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The Good Pea Co.

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Spreading hap-pea-ness across the planet with our nutritious, tasty and sustainable Pea milks.

179%
 - 
Funded 16 May 2023
£100,008 target
£179,478 from 294 investors
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Business overview

Location London, United Kingdom
Social media
Website www.thegoodpeaco.co.uk/
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 12602434
Incorporation date 14 May 2020
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Investment summary

Type Equity
Valuation (pre-money) £1.8M
Equity offered 9.05%
Share price £18
Tax relief

SEIS

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Business highlights

  • 14,000+ nutritious, tasty & sustainable Pea milk cartons sold
  • Stocked in Selfridges, 30 Independent stores (UK & Dubai)
  • Vegfest Award 2022: Best Non-Alcoholic Vegan drink
  • The global plant milk market is set to be worth £123bn by 2030
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Key features

  • Secondary Market
  • Seedrs nominee min. £18.00 +
  • Idea
  • Investor Perks
  • Key Information
  • Team
  • Updates
  • Investors 294
  • Discussion
  • Documents

Idea

Introduction

Meet the pea milk brand born out of lockdown. We, Nikki & Su, realised that existing plant milks, lack protein, sustainability or were full of oils.

So we created our own, so the 48% of Brits who buy plant milk today can enjoy nutritious, tasty and planet-friendly plant milks, made from the goodness of yellow split peas and coconut cream.

Our Original flavour contains 34g protein/l and 150% calcium content of cow’s milk with added B12, D and Iodine. Our Barista froths like a dream in tea and coffee.

Our hero ingredient; the Yellow Split Pea, is nitrogen-fixing, meaning little-to-no fertilisers are required in the fields, keeping our lakes and oceans cleaner. Our milks are manufactured in the UK and our packaging is fully recyclable.

Our award-winning pea milks are free from dairy, nuts, lactose, gluten, oils and 100% vegan.

With the global plant milk market projected to reach £123 billion by 2030, it’s time to nourish the planet and its people with The Good Pea Co!

Substantial accomplishments to date

· Sold over 14,000 units since our launch in 2022.

· Strong revenue growth with a growing repeat customer base through our website subscription model

· Launched in 30 independent stockists across the UK and Dubai including Selfridges.

· Winner of Vegfest bronze award 2022 for best non-alcoholic vegan drink

· Launched into all outlets at Kings College London across all menus and coffee outlets in 2023

· Donated 1920 cartons of healthy, planet-friendly milk to support disadvantaged families in the UK

Monetisation strategy

Our goal is to first create a truly national brand, then a global brand and become the no 1 plant milk of choice in households across the globe.

The global pea milk market is set to reach over $208m by 2027 and we aim to take 3% of this in the UK, as well expanding internationally.

We generate revenue through sale of pea milks into retailers, wholesalers and direct to consumers online.

We plan to expand our wholesale functions by supplying to a larger share of the hospitality and education sector. We have won a listing with the national distributor, Sysco, home of Brakes, KFF and Fresh Direct.

Our key routes to market are:

1. UK Major Grocers and Premium Supermarkets.

2. Wholesale operations to focus on education and hospitality sectors, independent stores, and cafes across the UK.

3. Online – growing our e-commerce subscription model on our website.

Use of proceeds

1. Use funds to continue to innovate and expand our range of plant milks.

2. Bigger production runs

3. Hire sales and marketing positions to expand our team.

4. Run several marketing events throughout the course of the year to showcase our products for both D2C and wholesale market.

Investor Perks

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

Key Information

Outstanding Debt

The company has the following outstanding loans:

1. £23,000 shareholder associated loan to ANG Infinity Limited. This is not interest-bearing and is only to be repayable once the company is profitable.

2. £23,000 shareholder associated loan to Anaiya Dental Care Limited. This is not interest-bearing and is only to be repayable once the company is profitable.

The funds raised from this investment round will not be used to repay these loans.

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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.

Buy shares

Only shareholders can access this page

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

Buy shares

Only shareholders can access this page

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

Buy shares

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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 £1,800,000

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.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

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

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).

Learn more about investing and pre-emption rights.

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 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.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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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.

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