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Mamamade

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Mamamade is a leading parenting brand and global community offering products, tools and support services.

204%
 - 
Funded 29 Nov 2021
£400,002 target
£818,816 from 304 investors
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Business overview

Location London, United Kingdom
Social media
Website mamamadefood.com/
Sectors Food & Beverage Digital B2C
Company number 11495394
Incorporation date 1 Aug 2018
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Investment summary

Type Equity
Valuation (pre-money) £5.5M
Equity offered 12.92%
Share price £4.24
Tax relief

EIS

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Business highlights

  • Backed by the founders of Made.com, allplants & DesignMyNight
  • 2500% growth since launch in Jan '20
  • Community of 40k online with a super-fan customer base
  • Featured in the Telegraph, Rolling Stone, Glamour, Daily Mail
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Key features

  • Secondary Market
  • Nominee investment min. £12.72 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 304
  • Discussion
  • Documents

Idea

Introduction

Here at Mamamade, we’re building a global brand for the modern parent - providing childcare products with support services that improve health outcomes, normalise taboos, and increase happiness.

We’ve started with food - because 80% of our community told us they felt under-supported during the weaning journey.

We provide convenience without compromise - helping parents future-proof the next generation with meals that are plant-based, free-from the big-8 allergens, flash-frozen to lock in nutrients and cut down on food waste, in 100% recyclable packaging across all products.

Our products and services are designed to support parents to maintain a daily habit of providing our food - and to accompany families as they grow from 1 to 2 to 3+ children.

Our community has always been at the heart of everything we do. Which is why we’re now inviting our community to become involved in a meaningful way - by investing in Mamamade.

Substantial accomplishments to date

From what started in Sophie’s kitchen, here’s what we’ve built in under two years:

- An online community of over 40,000 parents giving it their best shot (and not ashamed to share that they’re struggling along the way)

- Helped at over 175,000 mealtimes and fulfilled over 10,000 orders

- Achieved £400k+ in sales to date*

- Have listened to our community and launched new categories and product extensions, including in non-food verticals, to serve little ones from 4 months to 4 years, including porridges, finger foods, and our now best-selling toddler ready-meal range. Parents know best.

.-Loved and promoted (with no spend) by influential and celebrity mums, including Milie Mackintosh, Lucy Mecklenburgh, Rochelle Humes

- Partnered with Gorillas across London, offering support in under 10-minutes and exceeding anticipated ROAS

- Initiated B2B strategy to supply family clubs and nurseries

*Based on unaudited management accounts

Monetisation strategy

Our focus is on building a highly-engaged digital community, and we do this by generating high-quality, impactful and inherently shareable content across email, blog and social channels.

We generate revenue by our community subscribing to and purchasing products at mamamadefood.com. With 45 unique plant-based meals and more ready for launch in Q4, we support families with children between the ages of 4 months and 4 years - and our meals have been shortlisted for the 2021 Best Weaning Product of the Year by the Mum & Baby Awards.

With a growing and loyal customer base, we’ve seen substantial increase in incremental sales when we’ve launched new product ranges and extensions of product ranges - and so moving forward, utilising data and feedback from our community, we’ll be focusing heavily on New Product Development.

We also have a strategic retail partnership with the Gorillas App, and this is a growing area of focus as we can leverage this relationship to penetrate new markets.

Use of proceeds

The foundations are all in place. We have a service that parents in the UK are truly 'grateful for', a dedicated 2,000 square foot facility, a reliable supply chain and a team that is experienced, passionate and focussed.

Your investment will go towards four main areas to further our brand to the leading parenting brand in the UK and a well-known brand worldwide:

- Building out our marketing and sales teams to grow our community + reach more people to power our mission;

- Product innovation including range extensions and new product development (including non-food)

- Improving our digital and offline experience; and

- Scaling operations, preparing the business to roll out across Europe.

There’s never too many cooks - come join the family. Here’s what’s in it for you:

Key Information

Valuation

The pre-money valuation for Mamamade has been calculated on a fully diluted basis, including all existing rights to equity that may convert and dilute investors in the future. In this case, the valuation on the campaign reflects (i) issued shares (ii) options (iii) existing Advance Subscription Agreements which are expected to convert on close of this round (see below).

Please note that the pre-money valuation of the business when taking into account only issued share capital and the option pool, is £5,501,933.60

Debt

The company has the following outstanding loan:
£70,000 Founder's loan from with no interest rate attached. The loan is not due to be repaid before 2022.

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

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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.

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

Share on:

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 campaign for Mamamade has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 26 October 2021 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, 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. Republic Europe 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 Republic Europe, 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 £5,514,705

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

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.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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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 Nominee investment). 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.

Find out more

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.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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