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Super U

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Rheal is the UK’s leading superfood brand, providing clean & effective nutrition to over 1M customers.

140%
 - 
Funded 14 May 2021
£550,028 target
£1,122,989 from 307 investors
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Business overview

Location Newcastle, United Kingdom
Social media
Website www.superu.co.uk
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 10806949
Incorporation date 7 Jun 2017
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Investment summary

Type Equity
Valuation (pre-money) £5M
Equity offered 13.50%
Share price £42.08
UK tax relief

EIS

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Business highlights

  • Loved By All Dragons on BBC One's Dragons' Den
  • Generated almost £500,000 in sales for April 2021
  • Experienced Triple Digit Growth Each Year
  • GBEA Health & Well-Being (North East) Entrepreneurs of 2020
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Key features

  • Secondary Market
  • Nominee investment min. £42.08 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 307
  • Discussion
  • Documents

Idea

Introduction

Founders Charlotte & Sean created Super U following Charlotte’s health struggles with Coeliac Disease. Superfoods made a huge impact on not just her life, but Sean’s too.

They felt the market was missing an accessible and convenient format for Superfoods, that could easily be incorporated into your daily routine. Leading them to create their own range of Organic Superfood Blends in 2017.

With the help of Nutritionists and Doctors in Functional Medicine, Super U now has a range of 8 superfood blends to help support immunity, digestion, skin health and more.

From super-greens, berries, functional mushrooms, adaptogens and plant-proteins, each blend consists of a number of organic superfoods - with no added sweeteners, flavourings or fillers.

With a D2C focus, the brand is working to educate and provide value to their customers on a daily basis, helping to encourage more people to live healthier and happier with Superfoods!

Substantial accomplishments to date

Growth Since Our Last Seedrs Round (November 2019 - October 2020):

We grew turnover to over £490,000 in 2020, a 237% increase from our previous year.

We were also proudly awarded as Health & Well-being Entrepreneurs of the Year for the North East of England.

So Far This Year (2020-2021):

Founders Charlotte & Sean have recently appeared on BBC One's Dragons' Den, where they received offers off all 5 Dragons for exactly what they pitched for, something that very rarely happens in the Den.

Peter Jones described them as 'Two Outstanding Young Entrepreneurs'.

Ahead of Dragons' Den, our turnover for the year was approximately £311k (November to March). With March showing a returning customer rate of nearly 50%.

On the day of Dragons' Den, we saw website sales surpass £100k and Amazon reach £60k, with over 4k orders in total. Our total turnover for April will now reach almost £500k.

We have also been featured in a number of press outlets, including Forbes.

As well as growing our online channels, we are also listed with Whole Foods Market, Selfridges and John Bell & Croyden.

To date, we've now planted over 16,000 trees with our non-profit partner, One Tree Planted. With every order we donate $1 to plant 1 tree! So far we've planted trees all over the world, from North and South America to Africa, Asia and Australia.

Monetisation strategy

This year we intend to focus growing our D2C channel and to further expand our Retail presence.

· D2C - sell directly to our customers in the UK, Europe and US through our website, in order to reach customers all over the world and build a trusted & loved superfood brand. We intend to focus heavily on our subscription model, which now generates almost £30k in monthly recurring revenue (750 active subscribers).

· Amazon - continue to build our presence on Amazon UK, Amazon DE and expand onto Amazon US.

· Retail - continue working with our UK retailers and supporting listings. We also intend to expand our retail presence further and secure some larger key accounts moving into 2022.

Use of proceeds

This is your chance to invest in Super U and become part of our future! Our journey so far has shown that we are building a loved & respected brand within the market, we’ve developed amazing relationships with our suppliers, retailers and customers - all of which we feel gives us a fantastic platform for growth.

The funds raised will be allocated to the following key areas:

- Marketing Spend

This capital will enable us to increase our marketing spend within the UK and as we enter new markets.

- Stock / Inventory

We will be able to increase our stock holding to meet demand. As well as research and develop new products.

- Building Our Team

We are looking to build and expand our team in order to support our growth. We plan to hire in the following areas: Business Development, Marketing and Supply Chain & Logistics.

So join us on our mission help more people to live healthier and happier with Superfoods!

Key Information

The company has a £50,000 Bounce Back loan taken out in May 2020 over a 72 month period with first repayment due 13 months after receipt of funds. The first 12 months are interest free, and accrue 2.5% interest after that.

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

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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

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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 Super U has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 30 April 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 £4,950,586

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 Republic Europe.

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.

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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 Republic Europe 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, Republic Europe 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 Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe 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

If available, 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 or using funds in your investment account. 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 Republic Europe. 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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