Rosebud grants second round of funding to YourZooki
YourZooki, the premium liquid supplements brand, has received an additional round of funding from Rosebud just months after its initial six-figure backing.
YourZooki received a £150,000 loan earlier in the year which helped it relocate from Preston to Blackpool and create four jobs. Since then, turnover has doubled and the second allotment of £150,000 will be invested in increasing stock levels for in-demand products.
The company produces supplements with ingredients including Omega 3, Vitamin C and CBD. All ingredients are organic and sustainably sourced.
As well as distribution deals with Harrods, Holland & Barrett and Selfridges, the company sells directly from its website to customers in the UK and 14 countries in Europe.
Marcus Mollinga, managing director at YourZooki, said: "The effects of the ongoing pandemic have made consumers much more health conscious, and people are prioritising their physical and mental state much more than previously.
"This has led to exceptional demand for our products, and so we required external funding to increase our working capital in order to boost our production rate. Rosebud have shown great confidence in our business, and we are delighted that they have provided this new round of funding which will enable even further growth."
People are prioritising their physical and mental state much more than previously.
The Rosebud Fund is managed by GC Business Finance on behalf of Lancashire County Council.
Jonathan Nelson, senior loan manager at GC Business Finance said: “YourZooki has an outstanding product in its Liposomal range, which has proven to be a huge success with both new and existing customers.
"Having created four new roles in just under four months, it is evident that the business is really going places and we are proud to back the business during this growth phase. We are excited to see how far Marcus can take the business, and we have every confidence that the business can achieve its goal of £4m turnover by year-end."
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