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120%

NextUp aims to propel stand-up comedy into the £40 billion subscription video market. VC backed, they provide live gig streaming for comedy fans and preserve live shows for artists via their subscription video-on-demand platform.

  • £1.5m funding raised to date including from VC and media executives
  • 27% share value increase from 2019 round
  • Scalable economics: £25 CAC
  • Co-Founded by the former Head of Comedy for BBC Worldwide

Idea

The subscription VOD market is fast-growing at 10% YOY. As we have more choice than ever over what to watch, it's broken off into genres e.g. HayU (reality) and Shudder (horror).

NextUp is a destination content source for the est. 5.8m UK comedy fans and beyond. Unlike other genres, comedy costs little to produce, meaning we release content reflecting the true comedy circuit, with original content produced by us that would otherwise be lost.

We monetise our content for fans to enjoy worldwide, sharing revenue with the acts. NextUp streams via web, mobile & TV apps for £59.99p/year with a 7-day free trial. With 3yrs of development and user experience behind us, we've scalable unit economics with an ave. £25 CAC.

We also support acts through free practice space, fronting diversity initiatives and COVID-19 support with virtual gigs and a JustGiving campaign that raised £120k+.

Our share value has increased 27% since 2019 due to amazing progress:

- Increased users to c.5,000

- Launching a podcast and festival

- MRR from subscriptions grew 173% to £25k (YTD EBITDA of -£361k)

- 200+ shows catalogue from 120

- Partnerships inc O2, McDonalds, The Telegraph

We’re raising to cement our UK position whilst upgrading NextUp to grow reach via direct-to-app live streaming. The round is being led by Velocity with a view to position us for a Series A in 2021, and we'd love you to join us on our journey.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

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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.

NextUp Comedy 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.