Primorus invested £200,000 in WeShop Limited (“WeShop”) on a pre-new money valuation of £25m. WeShop is a new way to shop online and earn rewards. Users can browse millions of products from many top brands, discover which have been recommended by people known to them and earn rewards to withdraw as cash or donate to charity. WeShop allows the user to shop with friends to share ideas and gain inspiration, with everyone earning rewards. An AIM IPO is planned to take place during 2018.
In November 2017 we invested a further £675,000 in WeShop at £5.86 per share.