Yumbles crowd funding for growth in 2018
Yumbles the artisan food market have seen sales of over £1m (Gross Merchandise Volume) resulting in £400k+ revenue to date. They connect over 600 independent food makers directly with consumers looking for high quality, ethically produced food and drink.
The UK’s speciality food and drink industry is worth an estimated £10bn+ plus but it is by nature a very fragmented market with thousands of scattered independent producers, making it very difficult for customers to discover and buy the best products. Yumbles was created as a platform for producers to market and sell their products directly to consumers. They already offer over 6,000 products that cater for many different tastes and needs (special diets, treats, snacks, gifts and many more). The marketplaces taste-tests samples from food makers wanting to join to ensure that they meet their strict criteria.
Now, looking for their next phase of growth into profitability and to propel the platform forward, they have launched a crowdfunding campaign in order to raise finance to invest in the development of the platform and fuel growth further in 2018. Crowdfunding is unique in that it enables anyone who believes in Yumbles’ mission to invest, become part-owner in the business and thus share in their future growth, regardless of the amount they can invest.
Two ways you could invest in Yumbles
Already, over 100 people and counting have committed to investing in Yumbles, many of whom are also sellers on the site. They are well over halfway towards their £170k target and of course you don’t have to sell on Yumbles to become an investor through their crowdfunding campaign. If you are interested there are more details on Crowdcube.
If you don’t want to invest but are a food producer then of course you can also register to become a Yumbles food maker and sell on the site as a marketplace trader. With investment coming down the road you could benefit from their expansion plans in 2018.