Nottingham outdoor retailer, Alpkit, has far exceeded its £750,000 crowdfunding target, raising a total of over £2.3m to date, through Crowdcube.
The company, which has multiple sites in key locations across the UK, has also seen demand increase from international markets across Europe and the US.
Alpkit are a performance outdoor & bike brand, targeting mountain enthusiasts, who run, hike, climb, camp, swim and bike. Having increased sales to £14m in just eight years, they have opened 5 new stores and become a B Corp since their 2020 raise.
In 2020 the company raised £1.5m from 1350 customers in less than an hour. It was one of Crowdcubes fastest ever and Alpkit’s premoney valuation has increased by 44% since then.
Alpkit is now looking to grow its UK & international web sales and have ambitious plans to open 2 stores a year and set up a European hub.
David Hanney, CEO and co-founder says, “Having customers as shareholders helps us stay aligned to our purpose. And when we do that, our business flourishes – we know we’ll still be making great product and doing good things not just in 5 years but in 25 years.”
The crowdfunding campaign remains open for a further 4 days
