Energy supplement company overfunding

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Energy supplement company overfunding

A Wakefield-based energy supplement company is overfunding after surpassing its initial crowdfunding target.

Revvies Energy Strips was established in 2015 by husband-and-wife John and Jacqui Nolan Neylan out of a desire for an instant energy supplement free of additives.

The caffeine strips are designed to provide an alternative to existing drinks, gels and tablets, which typically take 45-60 mins to reach their peak.

Following its launch in the UK in 2020, the brand has sold more than 400,000 packs, with revenue growth forecast to grow by more than 150 per cent in 2021.

Revvies is now overfunding following the oversubscription of its £150,000 crowdfunding round on the Seedrs platform.

The funding will support investment in additional marketing, inventory and staff to accelerate the business’ growth onto the British high street and power international expansion.

Immediate plans post-investment include expansion of the company’s ecommerce activity in the US and secure distribution partnerships in new markets, including most recently Hong Kong and Portugal.

John Nolan Neylan, co-founder of Revvies Energy Strips, said: “Jacqui and I are really excited to be able to offer our customers and supporters the chance to share in our success by purchasing their piece of the company via our crowdfunding campaign with Seedrs.

“With our award-winning Revvies Energy Strips having sold over 400,000 packs in five countries, and regularly listing in Amazon’s top 10 bestseller list for endurance and energy, we feel now is the right time to put the foot on the accelerator and the funds from this round will allow us to do exactly that.”

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