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Asset 1005


Bring on the Clowns.

This is another fine mess. Celo raised £148k on Crowdcube in July 2018 - company name Artis FS Ltd. The filing at CH confirms the transaction in shares. But the accounts for YE August 2018 state the company is dormant with just £100 on balance. No notes. 

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One of the two founders has left his post and the latest shareholder list (with updates) dated August 18 has no mention of anyone other than the two founders. 

The 'website' has a button to take you to early access which is a dead end. Its 'Careers' button takes you 3 FT tech job vacancies in Chennai India and 'Investors' takes you to confirmation of the Crowdcube raise. That's it. Celo is also a totally separate company offering services to medical professionals and another separate US based financial services app.

A helpful article dates April 18 https://www.businesscloud.co.uk/news/insurtech-start-up-crowdfunding-to-disrupt-the-industry in which the founders are described in the first line as Tech Entrepreneurs, says that the full open beta will be available by August 2018. No sign of it in June 2019. 

So now we have cleared that up for, lets get on with the real slap stick. Oh no we wont!

Tuesday June 11, 2019

Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.