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Successfully funded
overfunded
Grafter
155%
Raised
£233,340
Investors
329
Target
£150,000
Equity
11.20%
Pre-money valuation
£1,850,000

Grafter connects SMEs with local rated labour. It manages the process from search, through booking to cashless payment. Currently, on iOS and Android, Grafter has over 5000 registered users and is growing by over 120 a day. Funds will be used to drive further growth and on-going product development.

  • Led by a team of experienced digital professionals
  • Available on iOS and Android with core backend platform in place
  • Self-employment in the UK is 15% of total employment
  • Revenue stream is based on 5% commission charged to clients
Information The company had £150,000 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis. Any investments made after that limit has been exceeded will not be SEIS eligible but will potentially be eligible for EIS. The potential tax relief of any investment will be confirmed by email to investors, after they have submitted their applications to invest, and will depend on an investor's individual circumstances.

Idea

Tom came up with the idea for Grafter while working on a building project at home. He needed extra labour to wheelbarrow concrete for a couple of days, but couldn’t find anyone locally to help. Richard had experienced the same problem. His builder told him they relied on word-of-mouth and, if they managed to find anyone, often they weren’t any good.

With a digital background, Tom and Richard realised that an app which connects businesses with local labour was the answer and Grafter was born!

Many industries from builders to logistics regularly use temporary project labour and rely on agencies to find people. Grafter solves this, providing a cost-effective digital solution to find and manage labour, cutting out the expensive intermediaries.

Grafter helps manage the whole engagement - from finding and booking staff through cashless payment and reviews at the end. Clients get rated people and Grafters get a contract and payment security.

Grafter’s market is rapidly growing. More and more people are choosing to work in a flexible way - when and where they want. Self-employment in the UK increased from 3.8 million in 2008 to 4.6 million in 2015 (15% of all employment).

Grafter launched June 2017 on iOS and Google Play and already has over 5,000 registered users, with over 120 joining each day in August and is growing rapidly.

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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.

Grafter 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.