Freelance job platform Twine used this pitch deck to raise nearly $1.3m in early-stage funding

ABOUT

Twine is a creative, digital, and marketing-focused job platform that connects companies with talented freelancers who can pitch for available projects.

Based in the UK, the platform lets users sign up for free and takes a cut per transaction. Businesses, for example, are billed a 5% to 20% service fee based on payments made to freelancers. Job seekers, meanwhile, can pitch to up to 15 new clients, with Twine charging per payout. Companies and freelancers can also pay recurring fees to expand their access to the network and ditch some of the transaction fees.

Twine used this deck to obtain over US$1 million in early-stage funding.

Fundraising journey

• 2013: US$210,000 in pre-seed funding from undisclosed investors
• 2015: US$525,000 in pre-seed funding from undisclosed investors
• 2020: An undisclosed amount of seed funding from GC Angels, Greater Manchester Combined Authority, and private business angels
• 2021: US$560,000 of seed funding from a group of angel investors including Entrepreneur First venture partner Chris Mairs, Digital Catapult CEO Jeremy Silver, and Stephen Pankhurst, along with the Greater Manchester Combined Authority

How is the deck compelling?

• The pitch deck begins by sharing the opportunity presented in the freelance industry before pointing out its usual pain points and how Twine’s service solves them.
• Besides showing the supply and demand charts, the deck also gives out information on the company’s business model and route to market plan.
• After introducing the current team members, the deck provides more figures and data before its conclusion.

SOURCE

Deck: Twine