the fully diluted equity of the Company immediately prior to or on the date of the Trigger Event in question; or		* £36m divided by the fully diluted equity of the Company immediately prior to or on the date of the Trigger Event in question; or
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	Conversion Share Class:		Conversion Share Class:

	On the occurrence of a Trigger Event, ~~your~~ investment will convert into shares of a class that depends on the Trigger Event in question (see the rights of the various share classes in issue below). Again these differ from Seedrs’ standard terms, so please review these carefully:		On the occurrence of a Trigger Event, the investment will convert into shares of a class that depends on the Trigger Event in question (see the rights of the various share classes in issue below). Again these differ from Seedrs’ standard terms, so please review these carefully:

	# On a Financing Round: the most senior class of shares issued as part of that round, provided that such class will have a 1x non-participating liquidation preference based on the ASA conversion price (ie. Series A Shares, Seed Preferred Shares, A Ordinary Shares or any new share class created for the purposes of the Financing Round)		# On a Financing Round: the most senior class of shares issued as part of that round, provided that such class will have a 1x non-participating liquidation preference based on the ASA conversion price (ie. Series A Shares, Seed Preferred Shares, A Ordinary Shares or any new share class created for the purposes of the Financing Round)
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	== Share Classes<ref name=":1" /> ==		== Share Classes<ref name=":1" /> ==
	~~The~~ company ~~currently~~ has four classes of shares, Series A Shares, Seed Preferred Shares, A Ordinary Shares and Ordinary Shares . The shares that investors will be receiving in this round will depend on how the ASA is triggered ~~(see further below)~~.		Currently, the company has four classes of shares: Series A Shares, Seed Preferred Shares, A Ordinary Shares and Ordinary Shares . The shares that investors will be receiving in this round will depend on how the ASA is triggered.

	The rights attached to the share classes are as follows:		The rights attached to the share classes are as follows:
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	* All of the above will convert into Ordinary Shares on an IPO		* All of the above will convert into Ordinary Shares on an IPO

	On conversion above, all affected shareholders shall be paid (where the Company has sufficient profit to be able to do so) a dividend equal to all accrued dividends. Where the ~~Company~~ has insufficient profit to pay those dividends in full, then any unpaid balance will be considered a debt of the Company to the relevant shareholders, unless waived by (i) the majority of Series A Share holders in relation to any dividends due to those shareholders and (ii) the majority of the Seed Preferred Shareholders in relation to any dividends due to Seed Preferred Shareholders and A Ordinary Shareholders.		On conversion above, all affected shareholders shall be paid (where the Company has sufficient profit to be able to do so) a dividend equal to all accrued dividends. Where the company has insufficient profit to pay those dividends in full, then any unpaid balance will be considered a debt of the Company to the relevant shareholders, unless waived by (i) the majority of Series A Share holders in relation to any dividends due to those shareholders and (ii) the majority of the Seed Preferred Shareholders in relation to any dividends due to Seed Preferred Shareholders and A Ordinary Shareholders.

	== Group Structure<ref name=":1" /> ==		== Group Structure<ref name=":1" /> ==
	Investors in this round are investing into and will become shareholders of Proportunity Limited, Company Number 10470755. The Company also has 4 wholly owned subsidiaries ~~which~~ sit beneath Proportunity Ltd.		Investors in this round are investing into and will become shareholders of Proportunity Limited, Company Number 10470755. The Company also has four wholly owned subsidiaries that sit beneath Proportunity Ltd.

	The subsidiaries are as follows:		The subsidiaries are as follows:
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	== Raise on Seedblink<ref name=":1" /> ==		== Raise on Seedblink<ref name=":1" /> ==
	As part of this funding round, the ~~Company~~ also ran a campaign on the Romanian crowdfunding platform, Seedblink. The campaign is now closed.		As part of this funding round, the company also ran a campaign on the Romanian crowdfunding platform, Seedblink. The campaign is now closed.

	The Company raised €174,000 from the Seedblink ~~campaign which is reflected in the Seedrs~~ campaign. The investment is on the same terms as offered in this campaign.		The Company raised €174,000 from the Seedblink campaign. The investment is on the same terms as offered in this campaign.

	The FX rate used for this reflection is 1 EUR = 0.859923 GBP.		The FX rate used for this reflection is 1 EUR = 0.859923 GBP.

← Older revision		Revision as of 12:00, 3 July 2022
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	== Summary<ref name=":1">Source: Seedrs.</ref> ==		== Summary<ref name=":1">Source: Seedrs.</ref> ==

	* Convertible round with ~~£36M Valuation Cap~~		* Convertible round with valuation cap of £36m
	* ~~Over~~ £115m debt and equity funding raised		* In excess of £115m debt and equity funding raised
	* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>		* Financed over £100m in property purchases to date<ref name=":0">The £100M property purchases financed is based upon the purchase price of homes bought using Proportunity. The figure includes £27.5M in outstanding offers which are yet to be fully completed.</ref>
	* Over 200% YoY in new customers, helped over 260+ home owners		* Over 200% YoY in new customers, helped over 260+ home owners
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	== Customer experience<ref name=":1" /> ==		== Customer experience<ref name=":1" /> ==
	* Its tech helped its customers find homes outperforming the market by 100% and minimised their risk. In the last three years, its London portfolio grew by 6.4% vs the market 3.2%. ~~(Figures~~ are based on ~~Company~~ data and management calculations).		* Its tech helped its customers find homes outperforming the market by 100% and minimised their risk. In the last three years, its London portfolio grew by 6.4% vs the market 3.2%.<ref>The figures are based on company data and management calculations.</ref>
	*Among the top 10 mortgage lenders on TrustPilot, with 95% Great or Excellent rating.		*Among the top 10 mortgage lenders on TrustPilot, with 95% Great or Excellent rating.
	*Digitised the entire home finding and mortgage process through its online platform		*Digitised the entire home finding and mortgage process through its online platform.

	== Team & investors<ref name=":1" /> ==		== Team & investors<ref name=":1" /> ==
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	* Partnered with leading broker networks, including Brilliant Solutions, Finova & TMG and Finance Planning Group opening up a network of over 3,000 advisors.		* Partnered with leading broker networks, including Brilliant Solutions, Finova & TMG and Finance Planning Group opening up a network of over 3,000 advisors.
	== Monetisation strategy<ref name=":1" /> ==		== Monetisation strategy<ref name=":1" /> ==
	The market for households who rent, but want to buy is huge. Proportunity estimates it to be at around ~~£938B~~ in the UK alone. Its products have three revenue sources:1: Proportunity charges an upfront product fee.		The market for households who rent, but want to buy is huge. Proportunity estimates it to be at around £938b in the UK alone. Its products have three revenue sources:1: Proportunity charges an upfront product fee.

	2: Proportunity receives monthly interest-only payments on the equity loans that it provides to its customers to get onto the property ladder.		2: Proportunity receives monthly interest-only payments on the equity loans that it provides to its customers to get onto the property ladder.