The Cheeky Panda, a 100% ultra sustainable, low carbon, bamboo tissue product brand, has successfully secured more than £2 million through its latest equity crowdfunding campaign on Seedrs. The company launched the funding round last month less than two years after raising £521,314 through its previous Seedrs campaign.
The Cheeky Panda reported 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. It offers a range of sustainable bamboo tissue and hygiene products that are available across Europe and the Middle East and various retailers including Boots, EkoPlaza, MonoPrix, and Carrefour.
“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!”
In regards to what the funds from the latest Seedrs campaign will be used for, The Cheeky Panda added:
“This is growth capital to support purchasing of stock, marketing to raise the brand awareness and internationalisation of the brand. Please note that the company has £100k in working capital loans from investors. Funds raised will not be used to pay these loans.”
Through the campaign, which may close this week, The Cheeky Panda is offering 1.40% in equity at a £52,649,748 pre-money valuation.
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