BidSpace

Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

I Agree

Not Now

BIDSPACE

Improving B2B Enterprise Sales Performance.

£ 94,813

0 Days left

63% of minimum goal raised

Justin Ablett

Minimum Target

£ 150,000

Minimum investment amount

£ 2,500

Maximum Target

£ 254,902

Maximum investment amount

£ 200,000

Investment Opportunity

BidSpace is a digital sales & account management platform for enterprise B2B. Using BidSpace, sellers create a secure, personalised, interactive, mobile & social experience built around their buyer. The problem we solve: the buyer / seller relationship is broken. Buyers see decreasing value in sales; sales struggle to stand apart from competitors in new pursuits & fail to retain & grow existing contracts they fought so hard to win in the first place. The Outcome: improved relationship leading to better contract performance, enabling B2B sellers to win, retain & grow business. Our Story: MVP Nov. 2015. On-boarding one new client every month and paying customers including Sefas and Xerox.

THE IDEA

Products & Services

SaaS cloud based platform for sales & account management. Purchased by the seller for each client engagement. With BidSpace the seller shares content with the buyer in a personalised, interactive, mobile & social format. Everything from secure contractual info or proposals to case studies & 1:1 video. Buyers have a single point of access for their latest multimedia content, thought leadership, supplier team info & they can share the platform with colleagues in one click.
Sellers have live analytics on their client community & user interaction levels allowing them to manage their relationship & sales pursuits through insight not hindsight & to share the best content with the right people.

Problem Solved

Today’s B2B business relationship is broken. The Buyer sees decreasing value & results in traditional sales & account management. They accuse suppliers of failing to know them, not going beyond their SLA, changing leadership & not delivering innovation & additional contract value. The Seller disputes this but only sees their retention margins & rates along with same account growth reducing & their ability to differentiate & build a wide network is harder than ever. Today CEB say 53% of B2B decision making is based on the sales experience; BidSpace improves this buyer experience / relationship. This leads to better business performance & helps the seller win, retain and grow their business.

Revenue Model

Cloud SaaS model, charged to the seller per BidSpace platform (i.e. per seller / buyer engagement). One off up front creation fee per platform following by monthly charge. Av. £500 creation, £110 monthly charge. 3 month – 5 year contracts. 70-80% revenue is recurring. BidSpace deployment & use entirely managed by BidSpace customers. Direct Sales Model with automated invoicing. Target Customer Spend £30k-£250k per annum (10-200 platforms per customer). 100-150 customers to be on-boarded in 5 years in the UK. 4 month av. sales cycle for contract for proof of concept implementation; funded trials. Revenue to grow with each customer year on year as they move from POC to Enterprise wide use.