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Convertible
Investing via a convertible loan gives you the right to convert the invested amount into share certificates of this company in the future
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OUTTV Media B.V. team 14
OUTTV Media B.V. Utrecht, NL

Number 1 in gaylifestyle OUTtv

After being a market leader in gay-lifestyle TV for over a decade, we are taking an exciting next step: the launch of our interactive 'Gay Netflix' platform.

$117,140 INVESTED
67%
$174,663 38
Required Days left
7.00% 5 years
Interest rate Duration
The concept

Summary issue

  • Issuing entity: OUTTV Media B.V.
  • Type of issuance: Convertible loan
  • Issuance amount: € 150.000
  • Minimal nominal value per participation: € 20
  • Use of funds: Further development platform
  • Risk profile: High (Click here for more information on Symbid risk profiles)
  • Interest rate: 7,0% (single)
  • Secured: None
  • Repayment: After five years possibility to extend with two more years
  • Possibility for early repayment: Yes
  • Compensation early repayment: 10% compensation for investor when early repayment
  • Conversion: Under certain circumstances you can convert to shares of OUTTV Media B.V.
  • Symbid costs issuing entity: 7% success fee (Excl. VAT)
  • Symbid costs investor: 1% administration fee (Excl. VAT)


Summary issuing entity


The opportunity

You would be investing in an existing business that - with your help and that of the European Commission - will be making a big push from 2018 onward. The EU already supports our expansion by granting us a subsidy of € 300.000 which will considerably leverage your investment. Click on the picture below, or watch the video above to hear Marc Putman explain the opportunity!



Quotes from the jury of the television program THE PITCH:

  • Annemarie van Gaal – Ondernemer en Columnist /presentator

Ik heb vooral iets met Marc als ondernemer; hij heeft bewezen dat hij de afgelopen 10 jaar een succesvolle track record heeft opgebouwd. Daarom zou ik hem volgen met zijn nieuwe project.

  • Pim Bertens – Ondernemer en Oprichter BINCK BANK

OUTtv heeft dit nieuwe tv-platform echt nodig en ik denk dat de toekomst deze richting op zal gaan, daar ben ik van overtuigd.


The challenge

The TV-industry as we have known for years is rapidly changing:

  • An industry wide decline in traditional TV consumption has put our margins, as well as our revenues under pressure

  • Many operators in less emancipated countries are still reluctant to accept gay-lifestyle content, which is a huge barrier to entry new markets.

  • New digital media technology is changing viewing behaviour. People decide where and when they watch TV content, instead of following the schedule of traditional TV channels.

  • Viewers can easily switch from one provider to another, because of the increase of online video platforms.

The solution

OUTtv PRO, a new way of watching television:

  • With our new service we can cater to our target group directly, so we are no longer solely dependent on traditional distribution channels.
  • OUTtv Pro gives our users control of their viewing schedule. It offers viewers the possibility to make their own decisions and create their own world of content.
  • The new service is designed to keep viewers engaged by integrating TV-content with interactive functionalities, so they can connect, chat, date etc. with each other.

Upward potential

Our upward potential is enormous:

  • We are the largest, most recognized content brand in a target market that consists of 6.5% of the global population and has a total spendable income of $ 37 trillion.
  • We can immediately start offering our service to a community of more than 40 million people in Europe and Latin America, because of the high scalability of our new OUTtv Pro proposition.

Launching roadmap

The first version of OUTtv Pro will be launched in the Netherlands.

Followed by Belgium, Germany, Austria, Switzerland, Israel and Sweden in 2017/2018.

For a detailed overview please visit the "Subscribers" tab in the full business case on the attachments page.


Unique Selling Points

We have run a successful LGBTI* TV business in the last decade and gained valuable insights into our success factors and unique selling points:

  • Our leadership team has more 25 years of experience
  • We are Europe's leading LGBTI content brand
  • We have an extensive international network, partnerships with all major cable and telecom companies and contracts with LGBTI content distribution companies

* LGBTI = Lesbians, Gay, Bisexual, Transgender and Intersexual

Revenue model

We will offer a Business to Consumer model, with a monthly subscription.


Achieved so far

Since our launch in 2008 we have managed to become market leader in gay-lifestyle broadcasting and are the most recognized brand in our target market.

Required investment and purpose

We are looking for crowdfunding investment of € 150.000 to add social interactivity to the OUTtv Pro TV platform and expand to new markets. We do so in the form of a convertible loan. Curious what a convertible loan is? Or how the OUTtv convertible loan works? Click on the picture underneath where Jeroen Bontje, CMO Symbid, explains how everything works.




Break-down of investments need



Incentives

On top of our financial offer, we have created a great incentives program:


General risks of investing in SME’s

  1. Negative impact through changes in rules and regulations by political decisions
  2. Changes in macro-economic conditions
  3. Performance of issuing entity is dependent upon functioning of board members
  4. Risk of competitors in markets where issuing entity is active
  5. Tax risks through changes in regulations, new regulations or political decisions

Company specific risk factors

Lower market share

Despite our conservative estimation, the penetration rates fail to meet our expectations. This would cause a major disruption to our ability to grow and your return on investment, but would not necessarily have to be an existential threat to the company, because of the ongoing existing business and its simultaneous expansion.


Higher costs

The costs growing faster than anticipated would also impede growth and substantially slow down the planned expansion, because we will not spend beyond our means.


Fierce competition

A big competitor with more financial means entering our market space could undercut our price and eat away at our subscriber base. Depending on our market share and business value at that point, we would either look for additional funding, or a larger party to acquire us.


High churn rates

When our subscribers are less loyal than we anticipated and our churn rate turns out to be substantially higher, our marketing costs could increase to the point that it would endanger our growth. This is a real concern for us, therefore we have added many smart social features to keep subscribers interested to use the service daily.



Risks while investing through convertible loans

Loss of capital

Lender issues a (subordinated) convertible loan to convert at a later stage to depository receipts to become a shareholder of the company. Lender expects an (exponential) growth of value of the company with the possibility to sell the depository receipts with a capital gain. However, in most situations such capital gains do take more than an additional five years after conversion to be realized. In exchange for the possibility of a high return in case of a scenario of exponential growth of the value of the company, there is a risk the investment will be lost in case the company is not doing well.


Subordination of loan

The lender agrees that its claims against the borrower under the convertible loan agreement used on the Symbid platform rank below all other, non-subordinated, claims against the Lender as referred to in Section 3:277.2 Dutch Civil Code (‘BW’).


Please be informed further on our general risk page about the risks as outlined above and find out more on our default reporting before you start investing.

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Marc Putman
CEO

After being responsible for new business development within the cable and pay-tv business for years, I decided to explore the opportunity of launching our own gay-minded TV channel in 2004. The rise of niche TV channels made this dream possible in 2008, when I launched OUTtv in the Netherlands.
We now run our business with multiple channels in various countries in Europe.

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Ian van der Putten
Partnership Manager and Business Dev.

Ten years of experience in business development, acquisition and partnerships. Working for OUTtv for almost 10 years. In these ten years, I listened, talked and interacted with our partners: consumers and stakeholders. To create new business opportunities and find new partnerships and strengthen existing partnerships in all the different territories where we serve the LGBTI community, is the most

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Annemarie den Daas
Managing Director

When I joined OUTtv in 2013 I had already spent more than two decades working in several roles at Endemol Multi Media company: executive producer, editor and director in television production. In 2004, I was one of the first in the Netherlands to set up a digital (broadcast) channel and VOD platform. As managing director at OUTtv I am responsible for all departments and the daily operations

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Fabian van den Ende
Marketing & Promotions Manager

Marketing and building brands runs through my veins. The past years I've been responsible at several large entertainments- and broadcasting companies for branding, rebranding and visualizing ideas for different target audiences.

As a Marketing & Promotions Manager at OUTtv I am responsible for the marketing strategy and activities concerning OUTtv and the OUTtv Pro's platform.

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Steven Hoogsteder
Multimedia & Motion Grafics Designer

Pixel passionate at OUTtv; Visual veteran with 17+ years of experience in media and online companies. Hovers between the marketing and production departments, keeps himself busy with everything visual at OUTtv. From pride promo trucks to print and broadcast promo's or online messages, animated or still, it comes from.. or goes past me

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GJ Kooijman
Social Media Manager

I bring a wide background in (social) media experience from working at WeTransfer, KLM, BNN-Vara and Televizier. I also insert a productional passion, thanks to producing events like Mysteryland, (Euro)Pride Amsterdam, Milkshake Festival, Ziggo Dome. As Social Media manager at OUTtv, I am responsible for activating the users, engaging the community to convert them into subscribers.

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Emil Halbe
Manager Operations

In the past, I worked for Liberty Global/DMC where I was responsible for Discovery Channel and the History Channel. Now working at OUTtv where I am Traffic Manager for all OUTtv channels in the Netherlands, Belgium and Sweden. While at the same time working hard at the development of the OUTtv Pro platform.

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Julie NG
Content marketing and schedulling

With a background in film production and film distribution, I have expanded my field to writing a cook book, developing my own documentary and television. At OUTtv I am responsible for the coordination of metadata for the new platform and program scheduling for OUTtv the Netherlands, Belgium and Sweden.

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Natascha Jansen
Productions manager & Senior Editor

During my professional education my passion for video-editing started. With 25 years of experience at different production houses in Amsterdam and Hilversum I am proud to be a part of the openminded world of OUTtv. In my role as a senior editor I can show my creative and organizational skills in this inspirational company.

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Richard Derks
Video editor and camera man

I am graduated at 'College of Audiovisual production' in Bergen op Zoom. During and after my studies I worked at different TV stations as Camera Operator & Video-Editor. I started working at OUTtv in 2015 as Camera-operator and Video-editor. Beside that I run his own company in Sound Reinforcement.

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Ria Feiersinger
Finance management

35 Years of experience in administration, HR and management support. For 4 years I am working for OUTtv as a finance manager. My role as treasurer includes support of the management team in a variety of operational decisions, budgeting, engaging in cost reduction analysis, and reviewing operational performance.

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Marielle Leering
Program manager

I get inspired by helping companies strengthen their position in highly dynamic and competitive markets, and I am passionate about disruptive and new (digital) business strategies. I am an experienced consultant with an excellent track record of international strategy and business development achievements.
Thanks to my work, companies stay innovative and maintain and strengthen their position.

Legal structure

The issuing party is a B.V. incorporated under the laws of the Netherlands in Utrecht and registered with the chamber of commerce under 30236905 The address of the issuing entity is Hengeveldstraat 29, 3572KH, Utrecht. The website of the issuing entity is http://www.out.tv/nl/.

Contact person: Marc Putman.

The issuing entity’s board consist of Medinvestors B.V. (M.Putman), en OD Media B.V. (J.Pijnenburg & F. Ouwendijk).


Human development

Currently OUTtv has 17 employed at the head-office of the company in Utrecht and in our local markets in Sweden, Belgium and Germany we do have local marketing experts working with us. Next to that around 12 free-lance and contractors are daily working on the subtitling and localisation of our tv-programming. 

The product

OUTtv Pro is an on-demand interactive TV platform aiming at the LGBTI* community in Europe. This TV platform is aimed at IP devices such as smart phones, tablets and PCs, so it is possible to use this service everywhere at any time.

  • A social experience

After opening the service users can search for content, scroll, leave messages, click on items, read articles, watch movies and share their reviews and/or favourite movie scenes with friends.

  • A richer experience

The interactive character of OUTtv Pro brings a richer user experience than regular linear TV networks, or on-demand platforms such as Netflix. Instead of having a TV schedule determine your consumption, or only being able to select programs, OUTtv Pro offers you the possibility to view and interact with other users.

  • A new way of consuming television

OUTtv Pro offers a new way of consuming television. Its interactive nature allows rich user data profiles to emerge, so that users (after allowance by the user) can benefit from interesting recommendations by OUTtv Pro and other users.


Unique Selling Points

OUTtv PRO is a unique product:

  • 1200 hours of LGBTI movies, series and documentaries on-demand, (650 hours exclusive content)

  • Possibility to watch your local OUTtv Pro content abroad

  • 100% focussed on the LGBTI community·

  • Integration of content and social interactivity via Facebook, social platforms and new technological features, all in one platform 

Revenue model

OUTtv Pro offers an online subscription model

Retail price € 7,99 per month

  • The interactive service is available for everyone and freely downloadable, promotional content is free for registered users. Users can have a look and get the feel of the service
  • OUTtv Pro has a monthly subscription model
  • Special unique movies will have a transactional model
  • Ecommerce: tickets for festivals, clothing, etc. will be offered 

Based on our current business model our benchmark is based on a take-up rate of about 12-15% of the current LGBTI-audience; since we're aware that the market acceptance might be different in various new markets, we downsized this benchmark take-up rate to less than 5%; even with these lower penetration expectations our business will grow heavily within the upcoming five years. 


Revenues derived from transactions are not included in this business case and revenues from advertised based TV consumption or third parties are kept very low due to the uncertainties of these new revenues at this stage.

Scalability

OUTtv Pro is an online service. The potential to multiply revenues from with minimal incremental cost is considerable. Because the primary investment to build OUTtv Pro has been done, unlimited additional copies can be quickly cloned for almost no incremental cost.

OUTtv Pro is a scalable product which is jointly developed with our strategic partners Lizard-Apps and ODMedia. (see the blue textboxes below)
OUTtv Pro will be launched as a basic on-demand product to validate the model. After operating the platform with multiple customers paying the full price, the business model will be validated. In the next phase interactivity will be added and tested amongst focus groups.



Automation
The production processes are highly automated, working with proven process technologies (ingestion, data flows etc.), and minimum staff approaches.

Current status

By using our existing cash flows and (international) partnerships we have been able to develop the new OUTtv PRO proposition and have made the preparations for its role out.

During our 10-year life span numerous investments have been done in content and technology. With the development of our new "Gay Netflix" proposition the latter have risen. In 2016 the investment in technology and content totalled € 724.000 and has been paid for by operational cash-flows and reserves.


What we have in place as of now: 

  • The first LGBTI on-demand TV platform is ready and will be available in the app stores (iOS and Android) per 1st of December
  • A European grant of € 300.000 is submitted by the European Commission to support the development and promotion of European LGBTI TV programming to our new markets (Creative EU - MEDIA SUB-PROGRAMME 2017)
  • Many designated countries to expand to

Planned developments

Currently OUTtv Pro is an on-demand TV platform. Our aim is to add social connectivity and interactivity to the TV platform.


In conjunction with Lizard-Apps, we set up a roadmap for future development of OUTtv Pro.


Target group

We target all LGBTI people in Europe (> 25 million viewers) as well as gay friendly audiences. Because most of the viewing content for Spain and Portugal, can also be used for the Latin American markets, we will also expand here.

Our targeted audience have a high disposable income (double income, mostly no kids), are front runners about new technologies and services and are sufficiently addressable via our channels.


Underneath you'll find the roll-out plan, with its different stages:


Market size

The current size of subscribers /viewers is more than five million addressable viewers in the current footprint in Europe.

Our goal is to reach more than 40 million viewers in Europe and Latin America in the upcoming seven years; and extend our market intensively.

Competition

Video platforms

Offer entertainment: movies and docs, but only having very small library of LGBTI content.

  • Netflix
  • Amazon.com
  • Videoland

Gay video platforms

REVRY Re-publish and curate free LGBTI content. Do not offer premium content, just a one size fits all (not localized, only English language)

HERE TV - American provider with limited offer of own produced LGBTI-programming (currently 50 library titles); focus on USA market

OUTtv GO- Canadian TV LGBTI channel, which we have been working with over the last 10 years. They launched their OUTtv GO proposition in autumn 2016.


PLUS- is an American newcomer that will focus on films, TV shows and live events. This new subscription is based on a streaming service and will be available on iOS, Apple TV, Roku and Android.


Gay-minded websites

Offer entertainment and information, pictures and videoclips. But do not offer premium LGBTI content. Cannot scale up to a TV platform with premium content. Because OTT* rights are combined with (PAY) TV rights.

  • www.thegailygrind.com
  • www.pinknews.co.uk

OTT stands for “over-the-top”, the term used for the delivery of film and TV content via the internet.


Dating Apps

Offer a place to meet other LGBTI persons. Cannot scale up to a TV platform with premium content. Because OTT rights are combined with (PAY) TV rights.

  • Grindr
  • PlanetRomeo

Depending on how competition is defined, the competitive landscape varies considerably. As for now competitors offer only small parts of the features and portfolio of OUTtv Pro.


What makes OUTtv Pro unique is that it offers a variety of value adding elements in one place. Our extensive testing has shown that the LGBTI community does not want to constantly switch from one service to another, but prefers an integrated solution. By having movies, TV, eCommerce, news and a variety of social functionalities in one place, OUTtv Pro offers our community a unique experience.

Customer feedback

Five million viewers in Europe are addressed with the current OUTtv service. Via various extended tiers packages:

  • The Netherlands (via KPN and Ziggo)
  • Belgium via Telenet
  • Luxembourg (via Post Luxembourg)
  • Germany (Net Cologne)
  • Sweden (ComHem, Telia)
  • Israel (HOT)
  • Denmark (TDC). 

Via premium and extended tier subscriptions we receive our monthly income based on mid-term contracts (2-3 years).

(72% of the LGBTI households have double income, no kids)

Customer feedback

We recently announced the launch of our new interactive social TV platform and within 4 weeks more than 4500 new hot prospects signed up in the Benelux, 2500 hot prospects signed up in Germany within 2 weeks.

Supportive reactions from our current LGBTI customers, followers, key personalities, influencers, and early adapters. Supportive reactions of the first group of users.


New customers

Our goal is to get 100.000 subscribers in the next three years

  • Year 1 -   15.000 subs
  • Year 2 -   50.000 subs
  • Year 3 -  100.000 subs

Sales pitch


What has been done before

  • 4.500 Hot prospects, signed up to be the first to get OUTtv Pro in the Benelux
  • 2.500 Hot prospects, signed up to be the first to get OUTtv Pro in Germany

Marketing & sales channels

  • Marketing channels to address the audience directly:  
    • Current reach of five million European addressable viewers a month

  • Marketing channels via our media partnerships:
    • 90.000+ European newsletter subscribers
    • 39.000+ European social media followers
    • 10.000+ European premium subscriber, stand-alone product
    • Contracts with all major LGBTI content distribution companies in the world 


Direct Sales Activities

To convert hot prospects, focus will be on specific channels.

Sales channels including the percentages of the expected conversion in the first year:


Year 1. 15.000 subs
  • App Store: 15%
  • Google Play Store: 9%
  • Third party partnerships: 30%
  • OUTtv website: 42%
  • LGBTI online/offline shops: 4%

Year 2. 50.000 subs

  • App Store: 21%
  • Google Play Store: 15%
  • Third party partnerships: 41%
  • OUTtv website: 17%
  • LGBTI online/offline shops: 6%

Year 3. 100.000 subs

  • App Store: 24%
  • Google Play Store: 18 %
  • Third party partnerships: 39%
  • OUTtv website: 12%
  • LGBTI online/offline shops: 7%

Most of the marketing/sales activities will be focused on direct sales that lead to sales success. Conversations and meet our hot prospects on all kinds of events to uncover a buyers, buying journey. Activities that lead to getting names, create online visitors, downloads, networking, speaking engagements, sponsored seminars, meeting with centers of influence and/or asking for introductions.

Marketing objective

The Marketing objectives are:

  • Download OUTtv Pro 
  • Direct sales in existing markets
  • Direct sales in non- existing markets
  • Indirect sales in new markets by partnerships

The outcome of these marketing objectives will lead to 15.000 subs in the 1st year

Partnerships

  • OUTtv has partnership with all major cable and telecom companies within its territories in Europe
  • We have the support of social-, cultural- and political rights organization
  • OUTtv has already closed partnerships with several LGBTI media companies:
    • The largest gay media companies in Germany, Austria, Sweden and Switzerland
    • LGBTI rights organizations in Europe like COC, Cavaria, LSvB, Human Rights Watch
    • European LGBTI content distributors, European Pride organizations and LGBTI film festivals in Europe

For example we have partnerships with:

    • The largest LGBTI publisher in the world (1.5 million printed copies of different LGBTI magazines & 177.000 social media followers)
    • The largest German LGBTI Non-profit organization (104.000 social media followers)
    • The largest Scandinavian LGBTI magazine (31.000 copies & 90.000 active app users)

Turnover so far

The revenues for 2016 were € 1.332.000, which is based on our current TV business.

Projected turnover

We expect the revenues in euros for the next three years to be as follows:


                                                           2017             2018             2019

TV/advertising/bundled offers     1.367.000      1.438.481    1.643.964

Subscriptions                                    11.730        699.386     1.863.338

Total revenues                             1.378.730     2.137.867     3.507.302


For a thorough substantiation of this prognosis we invite you to review the full business case here.

Assumptions

We have been successfully operating our TV business for over a decade and have gained a lot of knowledge about the market in general and our target group. All our prognoses in the underlying business case are conservative estimates based on historical references, or industry averages. 


Conservative estimates

For instance; based on our own experience with premium/a la carte subscriptions at operator tv-platforms our take-up rate has between 12%-15% of the gay-male audience. In our current calculations prognosis however, we have used very modest rates, which will grow from a 0,5% to max 5% gross penetration within the LGBTI community. This rate is subsequently lowered even more to reflect both technical and social addressability, shared household use and churn.


Immediate expansion

Because we have been preparing this role-out for years, we can immediately expand to many designated countries. Combined with the scalable nature of the added proposition, we expect to double the number of markets we are operating in by the end of year. For 2019 the increase is estimated to be another two-thirds. 


For further information, we would like to refer you to the full business case that is enclosed. Here we have tried to fully disclose the underlying assumptions of our prognoses. 

Invested so far

During our 10-year life span numerous investments have been done in content and technology. With the development of our new "Gay Netflix" proposition the latter have risen.

To give you an example for 2016 the investment in technology and content totalled € 724.000 and has been paid for by operational cash-flows and reserves.

Investment requirement

Over the next three years we will make a big push, for which external capitalization is required. Because most of our investment need will be fulfilled by a European grant, the rest of the investors will have great leverage on their investment.


Total investment need   €    437.571 

EU grant                        €    300.000 

Crowdfunding                €    150.000 

Total (deficit)/surplus     €      12.429 


Break-down of investments by crowdfunding in 2017 and 2018

2017

  • Total investment to build the technology                     € 93.267 
  • Own investments already made                                - € 75.000 
  • Total investment from crowdfunding                            € 18.267
2018
  • Investment need technology platform                          € 129.323
Total investment from crowdfunding       € 147.590

Purpose of investment

The purpose of this investment is to improve our proposition and grow our business. In the summary above you will find an infographic with the breakdown of the use of funds.

Return

The convertible loan which will be issued to investors has an initial 5- year term during which 7% interest on a yearly basis will be accrued. Upon certain conversion triggers the investors can convert their total amount due to share certificates of OUTTV Media B.V. with a pre-agreed discount percentage ranging from 15-30% on the applicable valuation for new investors.  


Incentives

We have created a great incentives program on top of our financial offer. (For more detailed information go to the Summary)

Interested in a tailor made offer? Please leave a message via the pop-up in the right bottom corner.



Declaration issuing entity

No significant changes

Since the most recently published and audited Financial Statements of the issuing entity, no significant negative changes have occurred in the issuing entity’s prospects.


Trends

There is no information about known trends, uncertainties, requirements, obligations or events that can reasonably be assumed to have indispensable consequences for the prospects of the issuing entity, for the current financial year.


No significant alteration in the financial or trading position

Since the most recently published and audited Financial Statements of the issuing entity, there  has been no alteration of tenor in the financial or trading position of the issuing entity and the group to which the issuing entity belongs.


Corporate Governance Code

As the Dutch Corporate Governance Code only applies to companies with registered offices in the Netherlands, whose shares or certificates of shares are admitted to the official listing of a government-approved regulated market (securities exchange), the issuing entity (unlisted) does not apply this code.


Potential conflicting interests

There are no (potential) conflicts of interests between the obligations of the executive board members of the issuing entity on the one hand, and their own interests and / or other obligations on the other.


Procedures

There are no government interventions, court cases, or arbitrations, including such procedures that are pending or may be initiated, to the best of knowledge of the issuing entity, over a period of at least the previous 12 months that may have a significant impact, or have recently had, on the financial position or profitability of the issuing entity or the group to which the issuer belongs.


Figures

All figures in this information memorandum are not audited, unless explicitly stated otherwise.


Symbid and the platform

Some Background Information on Symbid

Symbid's operations largely consist of the acceptance and disclosure of orders for retail, wealthy, and professional investors. Through its activities, Symbid supports the interaction between affected investors and progressive start-ups and growing companies in the SME in the Netherlands. This involves the financing of various types of projects that realize a positive impact the society with the help of an affected group of investors or ambassadors. Our platform provides a non-personalized, online recommendation to a broad audience, by allowing organizations to profile their project in a transparent and financially sound manner, and to professionally build and maintain the relationship with its financiers / investors.


Other parties involved during the issuance

Structure

During the issuance, the following legal entities play an important role:

  • OUTTV Media B.V. (the issuing entity);
  • Symbid Crowdfunding, a trade name of Symbid Coöperatie UA., a cooperative association with limited liability, registered in Rotterdam, office at Marconistraat 16, Rotterdam, and registered in the commercial register of the Chamber of Commerce under number 52466825;
  • Stichting Symbid Loan Administration, a foundation, registered in Rotterdam, office at Marconistraat 16, Rotterdam, and registered in the commercial register of the Chamber of Commerce under number 64667448;

The foundation plays a role in managing the interests of the lenders in case of disasters, such as, if applicable, payment issues,  securing collateral and supervising the handling of cash flows between borrowers and lenders.