Craved is e-commerce for British craft food and drink. Their mission is to support local, independent producers. Craved is raising investment to continue to grow its rapidly expanding gifting business and launch a new Naked Wines-style subscription
Since launching in 2014, Craved has gone from strength to strength with 15,000+ Craved boxes sent out so far, 100% growth each year (sales grew from £27,475 in FY15 to £175,682 in FY17), and featured in over 50 top media brands.
Thus far, our best-sellers are our craft food gifts presented in handmade wooden crates. Our products have a strong traction with consumers, and last year our corporate gifting business grew 300% from £27k to £95k, allowing us to start growing a dedicated team to expand and better serve our corporate clients.
(Disclosure: Net losses were £29,627 and £126,261 in FY 15 and FY 17. Company has director's loan)
We are now expanding our offer by launching a new product: The Craved Collective - a unique member club for craft food and drink lovers. Similar to the Naked Wines model, Collective members invest £10 per month to support our producers and get access to discounts, exclusives, and perks. The investment can be spent whenever they like, and the recurring revenue model complements our more seasonal gifting-focused business perfectly.
After a successful raise in 2016, we are back on Crowdcube to seek investment for our ambitious plans for 2018 to:
- Accelerate customer acquisition by increasing our marketing budget
- Continue to invest in the growing corporate sales
- Launch and grow the new Craved Collective
- Increase our operational capacity to meet demand