REFRACTAL INTELLIGENCE LIMITED develops a runtime trust layer for enterprise AI agents. This product Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2026-04-08 | £715k |
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Accounts not filed
Capital raised per employee divides the equity REFRACTAL INTELLIGENCE LIMITED raised in the last six months by the headcount in its most recent filed accounts. It is a rough read on how capital-intensive the business is: a high figure means the company is raising a lot relative to the number of people it employs, which is typical of hardware, biotech and other research-heavy businesses. Headcount comes from annual accounts and so lags the funding date, often by a year or more.
A share class is a category of shares carrying its own rights over voting, dividends and what happens to the money if the company is sold or wound up. UK companies typically issue Ordinary shares to founders and employees, then create a new Preferred class at each funding round, giving investors priority on proceeds ahead of the Ordinary holders. REFRACTAL INTELLIGENCE LIMITED has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE ORDINARY SHARES HAVE FULL VOTING RIGHTS. THE ORDINARY SHARES HAVE FULL DIVIDEND RIGHTS. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION, WINDING UP OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF OR PROVISIONING FOR ITS LIABILITIES SHALL BE APPLIED (A) FIRST IN PAYING THE HOLDERS OF THE DEFERRED SHARES A TOTAL OF £1.00 FOR THE ENTIRE CLASS OF DEFERRED SHARES, (B) SECOND, WHERE A PRO RATA DISTRIBUTION AMONG ALL EQUITY SHAREHOLDERS WOULD RESULT IN ANY SERIES SEED SHAREHOLDER RECEIVING LESS THAN THE PREFERENCE AMOUNT PER SERIES SEED SHARE HELD, THE BALANCE OF THE SURPLUS ASSETS REMAINING FOLLOWING PAYMENT OF THE DEFERRED RETURN SHALL BE DISTRIBUTED: FIRSTLY, 99.99% TO THE HOLDERS OF THE SERIES SEED SHARES (PRO RATA TO THE PREFERENCE AMOUNT OF EACH SUCH SERIES SEED SHARE) AND 0.01% TO THE HOLDERS OF THE ORDINARY SHARES (PRO RATA TO THE NUMBER OF SUCH ORDINARY SHARES HELD), UNTIL THE SERIES SEED SHAREHOLDERS HAVE RECEIVED AN AMOUNT EQUAL TO THEIR PREFERENCE AMOUNT PER SERIES SEED SHARE, AND (C) AS TO THE BALANCE OF THE SURPLUS ASSETS, IF ANY, 99.99% TO THE HOLDERS OF THE ORDINARY SHARES ON A PRO RATA BASIS TO THE NUMBER OF ORDINARY SHARES HELD AND 0.01% TO THE HOLDERS OF THE SERIES SEED SHARES ON A PRO RATA BASIS TO THE NUMBER OF SERIES SEED SHARES HELD. THE ORDINARY SHARES ARE NON- REDEEMABLE.
THE SEED SHARES HAVE FULL VOTING RIGHTS. THE SEED SHARES HAVE FULL DIVIDEND RIGHTS. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION, WINDING UP OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF OR PROVISIONING