Investors are treated as customers of Crowdcube and may therefore have the potential to be compensated out of the Financial Services Compensation Scheme in the event that Crowdcube should fail in the conduct of its FCA regulated activities. 3.2 Crowdcube has classified the Investor as a retail investor for the purposes of FCA Conduct of Business Rules. At any time prior to the expiry of the period specified out in the email sent by Crowdcube pursuant to clause 5.3 above, Crowdcube may cancel any order of Investment made by the Investor that Crowdcube deems, in its absolute discretion, to be malicious or otherwise detrimental to Investee or Crowdcube. They have facilitated crowdfunding raises for Monzo, Revolut, BrewDog, Freetrade and more. Instead you receive regular interest payments from the issuing company (the “Issuer”) and then return your initial investment back at the end of the mini-bonds term (the maturity). Breakthrough #4: Our first Funded Club exit. Help them Crowdcube’s client money bank account is a non interest bearing bank account. 14.1. and the Investor's use of the Crowdcube platform will be terminated. The Investor will be entitled to place a revocable order to subscribe for shares, debt securities or fund units in an Investee in any Pitch on the Website for a period (the "Offer Period") ending on the date specified by the Investee on the Pitch which may be updated from time to time and Crowdcube reserves the right to end Pitches early or extend the Offer Period in its absolute discretion. “We are looking at doing another liquidity event for Crowdcube holders,” said Revolut’s Hambrett. Once an order has been made firm with an Investee in accordance with this agreement, the Investor has entered into a contract with the Investee direct on such terms as are agreed with the Investee, and Crowdcube shall have no further obligations or involvement in the Investment unless otherwise notified to Investor. 1.1.5 any legal agreement presented on a Pitch (which may be with the Investee rather than Crowdcube), specific to a particular Investment that an Investor applies to invest in, including without limitation, the applicable bond instrument on a mini-bond pitch page, any applicable prospectus that may be presented to Investors or any applicable Fund Investment Agreement that may be presented on a Fund Pitch page. If Crowdcube terminates this agreement in accordance with clause 9.4 whilst the Investor has placed an order that has not been completed by the issue of shares in the relevant Investee, Crowdcube reserves the right to inform the Investee of the termination and take such steps as are necessary to ensure that the Investor's order is not completed. Need your help please Thank you! This means it is unlikely mini-bond investors, whose unsecured investment sits below all of the previously mentioned in the pecking order, will have their initial investment or outstanding interest payments returned to them after higher ranked creditors are compensated. 4.2. Nikolay and Vlad met in the City and share a strong passion to get rid of inexplicable foreign transaction fees and exchange rate markups. For the purposes of this clause 9(a)(iv), a “Security Interest” shall mean any option, mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, security, interest, retention of title or other encumbrance of any kind securing, or any right conferring, a priority of payment in respect of any obligation of any person or a contractual right to shares or to any asset or liability. Investing in a fund may help to diversify your investments and to spread the risk but general risks while investing in equity continue to apply. loss of investment It has also enjoyed two exits with Camden Town Brewery (sold to AB InBev) and E-Car Club (sold to Europcar) marking the first exits for crowdfunding investors. Learn more about Crowdcube here. Registration and agreement to these terms and conditions allows membership, which Crowdcube may terminate alongside and in accordance with this agreement. THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS. Fintech company Revolut is another Crowdcube success story. Please refer to the individual mini-bond documentation for full details of transferability. This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest. Crowdcube Capital Ltd is authorised and regulated by the Financial Conduct Authority (No. The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this agreement or its subject matter or formation (including non-contractual disputes or claims). 16.2. The Issuer has the right to repay you your money at any time prior to the formal repayment date. £9.99 a month on the Investor Service Plan Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only). 8.9 The Investor acknowledges that tax treatment depends on the individual circumstances of each Investor and may be subject to change in future. In the event that the Investor is connected with the Investee, he/she shall be deemed to have waived any right he/she may have to cancel his/her Investment pursuant to clause 5.3. 8.5. Crowdcube provides services relating to the arranging of the investment by the Investor in shares, debt securities or units in funds in or offered by the Investee (the "Investment"). Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear. Nothing in this agreement is intended to, or shall be deemed to, establish any partnership or joint venture between any of the parties, constitute any party the agent of another party, nor authorise any party to make or enter into any commitments for or on behalf of any other party. INVESTEE ARTICLES, BOND INSTRUMENT OR FUND DOCUMENTATION. Please click here to read the full Risk Warning. The Investor acknowledges that, as a consequence of him/her becoming a shareholder of an Investee, he/she shall be subject to the provisions of the Investee's Articles of Association (which constitute an agreement between all of the Investee's shareholders), bond instrument or fund investment agreement, which Articles of Association, bond instrument or fund investment agreement will include certain restrictions on the shares, bonds or fund units issued and certain rights and obligations will attach to such shares, bonds or fund units and fund investments. Further specific risks are set out on the applicable fund pitch page. Despite the relative infancy of the crowdfunding industry, Crowdcube has already delivered millions in financial returns to thousands of investors; from businesses that have funded on Crowdcube. In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan. Subject to clause 5.6, the contract to invest between the Investor and Investee is subject to the following completion conditions: 5.5.1 at least 90% of the initial target investment amount set out on the Pitch shall be received by the Investee from Investors unless Crowdcube determines, in its absolute discretion, that the investment amount confirmed or received is adequate in the circumstances; 5.5.2 the Warranties being true and there being no actual or contemplated material change to the Investee or the investment round, either before or after the expiry of the email set out in clause 5.3 above and prior to the issue of shares to Investors (whether change is material to be determined by Crowdcube in its sole discretion); 5.5.3 confirmation of satisfaction of any specific conditions set out in the Legal Review; and. 7.2. Mini-bonds are not insured by a third party nor are they protected by any governmental authority such as the Financial Services Compensation Scheme. Revolut is doing its crowdfunding round on Crowdcube, where investors can buy in from as little as £10. If a business you invest in fails, neither the company you invest in – nor Crowdcube – will pay you back you investment. (c) Crowdcube may determine in its absolute discretion whether or not to circulate a notification it has received from a Company to Investors. Investors will buy in at the same rate as institutions who have backed the startup. 8.1. Open a multi-currency account in minutes. The Investor acknowledges that Crowdcube approves each Pitch as a financial promotion but does not provide advice or any form of recommendation regarding the suitability or quality of the Investment. 5.12.3. a spouse, Civil Partner, parent, child, sibling of any person included in the categories set out at clauses 5.12.1 and/or 5.12.2. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access. Should an Investor have any complaints or queries about the services provided by Crowdcube or this agreement, they should contact Crowdcube on 01392 241319 or by writing to Crowdcube at the Broadwalk House (South), Southernhay East, Exeter, EX1 1TS. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. There will be no public offering of the Securities in the United States. 2.5. Crowdcube reserves the right to refuse in its absolute and sole discretion to permit an Investor to invest or subscribe for debt securities in an Investee. Despite the relative infancy of the crowdfunding industry, Crowdcube has already delivered millions in financial returns to thousands of investors; from businesses that have funded on Crowdcube. Seedrs was founded in 2012 as part of an MBA project from the Saïd Business School at the University of Oxford. 2.6. BI has contacted Revolut to see if it plans on raising the investment target on Crowdcube above £1 million. time. Investments of this nature carry risks to your capital as well as potential rewards. diversified portfolio. (c) Crowdcube shall hold any dividends or other monies due to an Investor in accordance with clause 8.14 of the Investor Terms. Make a difference and share in the success of British businesses that you believe in. Crowdcube is telling me they can’t do it. Most companies do not offer pre-emption rights for B Investment Shares. If the conditions in clause 5.3 or 5.5 are not satisfied for any reason, the agreement for investment between the Investor and Investee will not complete and Crowdcube will use its reasonable endeavours to arrange for the Investee to cancel the Investment made by the Investor and, if payment has already been made, require the Investee to return the Subscription Price to the Investor. In these circumstances, if the time period set out in the confirmation email to investors has expired, the contract to invest between the Investee and Investor shall not complete and there shall be no legally binding contract between the Investee and Investor. Seedrs could but would need revolut approval that they don’t have for now. Execution of agreements, taking all action, notifications and voting. relations portal. 1.2 In the event of a conflict between these Investor Terms and any prospectus or Fund Investment Agreement on a pitch, the prospectus or Fund Investment Agreement shall take priority. 3.2. AGREEMENT FOR APPOINTMENT OF CROWDCUBE CAPITAL LIMITED AS INVESTOR REPRESENTATIVE FOR NOMINEE DEALS, 1. Invest alongside Europe's leading venture capital firms, seasoned professional investors and the UK In 2015, a worldwide first saw seed investors in E-Car Club celebrate a full return on their investment as the company was acquired. 2.7. Any Investor who seeks to enforce any of the Warranties shall bear all costs incurred in connection with such enforcement. Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. (g) In the event that the Nominee is obliged to take or refrain from taking any action by any provision of the Company’s articles of association (or equivalent constitutional documents) (“Articles”) or a Corporate Document, Crowdcube may instruct the Nominee to take or refrain from taking that action (as the case may be) without requiring any further authority from Investors. If a Pitch is successful, the Investee will instruct Crowdcube to circulate a copy of the Investee's proposed Articles of Association, bond instrument or fund documentation to each Investor by email, and to request that each Investor inform Crowdcube by email within the time period specified in the email if they no longer wish to proceed with the Investment. (a) Subject to clause 10(b) of this Agreement, any notice (including, without limitation, any Notification or response to such Notification) shall be given to the parties by email to the following addresses: (ii) Investor: the email address most recently notified by the Investor to Crowdcube. 15.2. You may benefit from generous tax relief of up to 50 per cent where EIS or SEIS is eligible. INCORPORATION OF OTHER TERMS AND ACCESS TO INVESTMENT OPPORTUNITY. 5.5. However, the Investor acknowledges that the Investee is likely to be a start-up company and as such may have high ambitions which may be unachievable and exaggerated. Even successful companies rarely list shares on such an exchange. In addition, if you purchase B Investment Shares, these are non-voting shares and may not be attractive to potential buyers. 8.6. 5.5.4 payment of all fees and commissions due from Investee to Crowdcube. Any provisions and terms in these Investor Terms impacted by such a nominee structure, including without limitation, references to orders, subscription, shares, shareholding and shareholder shall be interpreted accordingly to give effect to the nominee structure. The Investor shall put in place payment arrangements to ensure that the Subscription Price and the Investment Fee is paid in accordance with clause 5.7 below. 9.2. Complaints may subsequently be addressed directly to the UK Financial Ombudsman Service - contact details as follows:- 0300 123 9 123 or 0800 023 4567 FREE. This company has been incorporated since 2014. You can find more detailed information, including some of the exits and … If an Investor has an outstanding or incomplete order for investment in any Investee which has not been resolved in accordance with Clause 5.1, the Investor may only terminate this Agreement if they have (i) served written notice by email on Crowdcube; and (ii), has withdrawn his/her order from the ongoing Pitch either via the Pitch, or by responding to the confirmation email confirming his/her withdrawal. Crowdcube may terminate this agreement at any time in the event that: 9.4.1. the Investor breaches these Investor Terms; or. They have facilitated crowdfunding rounds for Monzo, Revolut, Eden Project, BrewDog and more. 9.6 Clauses 5, 6, 7 and 8 shall survive termination of this agreement and if an Investor has made an application to invest or has invested in an Investee through Crowdcube then any clause in this agreement that is required in order to. The last accounts were published on 12 June 2020 and cover the period up to 30 September 2019. The parent company is Crowdcube Limited. 11.1. The Investor acknowledges that ancillary charges or fees may be payable to third parties in connection with the Investment, and acknowledges that such charges or fees are not associated with these terms. AltFi provides market-leading news, opinion, insights and events for the rapidly-growing alternative finance and fintech community. 11.2. Some businesses who pitch for equity investment through Crowdcube offer A-Ordinary Shares, which may include pre-emption rights that protect an investor from dilution. (c) The Investor shall indemnify and keep indemnified Crowdcube, the Nominee and their respective / its directors, officers, employees, agents and shareholders from and against all claims, actions, proceedings, demands, damages, liabilities, losses, settlements, judgements, costs and expenses (including reasonable legal expenses) which arise out of, directly or indirectly, any act or omission of the Investor, any breach of clause 9(a) or any breach of warranty by the Investor in clause 9(b). Crowdcube and Seedrs announced that they have agreed terms for a merger, in a move that will accelerate their plans to create the world’s largest private equity marketplace and further democratise investment. Crowdcube’s first Spanish exit, Zank – acquired by Fintonic, was said to have delivered over 250 Crowdcube investors a positive return on their … 21% of all investors on Crowdcube have had the opportunity to realise returns of up to £19.7m (via clean exit, secondary or bond repayment). Please #investaware and diversify your investments. E-bike maker Cowboy - backed by Index Ventures - has risen to €3.5m just five days into its campaign. 7.1. Will my local account details change when my account is migrated to the European company? (a) This Agreement applies between the Investor and Crowdcube in relation to any investment in a Company involving Crowdcube Nominees Ltd (the “Nominee”) and forms part of the Investor Terms. If Crowdcube receives no response from the Investor within the specified time period, the Investor will be deemed to have confirmed his/her order and the Investee will accept his/her order and such order will become a legally binding contract to invest between the Investee and the Investor upon expiry of the time period set out in the email, with completion of the investment conditional upon the Investee receiving payment from the Investor and subject to the completion conditions set out in clause 5.5 below. 5.4. Please check a pitch, and the Articles of the company to see if the shares you are buying will have these pre-emption rights. If Revolut does end up raising anywhere near that amount, it will be the biggest ever raise on Crowdcube, the crowdfunding platform it is using. (b) This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales. Crowdcube may assign this agreement without restriction subject to compliance with applicable law and regulation. In these circumstances, the nominee company shall be the legal owner of shares in the Investee and registered on the share register of the company rather than the Investor. 2.1. illiquidity, If Revolut makes an exit further down the line via an IPO or a trade sale, if the company’s valuation has increased then you could make a profit on your investment. 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