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Bombinate

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Bombinate is a marketplace connecting consumers to brands that care about quality and sustainability.

85%
 - 
1 day left
£1,000,001 target
£850,286 from 255 investors
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Business overview

Location London, United Kingdom
Social media
Website bombinate.com/
Sectors Home & Personal Digital Mixed B2B/B2C
Company number 10434750
Incorporation date 16 Oct 2016
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Investment summary

Type Equity
Valuation (pre-money) £16.4M
Equity offered 5.75%
Tax relief

EIS

Co investor Mother Ventures

Mother Ventures is the investment arm of Mother, one of the largest and most successful global independent advertising groups whose clients include, Ikea, Uber, KFC, Peloton and Target.

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Business highlights

  • Over 4.6 million quality enthusiasts visited our website in 2021
  • Over 433 brands from a dozen European countries sell on Bombinate
  • We already raised nearly £6M from expert and veteran investors
  • We have 35,000+ customers who spent $15M+* in 78 countries
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Key features

  • Secondary Market
  • Seedrs nominee min. £10.95 +

Idea

Introduction

Bombinate is an e-commerce marketplace connecting consumers to independent design brands that care about quality and sustainability in a $926 billion global market.

Fast fashion generates 92 million tonnes of waste every year. That is nine times more than the amount of plastic dumped in our oceans over the same period. Discarded furniture already accounts for 5% of the household waste in landfill.

Poor quality and hard to recycle items are cheaper to throw away than to repair. Worse still, most of this discarded furniture was only made within the last 15 years. The status quo just is not sustainable. Things have to change.

Bombinate exists to help people transition to a better quality, more sustainable lifestyle. We are a marketplace for quality products, made in workshops not sweatshops. We connect conscious consumers to independent furniture and clothing brands who care about what they make and how they impact society.

Monetisation strategy

By 2025, two-thirds of all online transactions will happen on a platform, yet the vast majority of our brands do not want to sell on Amazon or Etsy as they do not match their brand values. There is a massive opportunity to provide these brands with a leading commerce platform. Bombinate is a curated and integrated marketplace owning the customer experience, checkout and customer support.

- Bombinate's business model is based on commission on transactions that are agreed individually with each brand.

- Inventory-free marketplace; brands ship directly to the customer via our integrations.

- Custom-made marketplace tech-stack allows for scale and independence.

- Bombinate’s top 15% customers already order on average 3.63 times after 12 months and spend almost £1,000 in their first year.

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £16,385,792

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.