YourZooki, a premium liquid supplements brand, got the additional money from Rosebud, Lancashire County Council’s investment vehicle, just four months after Rosebud initially backed the business.
YourZooki stocks liquid supplements that deliver active ingredients, including Omega 3, Vitamin C and CBD, which can help combat fatigue; increase collagen production to reduce the signs of ageing; and bolster the immune system.
The products only include organic ingredients which are sustainably sourced, and they are third-party tested and produced in a GMP certified facility.
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The company sells directly from its website to customers in the UK, as well as 14 other European countries. It has also struck deals with major retailers such as Harrods and Selfridges, and most recently Holland & Barrett, which sold out of YourZooki products within the first week.
Rosebud, which is managed by GC Business Finance, initially provided £150,000 of funding to the business in February, which allowed YourZooki to invest in a new warehouse and create four new roles.
Since then, the company has doubled its turnover, and it is now targeting revenues of £4m by the end of this year.
This funding round will be used to increase stock levels to meet unprecedented customer demand. YourZooki is also in the process of developing three new Liposomal supplements, which are liquid based to increase cellular absorption of vitamins and ensure they are passed into the bloodstream. The products are due to hit the shelves in September.
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.”