Kokoon help people relax and sleep easier through clinically validated audio and intelligent headphones.
- New in-ear product launching soon
- Growing rapidly with Q1 2020 sales 3X 2019 period
- Over 20,000 products shipped in 2019
Healthy sleep & mental health is now more relevant than ever. Kokoon are raising investment to respond to this demand and launch their much anticipated new in-ear headphone. After a great start to the year with over 3x YoY sales growth for Q1, we believe Kokoon is now ideally placed for tremendous growth.
2019 was a record-breaking year for Kokoon. We set new sales records month after month, and shipped over 20,000 products. We’ve carried the momentum into 2020 with new products transitioning to mass manufacture and strong sales growth.
With our increasingly relevant proposition and our upcoming in-ear product launch we believe we are on the cusp of the next phase of company growth. Our in-ear product has been testing extremely well with customers and coupled with its excellent margins and pricing we believe it will prove a game changing, company defining product.
To launch the new product, mitigate COVID impacts and achieve profitability Kokoon is raising a minimum £650,000 of investment from existing investors. BlackFinch Ventures has invested the first £400,000 of this and we hope you’ll join and support the business at this very exciting time for the business.
As this is a private campaign for existing shareholders and a limited number of investors who have self-certified as sophisticated or high net worth, limited information is being provided at this time.
You may request more information from the business, but please note that any such information has not been reviewed or verified by Seedrs.
For existing shareholders more information on how your pre-emption rights works can be found at:
All investors in this round will be issued Ordinary Shares.
The company also has two existing classes of preference shares (“Preferences Shares” and “A Ordinary Shares”) which enjoy a 1x participating preference. Lead investors in earlier rounds representing £521,999.92, received Series A Ordinary Shares and Preference shares.
The preference shares have a right to receive 1x their initial investment ahead of ordinary shareholders in the event of a liquidation, distribution of proceeds or exit. Once this preferential return is paid out, the remaining proceeds are distributed amongst all shares on a pro-rata basis. It has been agreed that these will be adjusted to a non-participating preference should the company raise a £5m funding round (from at least 50% new investors) at a minimum pre-money of £20m in the future.
he company has the following outstanding loans:
£50,000 Government Bounce Back unsecured loan at an interest rate of 2.6% per annum with no interest for the first year. The loan is to be repaid after 6 years.
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