Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

I Agree
Not Now

This funding round has closed VIEW OTHER OPPORTUNITIES

PRECURSIVE

Precursive solves the multi-billion dollar problem of resource management for professional services.

£ 250,000
0 Days left

100% of minimum goal raised

Lead investor: Dwayne D'Souza

Minimum Target

£ 250,000

Minimum investment amount

£ 2,951

Maximum Target

£ 250,000

Maximum investment amount

£ 250,000
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Investment Opportunity

Precursive solves the multi-billion pound issue of resource planning for Professional Service teams and counts WPP, Omnicom and BT as customers. The business was founded by a former Deloitte consultant, who understands the challenges well. Precursive provides a simple cloud solution which provides visibility of up-coming chargeable staff, replacing home-grown spreadsheets which are often used. Precursive has strong traction: the business is cash-flow breakeven, sales increased 300% last year and the business is soon to hit £500k of sales. The team is solid and experienced: key roles have been in place for several years.

THE IDEA
Products & Services

Precursive is a Software-as-a-Service product available as a web application, and a mobile app on iOS and Android. The product is based on the Salesforce.com platform, which provides an ecosystem of thousands of customers to sell into.

Precursive's product helps customers to schedule, plan and forecast all their people who are working on client chargeable work. A timesheet and expenses app allows the tracking of budgets.

Precursive solves the utilisation issue for customers by providing a simple way to manage availability and capacity in a collaborative and real-time environment.

Precursive also offers implementation services for their product.

Problem Solved

The business model of their target market - professional services firms - is based on 3 simple things: selling, delivering and invoicing client work. Most firms have sales and finance systems in place however the delivery phase is often left to spreadsheets, which is where project margin is lost and where over-work happens. Loss of margins happen when resources are not accurately planned and costs are not monitored.

Precursive is an easy-to-use tool that manages the delivery component and allows for margin tracking and project reporting which helps them to reduce costly over-run and increase their project profit margins.

Revenue Model

Precursive has two revenue streams: recurring subscription software and one-off implementation services.

Precursive sells its software via a recurring subscription software-as-a-service model. This is a 12 month subscription basis - paid upfront and in advance by customers. Most customer contracts are multi-year which provides revenue certainty.

In addition Precursive offers implementation services for the initial year which is charged 50% at the start of a project and the remaining balance at the end.

Exit Strategy
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The Idea

Products & Services

Precursive is a Software-as-a-Service product available as a web application, and a mobile app on iOS and Android. The product is based on the Salesforce.com platform, which provides an ecosystem of thousands of customers to sell into.

Precursive's product helps customers to schedule, plan and forecast all their people who are working on client chargeable work. A timesheet and expenses app allows the tracking of budgets.

Precursive solves the utilisation issue for customers by providing a simple way to manage availability and capacity in a collaborative and real-time environment.

Precursive also offers implementation services for their product.

Problem Solved

The business model of their target market - professional services firms - is based on 3 simple things: selling, delivering and invoicing client work. Most firms have sales and finance systems in place however the delivery phase is often left to spreadsheets, which is where project margin is lost and where over-work happens. Loss of margins happen when resources are not accurately planned and costs are not monitored.

Precursive is an easy-to-use tool that manages the delivery component and allows for margin tracking and project reporting which helps them to reduce costly over-run and increase their project profit margins.

Revenue Model

Precursive has two revenue streams: recurring subscription software and one-off implementation services.

Precursive sells its software via a recurring subscription software-as-a-service model. This is a 12 month subscription basis - paid upfront and in advance by customers. Most customer contracts are multi-year which provides revenue certainty.

In addition Precursive offers implementation services for the initial year which is charged 50% at the start of a project and the remaining balance at the end.

Exit Strategy
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Location

LONDON