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Scribestar's SaaS platform digitises and automates the documentation and compliance processes required for raising capital on stock markets - IPOs, bonds etc. Well established in the $22bn Reg/LegalTech markets, they are already active in the UK, they are a frontrunner in this space having had over 50 transactions on their system.

  • Cutting edge tech with 4 years commercial use and over £13m invested
  • Traction in UK today, starting up in 3 international markets
  • Part of the London Stock Exchange Issuer Services and CMS equIP
  • Working with 3 exchanges to be part of their document infrastructure
Information Some existing investors of the Company are utilising their pre-emption rights for this round. Funds in respect of these rights either have been or will be directly transferred to the Company. The investment shall be on the same terms as the Crowdcube raise, but the Company may spend these funds before completion of the Crowdcube raise.

Idea

ScribeStar raise on Crowdcube

Raising capital or issuing shares on stock markets is an expensive, complex and time-consuming process. The documentation, mostly prospectuses, is produced using manual out-dated methods with non-machine-readable information. Our platform is the only one in the market that automates the processes to produce these documents from start to finish and our clients have seen 40-60% time savings with related savings on costs.

We are being regularly used by 3 law firms in the UK and seeing growing interest from other firms who want a remote tool to manage the process and produce these documents more efficiently. In addition, we are starting to enter 3 international markets, one of which is the US - the biggest market in the world for these documents.

Another new customer group is stock markets. They are increasingly focused on digitisation to automate capital raising and compliance. Our platform provides them with structured data format documents which can be machine-read and monetised. We are now working with 3 stock exchanges to become part of their infrastructure as a listing and compliance hub.

This fundraise will take us well into 2021 so that we can deliver further growth in the UK, start the expansion in the US and other markets with law firms, and deliver successful trials with the stock exchanges.

We are part of the LSE’s Issuer Services and the CMS equIP accelerator.

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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.

ScribeStar 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.