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Livia's

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Fastest growing free-from treat brand in the UK. Always 100% plant-based, natural and indulgent.

192%
 - 
Funded 5 Aug 2020
£1,000,008 target
£1,938,036 from 1,399 investors
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Business overview

Location London, United Kingdom
Social media
Website livias.co.uk/
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 09209224
Incorporation date 9 Sep 2014
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Investment summary

Type Equity
Valuation (pre-money) £11.3M
Equity offered 14.58%
Tax relief

EIS

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Business highlights

  • Almost 7 million treats sold
  • Stocked in 3,200 UK stores. Tesco, Waitrose, Sainsbury’s & more
  • Mainstream appeal: 73% of customers aren’t vegan
  • 200k online following and super-fan customer base
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.31 +
  • Pay by Bank payments not accepted
  • Idea
  • Team
  • Updates
  • Investors 1,399
  • Discussion
  • Documents

Idea

Introduction

We’re on a mission to make better-for-you and indulgent treats accessible to everyone! Adding magic and innovation to the plant-based and free-from world.

We make naturally scrumptious treats that always hit the sweet spot. Our products have mainstream appeal while also catering for those with allergies and intolerances. We develop the recipes in-house and sell through major retailers (e.g. Tesco, Sainsbury’s & Boots) and online, via Amazon and our website.

Since launching in 2014, we’ve demonstrated that vegan and free-from products can be delicious, innovative and exciting. We enable people to feel good about their indulgent moments.

Life is too short to settle for anything less than everything – at Livia’s we are hungry for it all.

Our community has always been at the heart of everything we do. Now is the time for our community to be involved in another meaningful way… by becoming a Livia’s Investor.

Substantial accomplishments to date

2014

- Livia’s is founded: Olivia spotted a gap in the market for naturally scrumptious, free-from treats
- Raised £60k from an angel investor to help launch
- Olivia converts her parents’ kitchen for small-scale manufacturing and launches in Selfridges just 11 weeks after the idea was born

2015

- Now supplying Selfridges, Planet Organic, Whole Foods and high-end independent stores across London
- Blog created with Olivia’s baking experiments. It quickly becomes well-recognised for plant-based and indulgent food
- Book deal with Ebury for Livia’s Kitchen – an Amazon Best Seller

2016

- Moved from home kitchen to a contract manufacturer!
- Million Squares launches and sells out rapidly. Winner of Great Taste Award - the word was out: a new treat brand on the block and everyone wanted a taste!
- Raised £350k from three experienced angel investors

2017

- Going mainstream: topping £1m revenue with launches into Waitrose, Ocado, and Sainsbury’s

2018

- Nugglets launch is a huge success and distribution grows nationwide. Tesco and Boots join the family
- Team move to a new home in North West London, with their very own development kitchen!

2019

- Dunx range launches - the ultimate cookie and nut butter combo!
- Million Squares, Nugglets and Dunx stocked across 3,200 stores including Holland & Barrett and WH Smith
- £1million investment from Triple Point Venture Capital and angel investors

2020

- Launch Treat Boxes and Dunx Dips, with both selling out on the first day!
- Website sales increase by over 1,000%+ during lockdown (y-o-y)

Monetisation strategy

Livia’s sell across multiple online and offline channels. We supply major supermarket chains, specialist health stores, and are expanding into out-of-home too. We also sell directly to customers through Livias.co.uk and Amazon.

With a growing and loyal customer base, of which 49% of surveyed customers tell us they'd buy at least once a week, we see substantial incremental sales whenever we bring new products to market.

Our focus on growing revenue is driven by three things:

- First taste: driving trial with new consumers using our impulse range
- Building loyalty and basket spend with our multipack and sharing formats
- Trading consumers across into new innovative ranges

Moving forward, we’ll be doubling down on New Product Development and expanding distribution even further.

Plus, our huge digital fanbase is hungry for more – so we will be improving and growing our online customer experience. We’ll bring our brand-customer relationship to life with more online content, subscriptions, merchandise and events.

Use of proceeds

The foundations are all in place. We have a product that customers are “obsessed with”, a reliable supply chain and a team that is experienced, passionate and focussed.

Now, we want to invest in four areas to further our brand as the number one fastest-growing plant-based treat in the UK and become a well-known household brand worldwide. The four areas your investment will feed into are:

- new product development,
- growing our e-commerce platform (D2C),
- growing our marketing and sales teams, and
- scaling operations

By the end of 2021, we plan to have released three new product ranges, ensuring that Livia’s has something to offer for every sweet occasion. We aim to grow our online presence and direct-to-consumer business, as well as branch into whole new areas including cafes, travel and, when the time is right, expand overseas.

All investors in this round are receiving the same class of senior share as our lead VC.

Has all of this left you feeling hungry? Great, come and join us on this delicious journey. Here is what is in it for you...

Please note that any discounts and/or offer listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company's responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

Please note that the company has a £50k government bounce back loan. The funds raised as part of this round will not be used to pay back this loan.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

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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 £11,289,190

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
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  • 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.

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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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.

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Secondary market

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Direct investment

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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.

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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.

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