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Successfully funded
overfunded
Vakay.co.uk
147%
Raised
£147,980
Investors
213
Target
£100,000
Equity
27.00%
Pre-money valuation
£400,000

Vakay is a holiday search platform providing destination recommendations based solely on the users’ budget and available date. The founders have previous experience at Lastminute.com and British Airways. Incorporated in 2015, Vakay have become agents with Thomson, FirstChoice and Thomas Cook.

  • Recently announced partnership with Uber
  • Received 2,000 web users since site launch
  • Aim to generate 165,000 visits to the site in the next 12 months
  • Targeting a trade sale of the business in year 5
Information The pitch has been extended due to ongoing investment momentum, and will now expire at midnight on the 26th October. Vakay have received Advanced Assurance from HMRC to be able to issue SEIS compliant shares.

Idea

Vakay.co.uk is a new travel website that provides destination recommendations based solely on your budget and dates.

We want to personalise holiday booking in the way it used to be before the internet age, when you would receive tailored recommendations from a high street travel agent. The vast majority of current travel websites require you to know your desired resort before you can begin a search. Those that do allow you to search without a specific destination, display a huge list of holiday packages with little relevancy to your personal preferences or budget. Vakay aims to save you hours of research and to help you quickly discover exciting locations.

Vakay will also become an online advertising platform for destination marketing organisations, looking to reach high value UK consumers who are open to exploring new locations. We have already held discussions with Visit Portugal and hope to progress at the World Travel Market in November.

Traction to date:

- Incorporated November 2015

- Launched an MVP product in April 2016.

- Became agents with Thomson, First Choice and Thomas Cook

- Over 2,000 users have visited the website, with over 60% using the new search concept.

The user feedback we have received has been positive, with many impressed by the product.

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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.

Vakay.co.uk has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 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.