GOING LIVE IN
GOING LIVE IN
FREQUENTLY ASKED QUESTIONS
WHAT IS EQUITY CROWDFUNDING?
Equity crowdfunding allows you to buy shares in a brand you love, like Northern Monk. It gives everyday investors the chance to own a piece of the business, similar to how venture capital works, but more accessible.
WHY ARE YOU DOING THIS?
We’ve always believed in building Northern Monk with our community. After our 2018 raise where we welcomed over 2000+ community investors, we continued to receive numerous requests from our customers to own shares. We’re therefore excited to offer you the chance once again to own a part of Northern Monk and join the rising.
WHAT IS EIS (ENTERPRISE INVESTMENT SCHEME)?
Your investment is EIS eligible, meaning you can claim back 30% of your investment via income tax relief. This is a great benefit for UK taxpayers, and more information is available here.
WHAT IS THE SHARE PRICE AND VALUATION?
The share price and valuation will be detailed on the Crowdcube pitch page. You’ll invest at the same terms and price as our lead investor, Active Partners who is investing £500,000 as part of this round.
WHAT IS PRIORITY ACCESS?
Priority access allows you to invest in Northern Monk before our campaign opens to Crowdcube’s wider audience. It’s our way of giving our loyal customers and supporters the first opportunity to become co-owners.
WHO AM I INVESTING ALONGSIDE?
You’ll be investing alongside a mix of strategic angels and seasoned investors who believe in Northern Monk’s mission. We’re thrilled to be backed by leading VC, Active Partners famous for backing brands such as Honest Burgers, Rapha, Secret Cinema and more. Now, by you too!
WHO CAN INVEST?
Anyone over 18 can invest through Crowdcube, except residents of the US, Canada, Japan, and certain other countries due to local regulations. Crowdcube is accessible in over 180 countries.
ARE THERE REWARDS?
Yes! In addition to owning EIS-eligible shares, we’re offering exclusive investor rewards. Details on these perks will be shared soon, but they’ll include unique experiences and Northern Monk merchandise completely exclusive and one-off for this investment round.
HOW DO I MAKE A RETURN?
While investing in startups is high-risk, there are several ways you might see a return. Our focus is on growth, so short-term profits will be reinvested. Long-term, returns could come from a public offering, a buyback of equity, or other liquidity events. However, there’s always a risk of losing your investment.
I’VE REGISTERED FOR PRIORITY ACCESS, WHAT’S NEXT?
Thank you for registering! We’ll notify you when our campaign goes live on Crowdcube. Be sure to check your email for updates and complete your Crowdcube profile to be ready to invest.
WHAT HAPPENS AFTER I INVEST?
Once you invest, you’ll receive confirmation from Crowdcube. From there, we’ll keep you updated on our progress and your rewards. More detailed information will be available on the Crowdcube platform.