It’s your chance to join Team Canaria
The founders have been bootstrapping the company ourselves up till now, but we have big ambitions for Canaria and need help to reach them.
We are excited to announce the launch of our first funding round. We’re looking for GBP350,000 of seed funding to accelerate our development through the first half of 2017. This first funding round will open this spring. We will be looking for more investment later in the year with a view to landing our first customer and earning our first revenue early in 2018.
For UK tax-payers this is a very attractive SEIS-compliant investment, meaning that UK tax-payers get £5,000 off their income tax bill for every £10,000 SEIS investment they make in Canaria. And on top of that, profits are free of UK Capital Gains Tax as long as you hold onto your investment for at least three years. Only our first £150,000 of shares qualify for this SEIS tax break, so please apply early because the SEIS-qualifying shares will sell out on a first-come, first-served basis. After all the SEIS-qualifying shares are issued, the rest of the share issue will be EIS-compliant, meaning UK tax-payers get £3,000 off their income tax bill per £10,000 EIS investment they make in Canaria. Again, profits will be free of UK Capital Gains Tax as long as you hold onto your shares for at least three years.
To find out more contact us at firstname.lastname@example.org. We will be happy to share our investor deck and business plan in confidence.