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

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

Moral Bedding Founder and younger entrepreneur James Higgins made the choice to ask buyers harnessing his identical 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 12 months.

Now in its third 12 months of buying and selling, the licensed BCorp has gained rising recognition for its moral and environmental strategy to enterprise, with this newest funding spherical permitting it to proceed its mission to construct a complete ‘Moral Empire’ while inspiring different firms 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 exhausting work and preparation you set into it – so reaching our crowdfunding goal throughout the house of simply 10 days is monumental!

“The capital raised will likely 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 very immersive mobile-first and net expertise for each new and current 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 current clients. To fill the whole 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 influence on the surroundings.

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

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