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Crowdcube Raise

The Seed Round

Using the crowdcube platform we are seeking investment to scale up what we have already achieved and release a revenue generating platform. Visit the crowdcube platform to invest in the future of housing for as little as £10.

FAQs

These are some of the regular questions we get about our crowdfunding campaign, click the question to reveal the answer. If you can't find an answer here then please email [email protected] and we will do our best to answer and get back to you. 

Crowdfunding Overview

We are raising investment to expand. We will use the funds that we raise to hire new team members in the developer and marketing department. We will also have a legal budget for helping shape our smart contract templates and a marketing budget to help push our early projects and drive revenue.

Ehab is listed on Crowdcube and currently open to investment. Our campaign page is at:

https://www.crowdcube.com/companies/ehab/pitches/qQkprZ

By investing in us you will own shares in our company. 

We want to build a community of investors and give our customers the opportunity to share in our future success. 

Yes, every investor will receive shares in Ehabitation Limited. The number of shares you receive will be proportionate to the amount that you invest. The final number of shares issued will be dependent upon the final number of investors and amount of money raised. Our initial fundraising target is £300,000.

Yes, as well as shares in our company, every investor is also entitled to a range of rewards, depending upon the amount of money invested. Rewards include early access to the platform, ehab branded merchandise, unique rights in the platform (such as jumping a que to be involved in a project) and even opportunities to have a street named after you. See our Crowdcube page for full details.

We are now live, please see our Crowdcube page to see updates on our campaign.

The campaign will last for up to 30 days, or whenever we reach or target. If we hit our target of £300,000 sooner than 30 days, then we are likely to choose to ‘overfund’, meaning that people can continue to invest. This will have no impact on the people that have already invested, it just means that we would make a larger % of the company available for sale.

We will hire new developers to support the existing team and focus on shipping new versions of our product frequently. We will hire a part time CFO (with the aim of hiring full time) with a solid background in finance and real estate. We will hire a marketing manager and a part time marketing intern to help get new users onto the platform and drive traffic to our first projects, in turn generating early revenues for the business. We will have legal and marketing budgets also to support the team.

For more information please request the business plan.  

Overfunding will simply allow us to reach our growth targets faster as well as invest more money in more developers, a full-time CFO from the start, a full time marketing intern, a travel budget to reach more partners and projects, a greater marketing budget and a longer runway to create value before our next fundraise.

Investment & Shares

If we are fortunate to raise more than our target of £300,000 then we will be able to use this investment to grow the company even more quickly than we currently plan to. If we raise investment above the target level, this simply means that we will have more shareholders and be ‘giving away’ a larger % of our company, it will not mean that the initial crowdfunding investors are affected in any way.

Initially, your investment in our campaign will be recorded as a pledge, and no funds will be taken at this stage. Following the successful completion of the campaign, Crowdcube will contact you to confirm the date that the funds will be deducted from your bank account, with a minimum of seven days notice, and allowing you a final opportunity to opt out of the investment.

Crowdcube will issue shares following the successful completion of the campaign, and after your investment has been processed. The completion of the round and the paperwork takes a few weeks to draw up, but typically you can expect to receive your Share Certificate and shareholders discount and rewards around 4 weeks after the campaign has ended.

We qualify for the EIS & SEIS scheme. Eligible investors may be entitled to 30-50% of the value of your investment discounted from your income tax bill, as well as other tax reliefs. For further details please see –https://www.crowdcube.com/pg/eis-seis-tax-relief-overview-43.

We have £150,000 of SEIS available so invest quickly to avoid missing out. 

There are ‘A’ shares and ‘B’ shares available in the company. Both types of share are equal in all ways regarding the right to share in dividends and capital distributions. Investors who invest at £10,000 and above will be entitled to ‘A’ ordinary shares which also have voting rights and certain pre-emption rights (a pre-emption right is a first option or first refusal on buying any future shares that are offered in the company). ‘B’ ordinary shares for investors below this level retain all rights to dividends, but no voting and pre-emption rights.

We are a private limited company, and in common with all such companies, at present there is no public forum for buying and selling shares in the company. Shares may be bought and sold by private arrangement, with slightly different conditions if you are an A or B shareholder – if a holder of A Ordinary Shares wants to transfer their shares, they must first offer them to the other holders of A Ordinary Shares. B Investment Shares are freely transferable which means a holder of B Investment Shares may transfer his or her shares without first complying with the pre-emption procedure, as long as that holder wishes transfer all of their shares to a single third party.

This is a possibility, and it is a circumstance in which you could sell your shares.

All ‘A’ shareholders will be entitled to attend and vote at the AGM (Annual General Meeting).

Rewards

Ehab Bronze Badge
£150+
This badge will give you early access to new features on the platform and your feedback will help shape the platform development. Plus an ehab branded t-shirt.

Ehab Silver Badge
£5,000+
This badge awards you the ability to que jump on projects in one country of your choice. You will also have a named brick in the ehab office, plus an ehab branded t-shirt.

Ehab Gold Badge
£10,000+
With this badge you will have early access to investment opportunities or house building opportunities before they are publicly live on the platform. You will also have a street or building named after you in a future development, plus an ehab branded t-shirt.  

Valuation & Return On Investment

Yes we have a business plan available for download on our Crowdcube campaign page with a financial overview included. If, after reading it, you have any further questions then please do not hesitate to contact us on the details supplied in the pack, and we will be happy to answer any questions or supply additional information. 

We arrived at our valuation for a number of reasons:
We have land for over 26,000 homes in our pipeline, which is a potential revenue of £207M to our business.
Our MVP is live and being tested on site.
We have the necessary relationships in place to scale rapidly and globally.
As this business is a network effect business, the greatest value comes from the partnerships we can make and our network, this is strong and we are a first mover in this business so can seek to gain a huge first mover advantage.

This is a long term investment in the relatively early stages of a fast growing company. We anticipate that the value of your investment will increase over time, giving you capital growth. The main way that an investor can make money from your investment is by selling your share for more than you paid for it.

We are a private limited company, and our shares are therefore not publicly traded at present. In the event of a future sale of the company you would be able to sell your shares at that stage to the acquiring company. Alternatively, if the business grows to a point where the company management offer to buy back equity from investors, you are also likely to be able to sell your shares.

You will be entitled to a share in the payment of dividends (please see the next question).

Please also note that, depending upon your personal circumstances, there are likely to be tax advantages to this investment (see the questions on EIS/SEIS above). There are also a range of rewards available to all investors. 

Dividend payments will not be made until the company has significant profits, as we do not wish to take money away from growth as this would slow down the capital appreciation of your shares.

We are aiming for unicorn status, a business valued at a billion dollars. This usually requires revenues of $100 million. At this stage we would welcome interest from buyers. But there may still be opportunity to scale and take the value of the company further.

Our two exit scenarios are as follows:

Be acquired by a large player in construction in 5-7 years.

Take the company public in 7-10 years and leverage the significant global network we have built up by that point. 

Growth

Focusing on delivering our early projects with world renowned partners will illustrate our vision to the world and that this type of development can be done at scale. We expect to generate lots of traction off the back of this.
This high profile ‘vision for the future’ strategy will be underpinned by investing heavily in tech development so as much of the platform can automated, allowing us to quickly onboard partners and projects.  

So far we have raised capital from family and friends and a group of 60 token investors during a token sale at the beginning of this year. This has been supplemented with grants. There has been no equity sold in the company to date as we have bootstrapped to where we are today.
Disclaimer – Investments of this nature carry risks to your capital as well as potential rewards. 

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