Just days after launching its latest equity crowdfunding campaign on Seedrs, The Cheeky Panda, a 100% ultra sustainable, low carbon, bamboo tissue product brand, closed the funding round after securing a grand total of £1,420,744. The campaign originally sought to raise a minimum of £750,000.
As previously reported, The Cheeky Panda explained that bamboo grows 30 times faster than trees and it is the natural sustainable alternative to tree-based toilet tissue. The company also revealed its founders Chris Forbes and Julie Chen are using bamboo products as a solution to people and companies that are looking for organic, natural, and sustainable alternatives for everyday products.
“While the major toilet tissue manufactures have focused on tree pulp, Bamboo is more skin friendly, luxurious alternative that is more sustainable and costs the same.Virgin Bamboo pulp is a naturally nutritious, flexible and softer commodity than tree bark.It’s naturally anti-bacterial, anti-fungal, hyper-allergic and odor resistant. Recycled paper requires chemical chlorine and de-inking agents to transform it.Not nice!! Bamboo on the other hand does not require any harsh chemical in the manufacturing process meaning that you get natural luxurious and soft tissues that are kind to your bum!”
The Cheeky Panda revealed that the latest Seedrs round’s funds will be used to support purchasing of stock, marketing to raise the brand awareness and internationalization of the brand. The company added:
“Please note that the company has £100,000 in working capital loans from investors. Funds raised will not be used to pay these loans.”
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