Pioneering natural personal care brand Faith In Nature has raised over £700,000 with its first ever Crowdcube campaign, putting it currently at 130% of its £550,000 initial target. The campaign is open until the end of July.
In a video to support its pitch to investors, Faith In Nature managing director, John Allaway, says the company is looking double its business over the next three to five years. “Faith In Nature is a great brand, our customers love us and the feedback we get is incredible. We think this is a really groundbreaking opportunity for us to take the business to the next level.”
Finance director, Candice Brett, says Faith In Nature has seen a 300% increase in revenue in the last five years, and a 270% increase in EBITDA in just the last two years. She says: “The focus of investment in the short term will be on innovation and brand awareness, allowing us to navigate the growth curve and deliver strong returns for a investors.”
“The focus of investment in the short term will be on innovation and brand awareness, allowing us to navigate the growth curve and deliver strong returns for a investors”
Faith In Nature’s expansion plans include taking on new state of the art premises, which Brett says will “provide us with a space to operate more efficiently and at a lower cost base.”
The crowdfunding campaign finishes at the end of July.