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Get Set Pet

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We are raising funds to accelerate our growth to become the ultimate destination for pet supplies.

93%
 - 
21 days left
£420,026 target
£392,068 from 102 investors
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Business overview

Location London, United Kingdom
Social media
Website www.getsetpet.com
Sectors Food & Beverage Digital B2C
Company number 11814871
Incorporation date 8 Feb 2019
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Investment summary

Type Equity
Valuation (pre-money) £12.4M
Equity offered 3.29%
Share price £50.74
Tax relief

EIS

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Business highlights

  • The UK’s #1 rated pet supplies business on Reviews.io
  • Since our raise last year our turnover has more than doubled*
  • An increase in subscription revenues of 173% YoY*
  • Secured partnership launching to a million customers
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Key features

  • Secondary Market
  • Seedrs nominee min. £50.74 +
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  • Idea
  • Investor Perks
  • Key Information
  • Team
  • Updates
  • Investors 102
  • Discussion
  • Documents

Idea

Introduction

We are Get Set Pet and we’re on a mission to help your pets live their best lives. We bring together expert knowledge, nutritious food and high-quality products and combine it with an exceptional customer experience.

Get Set Pet is the UK’s #1 rated pet supplies business on Reviews.io.

Since our last Seedrs raise our business has grown rapidly. We have been able to continually grow our subscription customer base and our annual turnover has more than doubled. Our goal is to accelerate our strong growth whilst raising the customer experience bar even further.

An estimated 17m households in the UK have a pet and with 3.2m households adding a pet to the family since the start of the pandemic Get Set Pet is well positioned to take advantage of the growing £4.1 billion a year pet supplies market.

We’d love you to be a part of the next phase of our journey.

Monetisation strategy

Our strategy is to retain customer sales through our exceptional customer experience and drive recurring revenue via customer loyalty and retention.

Most of our current sales are through a combination of direct website purchases and our subscription service - Get Set SAVE. Additional sales are achieved via third-party marketplaces which provides us with a great source for new customer acquisition.

Key to driving future sales growth and improving margin is increasing basket size. We have deployed an AI-driven tool to identify and target relevant customers via upsell and cross-sell activity. Focusing funds on additional marketing activities will help us grow our brand and revenues further.

This year we plan on introducing our own brand of pet food, treats and accessories with the aim of boosting margins and driving growth.

Our B2B partnerships with both private and large-scale public sector customers, together with our recently introduced Click & Collect service, represent further opportunity.

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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 £12,363,816

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.