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122%
Raised
£122,570
Investors
134
Target
£100,000
Equity
15.87%
Pre-money valuation
£650,000

Coherent is a web application designed to manage coworking and shared workspaces and connect their communities. According to deskmag.com, the coworking market across the world has increased by nearly 300% in 5 years. With your investment, Coherent could become the leading shared workspace management software.

  • Coworking membership is growing at around 40% per annum
  • There are currently 3,290 flexible workspaces in the UK alone
  • By 2018 there are forecast to be over 37,000 coworking spaces globally
  • Team comprising industry insider and leading technology partner
Information 28/06/16 - In order to conclude discussions with a number of investors Coherent has been granted an extension of 14 additional days, now expiring at midnight on the 14th July.

Idea

Most workspaces are independently-operated and have rapidly increasing member numbers (up 50% in 2 years). In our experience these existing spaces use a seemingly random collection of email, calendars, spreadsheets and manual processes which are administratively heavy and time-consuming. Coherent aims to provide a simple, affordable and scalable solution that handles everything in one place, from client data, bookings and resource management, to invoicing and payment collection. It integrates with best of market products such as Mailchimp, Eventbrite, Go Cardless and Xero. And Coherent also allows workspaces to join together to form their own networks, allowing coworkers to connect, interact and collaborate. We partnered with award-winning development studio Simpleweb to build phase 1 and 2 of Coherent. The platform is designed to be intuitive, resilient and scalable. We are currently in closed beta testing with five workspaces, and our beta customers include Spike Island, The Forge, Howkapow, Edventure and Mendip Hub. Phase 3 is already scoped and includes an enhanced feature set based on user feedback.

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Risk warning

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COHERENT 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.