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Cheeky Panda Makes Seedrs Return & Rapidly Doubles £750,000 Funding Goal Previous to Going Publicly Reside
Lower than a 12 months after elevating £1,594,138 by its earlier Seedrs spherical, The Cheeky Panda, a 100% extremely sustainable, low carbon, bamboo tissue product model, has returned to the fairness crowdfunding platform and has already greater than DOUBLED its £750,000 funding goal previous to launching the funding spherical publicly.
As beforehand reported, The Cheeky Panda defined that bamboo grows 30 instances quicker than timber and it’s the pure sustainable different to tree-based bathroom tissue. The corporate additionally revealed its founders Chris Forbes and Julie Chen are utilizing bamboo merchandise as an answer to individuals and firms which can be in search of natural, pure, and sustainable alternate options for on a regular basis merchandise.
“Whereas the main bathroom tissue manufactures have targeted on tree pulp, Bamboo is extra pores and skin pleasant, luxurious different that’s extra sustainable and prices the identical.Virgin Bamboo pulp is a naturally nutritious, versatile and softer commodity than tree bark.It’s naturally anti-bacterial, anti-fungal, hyper-allergic and odor resistant. Recycled paper requires chemical chlorine and de-inking brokers to remodel it. Not good!! Bamboo alternatively doesn’t require any harsh chemical within the manufacturing course of which means that you just get pure luxurious and tender tissues which can be type to your bum!”
The Cheeky Panda additional defined that it’s a class disruptor as we consider family tissue has seen little or no innovation over the previous few many years.
“Customers search extra genuine and environmentally pleasant manufacturers and that is resulting in mass adoption of the merchandise and tons of of 5 star evaluations throughout a number of platforms together with Amazon, Morrisions and Ocado.”
With reference to what this crowdfunding marketing campaign’s funds will probably be used for, The Cheeky Panda added:
“Whereas the corporate has a good stability sheet, as a way to assist the buying of ever bigger portions of merchandise to get gross sales to £20 million a 12 months we’re going want extra working capital to assist progress. It isn’t getting used for salaries or different mounted prices.”
The Cheeky Panda is at the moment providing 1.40% in fairness at a £52,649,748 pre-money valuation.
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