120%
Raised
£241,210
Investors
196
Target
£200,000
Equity
26.77%
Pre-money valuation
£660,000

TeamO is an innovation-driven UK marine safety company. The business launched its patent-pending BackTow lifejacket in mid-2017, and for 2018 will launch two more industry disrupting products. TeamO has won multiple design awards and was declared 'revolutionary' by a leading industry publication.

  • Award-winning premium marine safety products
  • Patent-pending technology; leisure, commercial, military applications
  • Already distributed in 5 countries and stocked by 20+ UK retailers
  • Target audience: 17 million leisure boating participants in Europe

Idea

TeamO solves the life-threatening problem of being towed through the water by your lifejacket. Launched in May 2017, we sold our entire first production run within a year and secured national distribution in 5 countries. With two new products on the way in 2018, TeamO is raising capital to fund development and stock production.

We plan to be known as the leading brand in the leisure sector, renowned for our innovative and disruptive technological solutions. We will be targeting not only the recreational market but the commercial and military sectors as well, in order to accelerate growth.

"I met Oscar and was so impressed by the innovative ideas in his newly launched lifejacket, that I phoned our Editor to say ‘hold the front page.” - PBO Magazine

Awards:

1. Yachts and Yachting Innovation of the Year

2. A Pittman Innovation Award for Safety

3. James Dyson Award - Shortlisted (Top 20)

4. DAME Design Award 2017 - Shortlisted

TeamO is already receiving recognition for innovation, with other brands looking to use it's fresh design ideas for their own projects. TeamO was contracted by a leading industry player to bring TeamO's innovative ideas to their custom range for the Swedish entry in the 35th America's Cup.

Loans exist in the company.

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TeamO Marine 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.