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Successfully funded
overfunded
ABODOO
  • Equity
  • Ireland Ireland
212%
Raised
£212,530
Investors
420
Target
£100,000
Equity
4.10%
Pre-money valuation
£4,968,488

Launched in 2017, Abodoo is a fast-growing SmartWorking platform for the future of work and digital skill sharing. Already boasting clients such as Shopify, Vodafone, Deloitte and Automattic, the company seeks to be the no. 1 provider for all global remote working solutions & services.

  • Voted by Wired as one of Europe's hottest start-ups 2019
  • ThinkGlobal Start-up of the Year Award 2019, MountainView, California
  • SaaS platform with 22,000+ members across 60 countries
  • Clients include Vodafone, Shopify, Deloitte, Automattic, Fexco

Idea

In 2015, there were 4.2m SmartWorkers (using technology and connectivity to work remotely) in the UK alone. By 2022, the global mobile workforce is forecast to reach 1.87 billion people - that's 42.5% of the total global workforce population.

With 22,000 members across 60 countries, Abodoo connects global citizens with remote working opportunities. With our b2b annual subscription model and our anonymised matching technology we seek to tackle 3 key problems:

1. Unconscious bias in hiring. Our matching is based on profile attributes, not location, gender or ethnicity, creating an even playing field of talent.

2. Access to talent. We give companies access to skilled professionals who are location agnostic.

3. Lack of knowledge and resources. We provide the content and framework to implement a partial or fully distributed remote workforce.

We have a marketing partnership with WeWork offering our services to their UK and European B2B CoWorking membership. Investment will be used to develop our tech platform further and execute our marketing & sales strategy for significant user growth. The boom in flexible working is predicted to contribute $10.04 trillion to the global economy by 2030. With more than 40% of the American workforce SmartWorking (2016), we intend to establish strategic partnerships in the US. We are in initial discussions to launch Abodoo into Australia and South Africa.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

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

Tax relief is available to individuals only, with income tax relief currently set at 30 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.