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94%
Raised
£142,340
Investors
234
Target
£150,000
Equity
19.35%
Pre-money valuation
£625,000

247babysits has developed a babysitting app for Parents & Sitters on iPhone, Android & Web which will aim to provide the ability to book a trusted & certified sitter, at any time with just 1 click of a button. Parents will only pay for the number of hours they require a sitter.

  • The UK child care services market is estimated to be around £5.6 billion
  • In UK 68% of families use childcare, with 48% of these using more than 1 type of childcare
  • Our app aims to offer real-time booking, Integrated online payment, Live chat, 2-Way reviews
  • In Oct, 2017 - 'Urbansitters' raised $17 million in a Series C round.

Idea

A babysitting service aiming to target the modern day parent, caring for all ages of children, from babies to teenagers.

247babysits has built an app on iPhone, Android & Website to be released imminently, which aims to allow customers to book a babysitter in real-time, 24/7. The app has been built to provide a simple booking process, allowing last minute and repeat bookings, a planner to review bookings and live chat to speak with the sitter. 247babysits aims to offer a service charging no registration, subscription or booking fees. Our goal is that all babysitters will be interviewed, CRB/DBS & First-Aid checked. 247babysits will also implement 2-way reviews, allowing feedback from the customer and sitter for every booking, creating a loyal babysitting circle.

The UK babysitting market is currently worth £5.6Bn. Over 8m UK families have dependent children, 68% of these use childcare services. The demand for childcare in the UK has increased for over 10 years, with the average family spending £70k on childcare.

Within 2 years of being founded (2011), US babysitting company 'Urbansitters' was valued at $20m and in 2012 they secured further capital funding of $6m. Urbansitters continue to expand and in October 2017 completed a series C funding of $17M.

A directors loan of £4K exists.

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247 Babysits has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.