Knoops raises £1m on first day of crowdfunding campaign
The campaign is part of a wider fundraise being undertaken by Knoops, having been granted EIS approval for £5m
Knoops has raised over £1m since launching its campaign on Wednesday 18 September via Crowdcube, the world’s largest equity crowdfunding platform.
The Crowdcube campaign went live on Wednesday (18 September) with an initial target of £1m, which had already been comfortably surpassed by the end of yesterday (19 September). The Crowdcube shares will be the same share class as those of existing Knoops shareholders.
This makes it the fastest Crowdcube fundraise of any food and drink company so far in 2024.
The campaign is part of a wider fundraise being undertaken by Knoops, having been granted EIS approval for £5m. It plans to use the proceeds to expand its footprint both in the UK as well as internationally, with its first store opening in City Centre Mirdif, Dubai, this October, working with its regional partners, NDS Group.
William Gordon-Harris, CEO of Knoops, said: “I am delighted that we’ve exceeded over £1m of investment within the first day of our Crowdcube campaign – the fastest food and drink company raise in 2024. It shows the value of Knoops in the eyes of our consumers and that this important group shares the belief that we can become a global super brand.”
Matt Cooper, the Co-CEO of Crowdcube, said: “We’re proud to offer retail investors the chance to join the chocolate revolution and back Knoops as they expand globally – and on the same terms as their existing investors – in this capital raise.”