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Successfully funded
overfunded
PlanSnap
152%
Raised
£380,620
Investors
511
Target
£250,000
Equity
11.26%
Pre-money valuation
£3,000,000

Backed by AB InBev, PlanSnap is a social planning app that gets everyone to agree on the details of a plan in just a few taps – even if users’ friends don't have the app. The company generated its first revenue pre-product, partnered with Time Out Magazine and was part of the TechStars accelerator.

  • PlanSnap generated £46.5k revenue before writing a single line of code
  • Backed by Techstars, one of the world’s top business accelerators
  • Partnered with Time Out Magazine
  • Investors include AB InBev, the world’s largest brewer
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

PlanSnap is a frictionless social planning app that gets everyone to agree on the details of a plan in just a few taps - even if your friends don't have the app.

We've all experienced the frustration of getting friends together: we found that it can take over 9 apps, 22 app switches, 77 swipes, 13 minutes on the phone and 10 texts to make a plan. We know that 40% of the time planning fails completely.

PlanSnap is based on the insight that every organised person knows... To make plans happen you must quickly get everyone to agree on the details - who, what, where and when.

PlanSnap signed its first brand partnership contract for £46,500 before a single line of code was written. For brands grappling with the consumer shift towards 'experiences not things', PlanSnap allows them to be a tastemaker by suggesting the best plans, and a utility to make their customers' plans actually happen.

PlanSnap completed Techstars Connection in partnership with AB InBev in New York in February '17. Techstars is one of the world's top business accelerators. 1000+ companies have completed the Techstars program and 90% are still active or have been acquired, with a market cap of £8.3bn.

The PlanSnap beta app launched at SXSW in Austin with the support of the British government, and with Time Out Magazine as a content partner. PlanSnap is an alumni of the prestigious London and Partners TravelTech Lab.

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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.

PlanSnap 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.