Hope successfully raised £500,000

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Successfully funded

Capital at risk

overfunded

Hope

112%

Raised: £561,600

Investors: 405

Target: £500,000

Equity: 15.21%

Pre-money valuation: £3,131,444

Launched in 2015, Hope is a British fashion brand targeting women over 40. With fast-growing web sales, the company is backed by the former CEO of M&S Stuart Rose, and its team hails from Next, ASDA, Sainsbury's, Per Una and GAP. Hope is currently in discussions with a major US department store.

Digital sales +371% vs last year for Jan & Feb ‘17
Web traffic +350% vs last year with 20% international search
£232,872 revenue delivered in 2016
Founder Nayna was key member in launch of George & Per Una brands

We are delighted by the response to the Hope crowd funding round and based on investor demand and feedback have decided to keep OPEN the current investment round and agreed to overfund the initial target. Hope has raised £350,000 from lead investors prior to launching on Crowdcube, which makes up 70% of its funding target and has been reflected on the campaign.

Idea

Hope is a British fashion brand which embraces women of all shapes, sizes, and ages - in particular women over 40 who are wanting clothes to make them look great, feel fabulous and just as importantly, be comfortable.

Founded by Nayna McIntosh who has over 30 years' experience with some of the biggest and best known brands in UK retail including launching the George and Per Una concepts.

Following her own intuition and experience as a shopper and industry expert together with 3rd party research, Nayna understood that the older woman is an increasingly important yet often neglected part of the market.

Nayna and her team have 200 years' combined experience, an average age of 52 and five out of six of them are women. This a team that knows this woman because they are this woman.

Since launch, sales have gone from strength to strength, the database is over 16,000 and growing and website traffic in the last three months is +350% on last year. There has been strong unprompted international interest with 20% of organic web traffic coming from overseas.

Product returns are half the industry norm which is an endorsement of Hope's approach to sizing.

Funding to date has been provided by Nayna and private investors including Stuart Rose, former Chairman and CEO of M&S as well as other retail veterans.

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