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140%
Raised
£422,940
Investors
171
Target
£300,000
Equity
21.99%
Pre-money valuation
£1,500,000

Set to open their first site in November: The Rattle is a music industry co-working business, providing specialist co-working space and studio facilities for entrepreneurs, artists and tech makers in the music community. The team have already built a network around the plan and pipeline of members.

  • Chris is a veteran MIT entrepreneur & former MD of MassChallenge
  • Bobby is an acclaimed music producer & performer
  • Location for Rattle 1 secured at Tobacco Dock, East London
  • Operating in the £50bn serviced office industry
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

The Rattle is a music industry co-working business, and we plan to open our first site in November 2017.

As the old record industry gives way to new technology, artists increasingly ‘startup’ as music companies. They embrace technology to create music then turn their art into creative startups. This new generation of 'music entrepreneur' is rapidly transforming how the industry works - and we are yet to find a home for this new community to 'start up' under one roof.

That’s The Rattle - a network of inspirational co-working spaces for artists, tech makers, and entrepreneurs to develop amazing new music, tech, and to collaborate from the very get-go of their careers. Each member is curated for talent and the drive to turn their passion into a creative startup.

The Rattle was founded in January 2017 by MIT technology entrepreneur and former Techstars Entrepreneur in residence, Chris Howard, Ph.D, and acclaimed music producer, writer & major-label performer Bobby Bloomfield.

Since founding, we have built a network of 80+ artist, music biz, tech, and tech investors across London - including Imogen Heap, Cliff Fluet (Warner Music), Steve Lewis (Virgin Music), Karl Neilson (Goldie), and Mark Stevenson. We have also built a pipeline of over 100 potential members for our first Rattle, and secured the location for Rattle 1: Tobacco Dock, in East London.

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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.

The Rattle has submitted their plans to raise money, details of their structure and trade etc. to HMRC and is awaiting advice on whether the share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax reliefs.

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.