Page 67 - Investing in Praetura Group - Christopher Carter
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67
            The Fundraise




            Sources and Uses









            Sources

            Committed                                £15.0m
                                                                                            Key Terms
            Additional Raise                           £5.0m
                                                                                            • Private Placement for C1 Ordinary Shares
                                                                      £20.0m                   in Praetura Group.

                                                                                            • C1 Shares enjoy a preferential return in respect of
            Uses                                                                               their issue price.

            Balance Sheet Funds                        £7.5m                                • C1 Shares to have the right to appoint an
                                                                                               Investor Director.
            Initial Stakes (Ventures, PDC)             £7.0m
                                                                                            • Pre-money valuation of £60.0m for the Group
            Ventures Seed Capital                      £3.0m
                                                                                            • £1m investment would equate to c. 1.25% of the
            PDC Seed Capital                           £2.0m                                   Group

            Fees & Infrastructure                      £0.5m

                                                                      £20.0m
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