In case the title didn’t give it away—we’re crowdfunding! Starting from October 26 at 11:00am CET, we’ll be giving you the opportunity to own equity in Travala.com (and earn bonus AVA and travel credits in the process) via crowdfunding platform Crowdcube.
Below, you’ll find some commonly asked questions and answers related to the crowdfund and how things work on Crowdcube. To learn more about why we’re crowdfunding, please see our crowdfunding announcement.
Can I invest using cryptocurrency?
YES. Crowdcube doesn’t accept direct investments in cryptocurrency, however we have enabled the option to invest via stablecoins such as BUSD, USDT, USDC and Bitcoin for investments above $25,000 (£20,000). To enquire please reach out to [email protected].
Who can invest?
You must be over 18 years old and legally entitled to invest. You’ll also need to be a resident of the UK or a country where you may legally receive financial promotions of the nature provided. Accredited investors in the US can participate, residents of Canada and Japan will not be able to invest. You can find more details on Crowdcube.
When does the campaign go live?
The campaign will be divided into a private sale and public sale. Our private sale begins on the 26th of October at 11:00 am CET and ends on the 29th of October at 11:00 am CET. Our public sale will begin on the 29th of October and will run until the allotted shares are exhausted or 30 days passes, whichever happens first.
What is the private sale?
The private sale simply means that our campaign is not publicly visible on the Crowdcube website and can only be accessed via a unique link. This enables AVA holders, our community, and existing investors to have first access to the sale before the sale is opened to the public.
Do AVA holders and community members get exclusive access?
As a reward for their loyalty and support, our community can receive 1 AVA for every £5 invested during the private sale. We also offer an uncapped referral bonus that can compound your earnings: for every £5 your referral invests, you earn 1 AVA. To qualify for the referral bonus, please complete this form for each person you refer.
This offer is open for the first £1,000,000 raised or the first 72 hours, whatever comes first.
What will the valuation be and how much are you looking to raise?
We are raising £1,500,000 at a £17,500,000 valuation.
How much can I invest?
You can invest from as little as £10 or upwards of £1m!
Does the public sale have any rewards?
Yes! There are different travel credit rewards based on your investment size. First, what are travel credits? Travel credits are a form of currency that are fully redeemable for travel bookings such as hotels, homes, and flights on Travala.com. For instance, if you invest £1,000, you will receive £30.00 in travel credits. Please see the table below for a summary of the travel credit bonus applicable to each investment bracket.
Investors in the private sale will also be eligible for Travel Credit rewards based on the amount invested on top of the AVA rewards.
When will I receive the rewards?
Rewards for both the private and public sale will be delivered within 14 days of the crowdfund’s conclusion. As mentioned above, for the private sale, please track your referrals here: Track referrals.
What is equity crowdfunding?
Equity crowdfunding allows a large pool of people to back a business they believe in. When you invest in equity, you buy a percentage or share of a business. You can read more about general investing on Crowdcube.
What is Crowdcube?
Crowdcube is a crowdfunding platform regulated by the Financial Services Authority that enables businesses to attract investment from professionals, venture capital firms and everyday people. They have facilitated crowdfunding rounds for Monzo, Revolut, Eden Project, BrewDog and more.
Why is Travala.com Crowdfunding?
We believe that an active community is one of the biggest driving forces behind the success of a company. Since our inception in 2017, we’ve been extremely fortunate to have such a wonderful community behind our project and we want to give those involved the opportunity to directly invest in a business they love and believe in.
Crowdfunding also gives investors who support our vision, but are not necessarily familiar with or willing to invest in cryptocurrency, the chance to participate without requiring any cryptocurrency exposure or technical knowledge.
To read more about why we’re crowdfunding, please see our crowdfunding announcement.
How do I make a return on my investment?
A return is made via a liquidity event; for example, Travala.com being acquired by another company, listing on a stock market at a higher value, or a secondary market transaction. Just remember that investing in a startup business carries significant risks, including illiquidity, lack of dividends, loss of your investment, and dilution.
Can I invest as a company / legal entity?
Yes, you can. When creating a Crowdcube account, please insert the company name and type in the First and Last name fields. e.g. ABC Limited. Where Crowdcube asks for an address, please use the company’s registered address, and where Crowdcube asks for date of birth, please use the date of birth of the company’s director. Crowdcube will then be in touch for further documents as part of their AML and KYC check.
Is there anything else important to know?
Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio.