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Successfully funded
overfunded
Tribal Clash
108%
Raised
£194,460
Investors
195
Target
£180,000
Equity
9.75%
Pre-money valuation
£1,800,000

Tribal Clash is a team race format fusing obstacle racing, endurance sports and fitness racing. With beach events in the UK and in Portugal, Tribal Clash is raising capital to support growth into a 15-event global competition series. New events planned for Australia and USA in 2019.

  • Established in 2013, each UK event selling extremely well.
  • Successfully launched first international event in 2017 in Portugal
  • Beach venues secured in USA, Australia, Asia, in talks in Brazil & UAE
  • Experienced team with past success in mass participation sports events

Idea

Tribal Clash is a team race format designed for the global functional fitness market. Functional training is now a mainstream fitness trend, catapulted by the growth of CrossFit worldwide. CrossFit has grown in just 15 years from an underground training programme to a global network of 14,000 affiliate gyms.

Tribal Clash was launched in 2013 on a remote beach in Devon, UK. The competition has grown from 400 athletes in 2013 to 1248 athletes in 2017. In 2017 Tribal Clash Portugal was launched in Algarve, and team entries to Tribal Clash Portugal 2018 sold out with 132 teams competing.

Tribal Clash offers a professional, intensive and elite-level athlete experience for amateur athletes, distinct from 'bucket list' challenges done 'for fun'. The teams compete in a purpose-built arena on the beach, tackling various timed physical challenges fusing obstacle racing, strongman events, endurance racing and functional fitness. The results-driven competition drives repeat participation. Tribal Clash aims to be the defining brand of a new competitive sport: team fitness racing.

Revenues in 2017 were £239,000, EBITDA was £26,000. The company has attracted 6,300 Instagram followers and 17,700 Facebook fans, and featured in The Guardian, Red Bull and Coach magazine.

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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.

Tribal Clash 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.