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Thursday, June 13, 2024

Dragons Den entrepreneur smashes crowdfunding target after rejecting £150K offer from Touker Suleyman 


‘Planet constructive’ bedding model, Moral Bedding, has efficiently exceeded its £100k crowdfunding goal simply 12 days after its first Seedrs marketing campaign formally went stay and is effectively on its method of reaching £150K.

Moral Bedding Founder and younger entrepreneur James Higgins made the choice to ask traders harnessing his similar sustainable values to personal a part of the corporate after he respectfully declined an funding provide of £150k on BBC’s enterprise actuality TV present, Dragons’ Den, in January this yr.

Now in its third yr of buying and selling, the licensed BCorp has gained growing recognition for its moral and environmental method to enterprise, with this newest funding spherical permitting it to proceed its mission to construct a complete ‘Moral Empire’ while inspiring different corporations to champion sustainable practices.

Founding father of Moral Bedding, James Higgins, commented: “In life, you by no means know for sure whether or not a plan will come collectively – regardless of how a lot onerous work and preparation you set into it – so reaching our crowdfunding goal throughout the house of simply 10 days is monumental!

“The capital raised might be used to drive additional progress by investing in three core focuses: individuals, merchandise and model, together with a best-in-class web site rebuild and artistic content material refresh, leading to a really immersive mobile-first and internet expertise for each new and present clients.

“Along with our profitable funding spherical, we’ve skilled 700% natural progress over the previous 12 months and record-breaking income figures – all while upholding our dedication to sustainable enterprise practices and constructing a deeper reference to our present clients. To fill your complete SEIS allocation, our subsequent inner goal is £250k… Watch this house.”

James based the data-driven and digital-first D2C model when he gave up his 10-year profession in monetary expertise after realising that it was taking a toll on his well being, and specifically his sleep.

Devoted to sustaining a 100% moral manufacturing and provide chain, Moral Bedding provides a high-quality, premium vary of sleep equipment together with natural eucalyptus duvets, sheets and pillows, designed to offer most consolation while guaranteeing a minimal affect on the surroundings.

The model’s major focus for 2023 is to increase its nationwide retail community into excessive avenue shops throughout the UK and Eire, in addition to improve natural social attain on a number of channels by providing real value-add within the sleep and wellness house.


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