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Successfully funded
92%
Raised
£73,880
Investors
220
Target
£80,000
Equity
4.09%
Pre-money valuation
£1,875,000

Contact is a marketplace that allows models to be booked directly. Already operating in London and Paris, with clients including Vogue and Nike. Contact plan to allow clients to search, find and hire models anywhere globally directly over desktop or mobile without going through an agency.

  • The product launched on 15/08/19
  • 80+ models using the platform
  • Clients include Vogue, Nike, Farfetch
  • Global estimated fashion talent market = $25 billion

Idea

Contact was born in 2018, out of the need for change in the modelling industry. Contact creates an ecosystem where the talent have control over their own careers. Talent can currently select the jobs they want, on the terms they agree and, once launched, will be able to manage payment via the platform. Contact provides full transparency on fees and costs and ensures the client exists.

The industry has always been associated with high commissions and hidden costs. Traditional agencies currently use "bookers" to manage a finite number of models whilst the booking process can be time consuming, expensive and result in costly miscommunication.

Contact won't take a commission from its models vs the 30 - 37.5% industry average, instead it charges a 20% booking fee. Models will get paid within 7 days rather than months later as with some traditional agencies. The ease and speed of talent search using one platform reduces costs, whilst Contact's upcoming in-app communication has been designed to save time and communicate changes in schedules.

We're bringing a tech-enabled approach to an old fashioned, broken system.

Market Size

- Global estimated fashion talent market = $25 bn (2014)

- Global estimated modelling contract market = $10 bn (2014)

Funding will be spent on

- Completing the web platform & mobile app

- On-boarding clients & models internationally

- Marketing the product & service

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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.

Contact 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.