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On a mission to automate a manual legacy in private equity (PE), HERMESNET is being designed to automate ESG & financial data collection, portfolio monitoring & reporting using blockchain tech. With a prototype & 70+ PE funds helping identify product-market fit, they are raising to launch the product.

  • In-house research shows that our product could free up an est 80% of time for value-added tasks
  • Product-market fit identified with 70+ PE funds 
  • Experienced founders: senior roles in field
  • ​​Launches of ESG vehicles jumped by almost half in 2020 
Information £62,500 of funds on the progress bar represent funds raised by the Company prior to launching the campaign. The Company has already received these funds, shares have been issued for a portion of this investment, and the Company has indicated up to £25,000 may be spent whilst the pitch is live. Completion of the Crowdcube raise will occur on the same material terms and share price

Idea

We founded HERMESNET in 2021 as a response to what we believe is a lack of automation in the fast-growing PE market, predicted to see AUM grow to $5.8tr by 2025. According to KPMG, many PE firms still rely on Excel-based tools for data collection, storage, & analysis. This problem has been exacerbated by the growing need for Environmental Social & Governance (ESG) data collection.

Aiming to create a solution with the intention of enabling PE firms to:

1. Automate portfolio monitoring activities from ESG & financial data collection, standardizations and reporting.

2. Create single source of trust enabling immutable databases on a blockchain.

Our SaaS business model will target PE firms including GPs, LPs & Fund of Funds, with a simple model leaving out complex integrations.

More than half the money that flowed into EU funds last year went into sustainable products with $1.4tr toward strategies with ESG considerations.

So far, we've:

- Identified business model & product-market fit with +70 LPs and GPs (who collectively have £20B AUM)

- Completed web app prototype on Ethereum blockchain

- Built a team of entrepreneurs with IT, PE & investment backgrounds from LSE, Calypso Technology & Deutsche bank

- Co-founders with CFA backgrounds, and Tech Nation endorsed CEO as a Global Talent in digital technology.

With this fundraise we aim to launch our product, grow the team & acquire first clients.

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Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

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.

HERMESNET 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.