Common Objective successfully raised £350,000

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132%

Raised: £462,260

Investors: 393

Target: £350,000

Equity: 7.63%

Pre-money valuation: £5,600,000

CO is a global B2B sourcing and information platform that rewards sustainable business through higher search rankings. Aiming to disrupt the $2trillion fashion industry, CO is already used by 23k+ fashion professionals who work at leading brands and 1000's of SME’s, from over 150 countries.

23k+ fashion industry members, 150% member growth in 2019
10x annual growth in monthly content page views to 100k in Nov 2019
Catering for $2tr fashion industry, involving 1 in 8 people globally
Team with 100+ yrs experience in fashion, tech & sustainable business

The company raised £315,000 investment from 6 existing investors before the campaign went live, which has been reflected on the platform as part of this raise. Some of these funds have already been received by the company and may be spent while the campaign is live.

Idea

“Sustainability is now mission critical for businesses” World Economic Forum, 2018

“90% of executives now see sustainability as important" (MIT). Their challenge - how to integrate sustainability, without compromising commercial goals and targets. This dilemma is especially acute in the fashion sector, one of the world’s most polluting industries. Thousands of professionals want to operate differently - but don’t know-how.

Common Objective (CO) is the pioneering tech solution for successful, sustainable business in the fashion industry.

CO's online platform uses personalisation and matching technology to connect buyers and suppliers, and provide them with targeted content and tools supporting best practice. Our technology turns sustainability into an opportunity - rewarding more sustainable businesses with higher search rankings.

Fashion is a huge, influential market, worth $2 trillion in annual sales, involving 1 in 8 people in the world. Launched in May 2018, CO has grown to reach 23,000+ fashion industry members across 150+ countries. The site is used by individuals and teams who work at world-leading brands, alongside thousands of SME’s, and backed by industry leaders including Roland Mouret, PDS Multinational, and Plexus Cotton.

Our aim is to become the global go-to platform for sustainable business. Fashion is just the beginning.

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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.

Common Objective 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.

Idea

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