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98%
Raised
£148,010
Investors
148
Target
£150,000
Equity
3.45%
Pre-money valuation
£4,200,000

An exciting new luxury fashion platform promoting sustainability and independent retailers. Open for Vintage connects customers with a global network of luxury boutiques specialising in preowned fashion, jewellery and watches. Featured on the 2017 Startups 100 Index of top new UK businesses.

  • Grown a global network of 65 boutiques across 12 markets in 18 months
  • Featured in media including Vogue, The Telegraph & The Sunday Times
  • High Average Order Value of £700+
  • Backed by Current/Former Executives at Apple, Burberry, H&M, and Tesco
Information The company had £44,000 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis, except the investors of the first £85,000 have confirmed they will not be claiming this tax relief. 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

Open for Vintage aims to bring customers with the finest (and frequently hard to find) boutiques that specialise in luxury pre-owned fashion, jewellery, and watches.

Our mission is to promote sustainability and support independent boutique retailers to grow online.

In this rapidly growing preowned luxury fashion market, valued at over £15 billion already in 2014, Open for Vintage aims to bring customers the best possible experience by only selling on behalf of carefully selected boutiques.

Unlike competitors, we do not sell on behalf of consignment/individual sellers and provide a 100% authenticity guarantee.

Already, we have attracted an array of famous customers including Kim Kardashian and Pandora Sykes. We have been featured in global media including Vogue, Huffington Post, E! Entertainment, The Telegraph and The Sunday Times.

Open for Vintage is already demonstrating a high Average Order Value of more than £700, very positive customer reviews and a Repeat Purchase Rate of 15%.

Earlier this year, Open for Vintage was named on the 2017 Startups 100 Index of Most Promising UK Startups.

Unsecured loans exist in the business.

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Risk warning

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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.

Open For Vintage 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.