Save our Ocean from single-use plastic with superior plastic-free, plant-based cleaning refills.
Business overview
Location | Leeds, United Kingdom |
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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 |
Investment summary
Business highlights
- Achieved over £3Million revenue since 2019*
- Grown retail sales +91%, 3X distribution since last Seedrs raise*
- Saved 2 million plastic bottles from reaching our Ocean
- 57,000+ customers and over 2000 5* reviews on our website
Key features
Idea
Introduction
OceanSaver® exists to eliminate single-use plastic from cleaning, helping you to save our Ocean every time you clean.

Our Ocean is precious and sustains all life on earth. But it’s drowning in plastic. By 2050 it is forecast that our Ocean will have more plastic than fish. 29 billion homecare products are made each year, nearly all of which are used once and become plastic pollution.
Become an OceanSaver® if you believe there is a better way.
OceanSaver® EcoDrop® refills provide a professional standard of clean for less than the cost of a new plastic bottle.


Simply DROP, SHAKE & CLEAN.
To date we've saved over 2 million plastic bottles from our Ocean. These plant-based refills are not only plastic-free but proven to perform as well as or better than leading competitor brands.

OceanSaver® Dishwasher EcoTabs are the UK’s ONLY EcoCert accredited dishwasher tab. Sparkling clean dishes without toxic chemicals or plastic packaging.

With Laundry products launching soon we've only just begun!
Substantial accomplishments to date
💧£3 Million revenue since 2019*
💧 Saved over 2,000,000 plastic bottles from reaching our Ocean
💧 Grown retail sales +91%, 3X distribution since last Seedrs raise
💧 Stocked in 1,000 retail stores including Tesco, Ocado, Morrison’s, and ASDA
💧 57,000+ customers and over 2000 5* reviews on our website
💧 Reduced the carbon footprint of the spray cleaning category's transportation by over 85% by making the most compact products possible. We calculate 1 TRUCK of OceanSaver® EcoDrops = nearly 12 TRUCKS of traditional trigger sprays.
💧 Created our 1st plant-based disinfectant cleaning refill that is proven to kill COVID-19
💧 Created the UK's Eco-Cert accredited Dishwasher tab, Get sparkling clean dishes without toxic chemicals or plastic packaging.
*Based on unaudited management accounts.



Monetisation strategy

RETAIL
OceanSaver® has an incredible distribution footprint for a challenger eco-friendly household brand, with 1000+ stores including Tesco, Morrison's, Ocado, ASDA, and Amazon. The vast majority of cleaning products are bought in supermarkets, so this is an incredible platform for OceanSaver® to grow awareness, trial, and repeat revenue:

- We aim to launch with more retailers and in more stores, with a target of 4000 distribution points within 3 years.
- Expand the range of products we sell in each retailer.
- Expand the number of categories we play in (from Surface Care to Dish Care, Laundry and more) to increase our share of basket.
D2C
We believe OceanSaver® has plenty of headroom to grow in DTC, building a stronger subscription offering and higher-value bundles across the full household cleaning regimen.
B2B
B2B is a huge market (up $6 billion in the UK). Many B2B customers are looking for an eco-friendly professional grade cleaner and we know that our product has potential to win in that category.

Use of proceeds
OceanSaver® has strong growth potential across Retail, D2C and B2B based on our platform of superior products across 3 huge categories, best-in-class distribution, and an experienced team in place.
We see significant opportunity to scale revenue by investing in the following activities:
1. Grow the commercial and brand team with the aim of doubling the size of our grocery business. We have delivered great results with a small team. We will look to selectively hire exceptional talent to directly drive revenue via unlocking more retail listings (especially across Retail and B2B), build outstanding trade plans and marketing activity to set OceanSaver apart from all other household brands, and scaling our DTC revenue.
2. Improve our website to make the shopping experience as smooth as possible.
3. Create a range of professional, eco-friendly products for the £6 million B2B market.
4. Expand into new categories of cleaning products you can use every day.

Key Information
Round Valuation
The founder and founding investors have decided that they will incentivise investors in this round with an effective share price of £12.20 (implying a pre-money valuation of £2.5 million).
The pre-committed investment has been received on a pre-money valuation of £4.5 million (price per share of £22.33), however investors have also been an option to purchase a portion of the founder shares at nominal value on an exit event. These additional options bring the effective price per share for these investors (including the founder shares) to £12.20 per share. The founders intend to transfer a portion of their shares (that would otherwise have been transferred to Seedrs investors under the option structure for direct investors) into a new option pool for employees.
To achieve the same result for the Seedrs community, the shares being offered as part of the Seedrs campaign are at the reduced share price of £12.20 per share, i.e. a £2.5m valuation.
This allows us to preservation of EIS relief for Seedrs investors as well as ensuring there will be a secondary market for shares.
Outstanding Debt
The business has an outstanding Bounce Back Loan from Natwest with £31,108.36 remaining, with an interest rate of 2.5% per annum. The loan is to be repaid on 29/12/2026.
The funds raised from this round will not be used to repay this loan.
Outstanding Charge
The business has an outstanding charge on Companies House from HSBC that relates to a debt financing line of up to £250,000 that they have access to. This is not currently being used by the business.
Investment Disclosure
£480,027.22 of the investment being reflected as part of the amount raised was received by the company in October 2022. The investment is on the same terms as the Seedrs investment.
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