Story Terrace, a London, United Kingdom life story writing startup, raised £617.2k in equity crowdfunding.
Story Terrace raised the capital via Seedrs at a pre money valuation of approx. £3.96m.
The company intends to use the funds to continue to expand its business reach and its bool of writers.
Led by Rutger Bruining, CEO, Giles Schippers, CMO, and Robert Desmond, CTO, Story Terrace allows people to work with a professional writer and turn anyone’s life story into a 100-page book.
It works by matching customers with one of the 400+ writers based on their location, personality and background. Later, customers are interviewed at home, and their writer drafts their life story, which is edited in-house and approved by the customer. Finally, Story Terrace prints hardbound books, including photographs.
In 2017, the company’s revenues grew by 125% and gross profit by 183%. During the lifetime, they have generated £1.3M of revenues with mre than 475 book packages sold.