Skip to main content
Case study · Experiential entertainment

A no-phones entertainment brand, and a building to showcase it

LOST had a concept. Together we helped them prepare for and raise a seed round, prove the concept and build a meaningful audience. There was still no model, raise plan or growth plan an investor could test. We built one quickly, with the plan and the investor materials that went out with it.

ProvesPlan, model and investor materials, in days
Client
LOST - Fabien Riggall
Engagement
£6.5m raise, Lost City flagship
Perfume bottles and paper scent strips on a dressing table, with a person reflected in a bulb-lit mirror in warm orange light.
Photo: Luke Dyson
The situation

Fabien Riggall had already built Secret Cinema. LOST was the next: live entertainment with the phones left at the door. It needed a proof of concept, then another step up to its flagship, the old London College of Fashion site, turned into Lost City.

There was no financial model an investor could test, no plan built on it and no cap table ready for new money. We built all three, and the investor materials with them, in days rather than weeks.

What we did

Four workstreams, in order

  1. The five-year model

    We built it from the operating detail rather than a template, and consolidated the group accounts into it so there was one set of numbers rather than several. We delivered innovative investment structures to solve for the unique facts for the vehicle.

  2. The business plan

    We wrote it around the model rather than alongside it, so the narrative and the numbers could not drift apart. It covers the flagship site, the audience, the operating model, and what would have to be true for the plan to hold.

  3. Cap table and shareholders

    We reworked the model's structure for shareholders and incoming investors, so the effect of the raise on existing holders was legible rather than something to take on trust. We ran the shareholder communications too.

  4. Investor outreach

    We built the target list, took the raise out to strategic and financial investors ourselves, and ran the follow-up. Fabien was in the conversations that mattered and none of the ones that did not.

  5. Alongside all of it

    Events and campaign delivery from inside our own team, and the investment documents themselves. The legal work came last, not first.

Where it got to
£6.5m
Raise mandate for the Lost City flagship
One model
Group accounts consolidated, headcount reconciled

We still hold the model.

Who ran it

The people in the first conversation ran the deal.

Next · Case study · Energy technologyA sale to Octopus Energy, without a second adviserKuppa's software assesses a home's solar, heat pump and battery potential in seconds, from satellite and smart meter data, with no surveyor visit. We ran the sale to Octopus Energy, both the transaction documents and the completion accounts, so the sellers engaged one adviser rather than two, and the deal signed ahead of the agreed timetable.

Call us before, not after.

If this is the shape of what you need, we should talk. The earlier the call, the more we can add. The first conversation costs nothing.