107%
Raised
£161,840
Investors
112
Target
£150,000
Equity
17.75%
Pre-money valuation
£750,000

Scoop is an independent printed kids magazine publishing original work from some of the world's best-known authors & illustrators, launched in 2016 and loved by families worldwide. The company is now raising funds to increase subscriptions, introduce new formats and develop new revenue streams.

  • Team has decades of experience across publishing & children's industries
  • Estimated readership of 6,000 & sold into 35 retailers around the world
  • Contributors include Tom Stoppard, Neil Gaiman, Jacqueline Wilson
  • Discussions to launch audio & digital in 2020 for new audiences/revenue
Information £20k of the company's lead investment reflected (from an existing investor) may be spent while the campaign is live.

Idea

Scoop magazine launched Sept 2016 as an alternative to the screen, to inspire children's' imagination, knowledge and creativity - to be shared and loved by children, parents and grandparents. Scoop aims to provoke curiosity in subjects from punk to feminism, night skies to contemporary art, via a mixture of formats: comics, reviews, articles, stories, games, profiles, competitions.

The core of Scoop will always be a printed magazine but we also publish a digital version through partners on Amazon Kindle and are in early-stage talks to develop audio and podcast content for Spring 2020.

Achievements to date:

- Worked with world-renowned authors/illustrators inc. Tom Stoppard, Malorie Blackman, Tom Whipple, Jacqueline Wilson, Caleb Femi, Neil Gaiman, Piers Today, Celia Rees

- Sold in 100+ stockists, inc. the Tate, Daunt Books, Barnes & Noble.

- Worked with leading UK literacy charities inc. CLPE, the National Literacy Trust, Give a Book, Beanstalk, Love Reading.

- Grown a customer base in 43 countries inc. Australia, India, Japan, Korea, China, Hong Kong, USA.

We are raising funds to bring Scoop to 5.3 million UK children of our target ages via further marketing and formats, and aim to expand internationally to inspire and educate children learning English. By 2022 we are targetting 10,000 UK subscribers and 4000 overseas, seeking additional revenue via audio and publisher partnerships.

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Scoop magazine 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.