4URSPACE

4URSPACE

Collaboration & Marketplace App to organize tenant space build-outs and renovations

Print
View on SeedInvest
Security Type
SWIFT
Categories
Other
Min Investment
$1,000
Location
New York, NY
Offering Date
November 13, 2020
Expected Close Date
January 29, 2021
Target Raise
$350.00K-$1.00M
Deal Notes

Conversion Discount: 20.0%

Interest Rate: 6.0% Note term: 24 months

Company Description

Collaboration & Marketplace App to organize tenant space build-outs and renovations4URSPACE is a Marketplace and Collaboration App that enables teams building out commercial spaces to communicate and collaborate across multiple projects in real time.4URSPACE was born out of the belief that there is a fundamentally better way for clients, vendors, and professionals to collaborate when building or renovating commercial spaces, rather than the current inefficient and disorganized process.Currently, each team exchanges approximately 100,000  messages, files, photos, and tasks that are stored across various platforms, creating a frustrating and disorganized process. Also, frequent site visits and travel creates delays and additional costs that add up quickly.Our Marketplace solution quickly connects clients with vendors, for all of their projects, globally. This drastically reduces the time needed to find and connect with partners for each project.4URSPACE Co-Founder & CEO, Stefano Sanchini, has spent more than 20 years in retail development and has a deep understanding of the current inefficiencies and how much this sector needs to be improved.Our proprietary technology also allows  us to provide customized solutions for clients to ensure the best outcomes for their teams and projects

Key Deal Facts

Current users include Swarovski and the LVMH group (with brands such as Dior, Fendi, and Guerlain), where the company is in discussions to convert these users into paying, premium customers
4URSPACE has 6,000+ registered national and international users and 20,000+ projects created on their platform
Leadership team has decades of experience in real estate and technology and has new hire for SVP Marketing and Business
4URSPACE app enables collaboration with group video calling and live streaming as well as a marketplace of professionals for construction and renovation projects

Use of Proceeds

  • Customer Acquisition
  • Product Development
  • Operating Expenses

Management Team / Advisory Board Bios

Stefano Sanchini
CEO
20+ years in Real Estate, Project Management and Construction. Worked as Director of Store Planning for MaxMara and Prada.

Ori Klein
CTO
25+ years experience as technology officer for various startups and corporations in the real estate industry like Ollie (Co-Living) and Buyside (RE Marketplace).

Deal Notes

Conversion Discount: 20.0%

Interest Rate: 6.0% Note term: 24 months

Amount Raised : $95,700
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SWIFT (Simple Weighted Incentive For Time) is a term SeedInvest uses to describe offerings that add an incentive or “time-based discounts” for early investors.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment