There are only three days left to take up the last portion of EIS shares available at the current valuation in Perfectly Spoken, before the company increases its valuation significantly.
After demonstrating excellent early commercial traction, the company will be closing off the current round this Friday, August 30th, after which it is looking at potentially doubling its current £1m pre-money valuation.
The proposed uplift is great news for early investors, who could effectively see the paper value of their shares double after this week.
Since launching its new English Teaching platform and monthly passive income subscription model just last month, Perfectly Spoken has signed up nearly 30,000 new users – with no marketing spend.
And with more than 400 paying subscribers signed up in just over a month, equating to circa £4k of recurring revenue, the company is well on its way to having more than 3,000 paying users in less than 12 months (monthly revenue of more than £30k).
Management is executing according to plan and with some targeted marketing spend, is confident it can significantly build on this number, putting Perfectly Spoken firmly in the frame for institutional scaling capital.
With such outstanding early traction proving the concept, Management is now eager to close off the current funding round and look for further funding at a higher valuation next month.
The digital learning market is currently valued at USD$3.8Bn and growing fast, reflecting an upward trend of learners transitioning from traditional classrooms to online.
This EdTech boom has seen some well documented acquisitions in the hundreds of millions of dollars and Perfectly Spoken is targeting an exit valuation of £12.7m in 5 years’ time.
To learn more about Perfectly Spoken you can click here. A webinar pitch from Founder and CEO David De Jager, along with a full Information Memorandum and the company’s latest update are all available.