Jeeni successfully raised £100,000

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130%

Raised: £130,520

Investors: 135

Target: £100,000

Equity: 4.17%

Pre-money valuation: £3,000,000

JEENI is an artist development platform, dedicated to nurturing and monetising new talent in one of the fastest-growing media industries – streamed music. It seeks to enable the next generation of recording artists to build a global fanbase, and reward them ethically and fairly.

Team Jeeni has an extensive record of achievement in music and media.
Unlike competitors, Jeeni aims to offer artists an ethical revenue share.
Streaming services: one of the fastest growing media sectors with 275 million subscribers.
Jeeni is supported by world-class ambassadors.

Idea

The Jeeni Promise

Streaming services are one of the fastest growing areas within the entertainment media sector, with over 275 million paying subscribers, growing 39% year on year and providing billion-dollar revenues for digital disruptors.

Jeeni is the ethical alternative: No scams. No adverts. No exploitation. No hypocrisy.

We aim to generate new revenue streams for undiscovered talent and established world-class artists alike, and offer a 100% ethical deal, unlike most competitors. There will be 5 revenue streams operating in parallel:

1 - Subscription-based memberships

2 - Payments for artist fanbases

3 - Payments for artist showcases

4 - Ticketing to masterclasses and online concerts

5 - Direct sale of services and merchandise to fans.

After a successful crowdfunding campaign earlier this year, the Jeeni platform is up and running, ready to upload artists' content. We enjoy nearly 2,500 Twitter followers, 3,500+ subscribed to the Jeeni database and world-class mentors and Jeeni ambassadors.

This fundraise will be used to scale our online platform globally, build our mass artist showcases, achieve our foreign language roll-out, and implement our marketing communications plan. Our long term goal is to surpass our target paid subscriber numbers, achieve exponential subscriber growth and exit by acquisition.

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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.

Jeeni 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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