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Capital at risk
Verado
days left
20
37%
Raised
£37,300
Investors
24
Target
£100,000
Equity
4.76%
Pre-money valuation
£2,000,000

Verado aims to eradicate counterfeits within the watch & jewellery industry, costing over £2.6 billion just in Europe. It is an online platform designed to connect sellers and buyers, providing access to authentic products. Verado lists £70m worth of inventory and has achieved £400,000 of sales.

  • £400k gross sales to date
  • 10,000+ items listed worth over £70 Million
  • Already raised over £200,000 so far
  • Featured on Forbes, Watchuseek, WatchPro and many others

Idea

Verado believes that buying pre-owned watches and jewellery should be a wonderful experience; but this is not always the case as the industry is overflowing with fakes, scams and security issues.

Verado has created a data-driven platform, enabling users to securely trade jewellery at fair prices.

The business is built on:

- A digital platform facilitating secure peer-to-peer transactions

- A proprietary pricing engine based on hundreds of thousands of data-points to provide a fair value estimation for all the listed goods

- An innovative verification process to ensure the authenticity of every item

The £200bn personal luxury market is positioned to grow as the inventory of goods available for sale increases and younger generations become less attached to keeping jewellery for a lifetime.

Founded by former Rocket Internet senior executive, Claudio de Giovanni.

Achievement to date

- Gross sales £400k to date, net sales £25k to date (EBITDA: -£175,281 in FY18)

- Lists 10,000+ watches worth over £70 Million

- Featured on Forbes, Watchuseek, WatchPro

- Developed a proprietary algorithm for real time pricing evaluation

- Recruited a team of industry experts, including Geoffroy Ader (ex Global Head of Watches at Sotheby’s) and Vishal Mehta (CEO at Dimexon)

- Raised over £200,000 (equity + government loan). Angels include: the ex. CEO of Crussh Food and CEO/owner of Dimexon

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Successfully Invested
£689m+
Registered Investors
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