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Nirvana Brewery

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Brewery and drinks brand specialising in beer under 0.5% ABV

107%
 - 
Funded 18 Mar 2024
£600,000 target
£649,788 from 202 investors
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Business overview

Location London, United Kingdom
Social media
Website nirvanabrewery.com/
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 10013728
Incorporation date 16 Feb 2016
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Investment summary

Type Equity
Valuation (pre-money) £1.3M
Equity offered 33.22%
Share price £1.5
Tax relief

EIS

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Business highlights

  • Established brand in fast growing No & Low sector
  • Listings with Ocado, National Trust, Amazon & more
  • 'Best stout' as voted by The Independent
  • 4.8 star rating + over 56% returning customer rate
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Key features

  • Secondary Market
  • Nominee investment min. £10.50 +
  • Direct investment min. £20,000.00 +
  • Idea
  • Investor Perks
  • Key Information
  • Team
  • Updates
  • Investors 202
  • Discussion
  • Documents

Idea

Introduction

Nirvana Brewery is the pioneer of No & Low-alcohol brewing. Started by founder Becky and her family in 2016 at the very start of the No-Low movement, Nirvana was one of the first brands to launch a range of alcohol-free craft beers in the UK and the only brand to have their own brewery dedicated to alcohol-free brewing.

Since then, we’ve been on a mission to brew the best tasting alcohol-free beer; developing new recipes and innovative methods and pushing the boundaries of what was previously thought possible with sub 0.5%ABV beer.

And it shows. Our beers have been recognised for their exceptional taste in the Times, Guardian, Metro, Independent and more. We have listings with the likes of Ocado, National Trust, Whole Foods and Amazon and have multiple award-wins under our belt, including our twice Great Taste-winning Helles lager.

For the first time, Nirvana is opening to the crowd for investment. The No & Low space is growing fast and we are ready to take Nirvana Brewery to new heights.

Substantial accomplishments to date

- Range of <0.5% beers developed, including Helles Lager, Classic IPA, Hoppy Pale Ale, Dark & Rich stout.

- Season specials launched regularly, including London Porter, Lemon Gose, Elderflower lager, Tayberry sour and more.

- Listings with Ocado, National Trust, Whole Foods, Amazon, Abel & Cole, Not on the High Street, Dry Drinker, Wise Bartender and more.

- Trade listings with LWC, Nectar, Pigs Ears, Inn Express, Jolly Good Beer, Vintage Roots.

- Award wins including two Great Taste awards for our Helles Lager, International Beer Challenge and World Beer Awards and Alcohol-free Awards’ Lifetime Achievement Award.

- Average 4.8 out of 5 rating in independent reviews.

-Scored higher than leading competitors in blind taste test.

- 2023 annual revenue up by 16%, with December 2023 YoY revenue up 43%*.

- Press features including The Times, Independent, Guardian, Esquire magazine, The Sun and more.

Monetisation strategy

Nirvana’s revenue comes from both Direct-to-consumer (DTC) and Trade (B2B2C). Our target is to scale both streams as follows:

Trade

- We believe that our primary source of growth will come from On-trade channels (pubs, bars restaurants) supplied via our distribution partners.

- Growth to be achieved by working with our trade sales partner, Bright Drinks, with a proven track record of achieving product listings with key trade accounts.

- Driving distribution by supporting our distributors and securing new listings.

- Our mission is to achieve significant volume growth by securing supermarket listings through our work with Bright Drinks and supporting new listings with brand awareness and marketing campaigns.

DTC

- We aim to develop our webshop to grow our direct customers from 1,000 to 10,000+ through Digital marketing and above-the-line brand awareness campaigns.

- Increasing our Amazon business through advertising and optimisation.

- Our business achieves an average margin of over 40%; healthy for our industry.

Use of proceeds

Proceeds will be used towards:

- 30% towards recruiting an experienced marketing professional to supercharge our marketing efforts and help move forward a ‘best-taste’ marketing campaign.

- 25% allocated to our brand awareness efforts and as marketing support to drive sales in new listings with retailers and On-trade groups.

- 10% spent on digital marketing efforts on Google, Amazon and Meta.

- 20% towards a sales professional to drive new business support listings.

- 10% towards new product development to continue growing our expertise in alcohol-free brewing, including launching new seasonal products in the spring.

- 5% Improving our website to optimise for DTC growth.

Investor Perks

Company Disclosure:
- These are exclusive discounts and cannot be used with any other discount codes

- Discounts given are for personal consumption

- All offers are at the discretion of Nirvana Brewery and can be withdrawn or withhed at any time

Seedrs Disclosure:
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

Direct Investment Disclosure

£534,790.50 of the direct investment reflected into this campaign was received by the company on 25/09/23.

Previous Restructuring Process

The company was originally founded under the name of Fit Beer, which merged with a business called Copper Tun. The founder of Copper Tun stepped down from the business, and the brand was put into administration in order to sell it back to Fit Beer. Once this was complete, the company name was changed from Fit Beer to Nirvana Brewery.

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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 campaign for Nirvana Brewery has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 1 February 2024 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 £1,291,283

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

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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).

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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.

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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.

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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.

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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.

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