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Shavekit

Follow-on - Pre-emption

Shavekit restocks men's bathrooms with razors and other high quality grooming supplies.

EIS

Location
Wallington, United Kingdom
www.shavekit.com

Categories: Home & Personal Non-Digital B2C

Investment
sought:
£750,006
Equity
offered:
15.61%
Funded 18 Aug 2017
Investment
amount:
£798,017
Valuation
(pre-money):
£4,055,191

Team

Idea

Introduction

Now in our 4th year of trading Shavekit.com is a proven concept seeing consistent growth with over 60,000 customers (20,000 active).

We’ve continued our philosophy of lean growth, keeping overheads low and focusing on improving the key drivers of our business performance. This has put us in a great position of burning minimal cash.

We’ve moved out of our central London office to a combined warehouse and office in Surrey, cutting our rent and fulfillment costs, hired a warehouse team, taken on flexible customer service staff.

The company has a loan of £30,000 that it is paying back at c. £2,000 pcm.

This is a pre-emption campaign open only to existing investors. As such, limited information is being provided at this time.

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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.

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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.
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.