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OceanSaver

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Plastic free, concentrated, plant-based cleaning refills. Just add water.

108%
 - 
Funded 4 Nov 2021
£1,000,000 target
£1,082,425 from 662 investors
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Business overview

Location Leeds, United Kingdom
Social media
Website www.ocean-saver.com/
Sectors Home & Personal Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 11356014
Incorporation date 11 May 2018
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Investment summary

Type Equity
Valuation (pre-money) £4M
Equity offered 21.44%
Share price £25
Tax relief

EIS

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Business highlights

  • Saved over 1,000,000 plastic bottles from reaching the oceans
  • More than quadrupled the business YOY since launch 3 years ago*
  • Brought over 30k new customers into the brand in past 18 months
  • 85% of our customers rate us 5*
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Key features

  • Secondary Market
  • Nominee investment min. £25.00 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 662
  • Discussion
  • Documents

Idea

Introduction

At OceanSaver® we believe that we need to leave the world a better place than we found it. We want to enable people to do good for the planet through small changes that have a big impact.

OceanSaver was born from a deep love of the sea and a concern over single-use plastic. Our oceans are precious and we want to keep them this way for future generations. But plastic is destroying them, fast. By 2050 there will be more plastic in the sea than fish.

This is why we are on a mission to clean up the cleaning aisle and get everyone to remove single-use plastic from their cleaning routine.

We’ve taken a stand by making really effective, plastic-free, plant-based home cleaning solutions, with all the power and none of the pollution.

Unlike conventional cleaning brands, we don't ship water. This is why 42 packs of our product weigh the same as just one bottle of cleaner.

Our concentrated EcoDrops® transform when added to water, creating safe and powerful products. Simply drop, shake & clean.

Substantial accomplishments to date

💧 We prevented over 1,000,000 plastic bottles from reaching our oceans - this is 75 tonnes of plastic!

💧 The OceanSaver turnover has grown by 432% YOY since its launch just 3 years ago*

💧 We have brought over 37,000 new customers along on our mission to banish single-use plastic from the nation's cleaning cupboards

💧 We grew D2C average order value by 100% over the past 18 months and delivered an above-benchmark repeat customer rate of 41.45%

💧 85% of our customers give us a 5-star review

💧 OceanSaver EcoDrops have been featured in The Independent, Metro, Daily Mail, Country & Town House, and Good Housekeeping

*Based on unaudited management accounts.

💧 We are available at Tesco, Dunelm, Amazon, Ocado, Abel & Cole, Bother and at over 50 of UK’s top eco-etailers including Ethical Superstore and Plastic Freedom’.

💧 We have a 40,000+ strong tribe of OceanSavers across our social media channels

💧 We've secured financial backing and board-level support from investors in Kiddylicous, Hippeas, Ugly Drinks, and Ella's Kitchen

💧 Our Managing Director has been recognised as LDC Top 50 Most Ambitious Business Leaders ‘Ones to Watch’ 2020

💧 Being 100% plastic-free, plant-based, and using absolutely minimal, fully recyclable packaging, we believe we are ahead of our competitors on sustainability, without compromising on efficacy. With fair pricing and physical as well as digital retail availability, we strive to make sustainable cleaning accessible to everyone.

Monetisation strategy

OceanSaver operates across 3 key channels: Online, Retail and B2B.

We have exciting plans and intend to accelerate our growth through the following:

1. Growing brand awareness and product understanding by stepping up our marketing activity

2. Acquiring new customers across our 3 key sales channels:

a) Focus on building our DTC business through disruptive, effective, and measurable marketing campaigns.

b) Drive sales momentum with current retail customers; Increase existing retail distribution points and entering new retailers.

c) Build our B2B business with a focus on working with key strategic distributors.

3. Continuing to innovate and bringing outstanding plastic-free, ocean-saving products to market.

Use of proceeds

We will invest the funds in 3 key areas to accelerate our growth

(1) Marketing: Our digital acquisition campaigns are proven to be effective in driving sales and securing loyal customers; we will use the funds to step up our brand marketing to maximise our reach, spread our message and bring more people into the OceanSaver brand

(2) Innovation: Invest into NPD in order to bring outstanding, innovative products to market that will step-change the cleaning industry

(3) Infrastructure: Optimise our supply chain to increase efficiencies while further reducing our carbon footprint, and achieving B Corp certification process

Join the cleaning revolution and become an OceanSaver today! #ImAnOceanSaver

Key Information

Direct Investment

The £792,500 direct investment reflected in this campaign was received by the Company by 13 investors between 18/03/2021 and 25/05/2021

Outstanding debt

The company has one outstanding bounce back loan of £40,000 loan from an individual at an interest rate of 2.5% per annum. The loan is to be repaid on 29/12/2026.

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

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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 OceanSaver has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 15 September 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 £3,957,500

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.

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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.

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.

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