Tomasz Freier

Head of Compliance
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. Furthermore, I consent to the transfer of my personal data to our Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework. 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 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’.

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.

Tomasz Freier

Head of Compliance
Angels Den

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FREEFLOW TECHNOLOGIES

FreeFlow Technologies (FFT) have developed the world's lightest power to weight E-Bike System, allowing riders to travel faster and further for less effort. At the core of their system is the innovative, patent protected transmission system technology. FFT's E-Bike System technology was invented by Neil MacMartin, founder of FFT, who has had a lifetime in the industry through his family bike business, based in Glasgow. FFT strengthened its engineering team last year and is poised to deliver a market ready product, which will allow it to meet demand from a number of large global bike and automotive brands, in what is a rapidly growing market.

THE IDEA
Products & Services

The E-Bike System powers bikes that beat the competition on weight, power, energy efficiency and ride quality, both powered and unpowered. Bikes utilizing the system look better, as the system is fully concealed within the frame. There are further products/IP in the FFT innovation pipeline, including an even lighter, more compact E-Bike System which will be different to anything on the market and offer FFT the opportunity to take market share in the high volume Asian markets as well as Europe. Whilst the core focus is on the E-Bike System, FFT also have the M-Bike, an innovative single speed product that combines the best of fixed and freewheel bikes and has been received well by the trade.

Problem Solved

FFT's patented transmission system involves two one directional bearings, allowing electric motor and rider pedal power inputs, which both drive the bike's crank shaft, to be decoupled. This means that if a rider abruptly stops pedaling, or back pedals, there is no risk of damaging the motor. For this reason, a high speed motor can be used that is small enough to be housed in the bicycle frame, allowing the system to be powerful yet lightweight and compact, fully concealed within the frame. Most competitors have bulky external motors and battery packs. The system is patent granted in UK, NZ and South Africa, and patent published in a further 11 territories worldwide, including Europe, USA.

Revenue Model

The model is based on supply of E-Bike Systems to bike brands and automotive companies. FFT are also open to licensing their technology to established global brands with manufacturing capability. They are engaged with a number of customers in Europe, US and Asia, with the potential for orders from each in 10,000's of units +.

FFT are aiming for a gross margin of 50%+. Whilst the E-Bike System is their core focus, they have a second revenue stream through their M-Bike (an innovative single speed product). FFT have further ideas coming through their innovation pipeline.

Exit Strategy

The business is targeting £30m revenue and £10m EBITDA by 2020. Plan for investor exit will be through a trade sale, refinancing or market listing depending on business trajectory, with an opportunity for investors to make a potential 10x plus return. The cycling sector M&A market is currently very active, with a number of transactions taking place in 2016 and 2017.

Minimum Target £ 75,000 Maximum Target £ 350,002 Minimum investment amount £ 3,000 Maximum investment amount £ 120,000
Share On Website Visit site Location GLASGOW
Gallery

The Idea

Products & Services

The E-Bike System powers bikes that beat the competition on weight, power, energy efficiency and ride quality, both powered and unpowered. Bikes utilizing the system look better, as the system is fully concealed within the frame. There are further products/IP in the FFT innovation pipeline, including an even lighter, more compact E-Bike System which will be different to anything on the market and offer FFT the opportunity to take market share in the high volume Asian markets as well as Europe. Whilst the core focus is on the E-Bike System, FFT also have the M-Bike, an innovative single speed product that combines the best of fixed and freewheel bikes and has been received well by the trade.

Problem Solved

FFT's patented transmission system involves two one directional bearings, allowing electric motor and rider pedal power inputs, which both drive the bike's crank shaft, to be decoupled. This means that if a rider abruptly stops pedaling, or back pedals, there is no risk of damaging the motor. For this reason, a high speed motor can be used that is small enough to be housed in the bicycle frame, allowing the system to be powerful yet lightweight and compact, fully concealed within the frame. Most competitors have bulky external motors and battery packs. The system is patent granted in UK, NZ and South Africa, and patent published in a further 11 territories worldwide, including Europe, USA.

Revenue Model

The model is based on supply of E-Bike Systems to bike brands and automotive companies. FFT are also open to licensing their technology to established global brands with manufacturing capability. They are engaged with a number of customers in Europe, US and Asia, with the potential for orders from each in 10,000's of units +.

FFT are aiming for a gross margin of 50%+. Whilst the E-Bike System is their core focus, they have a second revenue stream through their M-Bike (an innovative single speed product). FFT have further ideas coming through their innovation pipeline.

Exit Strategy

The business is targeting £30m revenue and £10m EBITDA by 2020. Plan for investor exit will be through a trade sale, refinancing or market listing depending on business trajectory, with an opportunity for investors to make a potential 10x plus return. The cycling sector M&A market is currently very active, with a number of transactions taking place in 2016 and 2017.

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