BritYard has set a funding target of £220,000 on a pre-money valuation of £1 million. Currently, BritYard has raised over £159,000 from 28 investors in the seed round.
It is an interesting business pitch as today you can land in any city and purchase all of the same – not to mention ubiquitous online shopping. Providing access to unique brands that are hard to find elsewhere makes a lot of sense. BritYard notes that as a percentage online retail has risen from 3% in 2007 to 40% in 2021.
BritYard points to research by PayPal that claims that 51% of online shoppers thought it was important to shop with domestic BritYard extrapolates that number claiming that close to £75-90 billion will be spent by British consumers, looking for quality made British goods, in British-owned online stores.
According to the securities offering page, BritYard currently has agreements with 80 independent British brands. The offering page (not logged in) does not disclose monthly sales nor past year transactions.
BritYard was founded by the husband and wife team Robert and Lara Chant. BritYard was launched in April 2021 and is now inviting retail investors to support its next phase of growth.
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