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Happy Drinks Co

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Pioneering a better, healthier way of drinking. . Zero sugar, Zero calories, Naturally

107%
 - 
Funded 26 Nov 2021
£5,000,010 target
£5,363,870 from 899 investors
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Business overview

Location Liverpool, United Kingdom
Social media
Website www.happydrinksco.co.uk
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 10843995
Incorporation date 30 Jun 2017
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Investment summary

Type Equity
Valuation (pre-money) £48M
Equity offered 10.04%
Share price £12.1
Tax relief

EIS

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Business highlights

  • State of the art UK manufacturing facility
  • Global Partnership with the Official Emoji Brand
  • Award winning plant-based products
  • Retail partners include Waitrose, M&S, Booths and more
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Key features

  • Secondary Market
  • Seedrs nominee min. £12.10 +
  • Direct investment min. £20,000.00 +
  • Idea
  • Team
  • Updates
  • Investors 899
  • Discussion
  • Documents

Idea

You may know us for our award-winning brand Skinny Tonic under the company name Skinny Drinks Group. We are pleased to announce that we have rebranded as Happy Drinks Co. The new name and progressive visual identity encapsulate the businesses ambition to eradicate the need for artificial sweeteners by giving people natural choices that are full flavour and free of restrictions. Simply put? We want to see more Happy People.

Introduction

Our founder was faced with a life changing illness when diagnosed with Type 1 diabetes. From having limitless choice, he now only had one! Chemically sweetened soft drinks.

We are on a mission is to revolutionise the soft drinks industry. We’re eradicating the need for artificial sweeteners by giving people natural choices that are full of flavour and free of restriction. Simply put? We want to see more Happy People.

No sugar. No artificial sweeteners. No calories. No catch.

We are instigators of real, tangible change. Our mission is to push the expectations, limits and buttons of our consumers, categories, and competitors. Challenging the industry to up their game by changing the rules. Pioneering a fresh, creative thinking to bring people new, exciting brands and a better way of drinking.

Freedom shouldn’t taste like compromise. So, we’re working to liberate each category with a proper, credible choice.

We're on our way to becoming a leading voice in soft drinks and sitting comfy as the authority on natural sweeteners.

Hear us loud and clear.

Substantial accomplishments to date

* March 2019 - launched the first to market zero sugar, zero calorie, nothing artificial tonic water with the core range of 2 flavours.

* August 2019 - Finalists for product innovation awards with major global retailer.

* January 2020 - Raised £1.8m in the first Seedrs raise; 300% oversubscribed.

* March 2020 - Launched new Skinny Tonic website and listed 6 flavours on Amazon.

* May 2020 - Agreed European license with Global brand Emoji to produce Emoji DRNK; a drink based on flavoured water which we consider to be among the healthiest kid's drinks in the world.

* June 2020 - Full estate listing with 4 flavours in Booths stores.

* September 2020 - Won an own label contract with major retailer.

* October 2020 - Raised £1.75m in conjunction with the Future Fund and received Food Matters award for 'new drink product of the year.

* July 2021 - Moved into our brand new 45,000 square foot HQ.

* August 2021- 4.7/5 TrustPilot score (with +1400 reviews)

* September 2021 - Launched Skinny Tonic to the On Trade at Imbibe ( Largest trade show in Europe).

* October 2021 - Confirmed significant contract wins with major UK retailer starting from April 2022.

* November 2021: First product on sale in Waitrose.

* January 2022: Secured new listings with Lidl and Marks & Spencer.

Monetisation strategy

We plan to sell each of the products in our range through the following channels:

1. Skinny Tonic
Priority Channels – Retail Mults, Convenience, On-Trade, International and On Trade, E Commerce

2. Emoji DRNK
Priority Channels – Retail Mults, Convenience, On-Trade, Discounters, E Commerce

3. Happy Soda
Priority Channels – Retail Mults, Convenience, On-Trade, International, E Commerce

4. Zero Gravity
Priority Channels – Retail Mults, Convenience, On-Trade, Discounters E Commerce

5. Soda Punks
Priority Channels – On-Trade, Retail Mults, International, E Commerce

6. Major Retail Contract Manufacturing

Use of proceeds

We will continue to invest in the marketing mix of our brand house as we aim to push shareholder value.

We will continue to pioneer NPD and develop exciting new flavours and packaging.

We have invested in a new state of the art fully automated canning and bottling facility with an array of market leading filling and packaging machines.

We will continue to invest in our team as we grow the business, and work to take the business from strength to strength.

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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 £47,991,274

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
  • 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.

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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

This is an option to invest and hold shares 'directly' in the company (rather than via the Seedrs Nominee). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

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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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