Just wondering if they have one.
It seems to me community forums play an important role when it comes to reinforce the engagement of community members and crowdfunding investors. And to keep them on the loop. Iām not saying itās the only or the best way to do it.
Also, being a potential investor I could register to the forum, read the posts and by doing so āfeelā the room, have a sense of the mind set, the goals they want to achieve and the paths they are choosing, and how people are reacting to itā¦
Havenāt down as deep a dive on UJ - they seem to be focusing on renters and tenants who want to protect their stuff or deposits. Nice niche, especially in current housing market, but may be a bit more limiting long-term.
Iām Sima and from the team at Wrisk. Weāve taken an active decision not to open an official community for a couple of reasons. For our investors, we have an active forum via the Seedrs channel where investors leave questions / make comments as needed. These are responded to pretty quickly.
Weāve chosen not to open a community such as this one, not because we donāt see the value - itās more down to capacity and focus. Weād love to have one, but donāt feel its quite the right time for us just yet. However, as we say at Wrisk, āthings changeā ā¦
It does. I think I get it. Life is made of choices. And priorities. Hey, I may even get to ask the Wrisk team a question in your Seedrs channel if I decide to invest.
I wish you success regardless of my choices.
Btw Iāve read all your blog posts last night. So far I like what Iāve read. Looking forward to access your pitch deck
Amazing write up! I invested in the first round a while ago. The below shows how theyāre different, guessing thereāll be an updated page like this in the new pitch deckā¦
Thanks for the info @Rob14.
Since you invested in them in the first round, how happy are you with it? How about your previous and current expectations?
Thanks
Generating income but guessing growth was slower than forecast
It looks like the share price has remained unchanged since the first raise - some very material convertible loans/equity
Raise is for Ā£750k with Ā£2.25m coming from institutional investors (they canāt disclose who yet)
Two investors have invested Ā£100k each. I wonder if these are the co-founders? I donāt know but it would be good if related party transactions were made clear.
Seems like a strong proposition with a fairly reasonable valuation (great for new investors, not so much for early investors). For example crate brewery has a pre money valuation of Ā£12m compared to Wrisks pre money of Ā£13m - completely different businesses but interesting how companies value themselves.
As always do your own research. Crowdfunding is particularly high riskā¦
The company valuation was ~ Ā£7m for the first round. When you add on the second crowdfunding round (equity convertible) and other equity and loan convertibles you get to the current Ā£13m valuation.
So effectively no return on investment to date (I think).
The share price for this third round remains the same at Ā£2.44. As a member of this community, you will understand investing in start-ups is not without risk, and so maintaining our share price is a positive in its own right, as its also possible for the price to go down.
Please access the campaign on Seedrs from Monday to see the full details
I thought they would have raised a series A by now to be honest, with some kind of uplift. But no uplift is better than a company being greedy and not getting much funding!
The customer numbers are a little lower than expected, which is reflected in the valuation. It seems like this round is better value than the first 2 as it sounds like theyāre close to getting that transformative series A now. (I havenāt got access to the latest pack yet to see the latest)
Iāve downloaded the app but havenāt taken out insurance, so canāt comment on the customer side.
Yes, disappointing but favourable to going belly up, I suppose. I didnāt really buy into it in the first round but put something in so as not to miss out. Hopefully it does well now.
I took a look at their pitch deck. Their forecast seem pretty audacious to me. If they manage to deliver OMG. And even if their growth is a bit slower it can still become something special. Still early to say though.
The way I see it the fact they maintain the share price may be a good thing for those investors who want to add to their position at the same price (lower price if one factors in inflation).
I hope they succeed
Yeah I think itās wise to take the forecasts with a pinch of salt! But it shows how the business could scale and that it could break even with around Ā£8.6m in sales
