RCS - Arksen Limited - Retail Investors Seedrs crowd funding platform

Sa Sa International HoldingsAnnouncement

23/02/2024 08:15

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RNS Number : 1842E  Arksen Limited  23 February 2024

23 February 2024

 

 

Arksen announces investment opportunity for retail investors and adventure
community through Seedrs crowdfunding platform

 

Arksen, the pioneering adventure lifestyle brand, today announces its launch
on Seedrs, Europe's most popular and trusted crowdfunding platform. This is an
excellent opportunity to make investment open to the group's important global
adventure and explorer community which numbers some 30,000 yacht enthusiasts,
scientists, conservationists and explorers, as well as angel investors. It
complements the company's recently announced Series A £6m funding round
targeting institutional investors which has been received with strong traction
amongst institutional investors and numerous expressions of interest.

 

Founded in 2018 by entrepreneur Jasper Smith, Arksen has become an
international adventure brand centred around inspiring and empowering the
next-generation of explorers and conservationists as they seek how best to
explore, protect and nurture the planet with appropriate limits. It has
developed three key complementary business pillars - Marine, Automotive and
Apparel, and reported revenues of £10.5m in FY 2022, with a forward sales
pipeline of over £100m. 21 of its premium explorer vessels have been sold to
date reflecting strong appetite amongst luxury adventure customers. Arksen's
iconic products - award winning vessels, off-road vehicles and performance
wear - are known for their exceptional capabilities enabling exploration of
the most spectacular and remote destinations in all conditions. The company
has a $840bn addressable market set for buoyant growth of between 52% (ocean
adventure and lifestyle) and 215% 1  (#_ftn1) (global adventure tourism
market) by 2030. It has achieved particularly strong momentum recently,
winning a number of awards which are testament to demand for its products and
the high esteem in which it is held by its target audience:

 

·      Leading Pioneers in Global Adventure 2023 award - SME News

·      Arksen 65 Shortlisted for Concept Under 40 Metres - The
International Yacht & Aviation Awards 2024

·      Finalist - Sustainability Team of the Year - National Maritime
SME Awards 2023

·      Finalist - Social Media Campaign - National Maritime SME Awards
2023

 

Proceeds from both the equity funding and Seedrs offering will be used to
accelerate marketing and geographic expansion, for working capital to expand
product development and to increase stock levels to support rapid dealer
growth in response to strong market demand. The company is seeking margin
enhancement through more sophisticated customer acquisition technologies and
greater direct channel presence, whilst the US and Asia are key markets for
development. New product evolution will be enhanced by higher opex and larger
teams, and Arksen will begin to hold a limited stock of smaller boats for
immediate sale instead of making vessels to order.

 

Seedrs is the ideal conduit to retail investors and individuals, having raised
£2.7bn of investment for young growth companies since inception in 2009, with
2,173 individual funding deals having been successfully completed. It is a
dynamic platform where investors can express interest and companies have full
visibility as to both demand levels and likely amounts which may be raised.

 

 

 

 

 

Commenting on the Seedrs launch, Founder and CEO Jasper Smith said: "Following
on from the positive reception we are seeing for our Series A funding round, I
am delighted that we can offer access to the Arksen investment opportunity to
our valued customers and adventure community who are so crucial to what we do.
I hope that with these two complementary investor channels we will secure a
really supportive platform to underpin the next stage of growth in our buoyant
market".

 

 

 

ENDS

 

 

 For further information visit www.arksen.com, follow on twitter @arksen or
contact:

 Jasper Smith      Arksen Limited            Via Flagstaff

  Nadia O'Mahony   Arksen Limited            press@arksen.com

 Tim Thompson      Flagstaff Communications  Tel: +44 (0) 207 129 1474

 Alison Allfrey                              Arksen@flagstaffcomms.com

 Anna Probert

 

NOTES TO EDITORS

Arksen is a pioneering outdoor lifestyle brand.  Our aim is to accelerate
the transition to a future built around the circular economy by empowering
people to be curious about our planet.  We do this by creating the most
capable explorer vessels, overland vehicles, and apparel on earth.

 

Through an unwavering commitment to minimalistic design, engineering for the
future and building with a complete lack of compromise Arksen builds category
defining products designed to last a lifetime.

 

To own an Arksen product is a statement of intent, to get out there, exist
in the now and experience the power of nature. It is also a statement of our
mutual commitment to tread lightly, to operate within the principles of a
circular economy and to join a community of like-minded people, focused on
driving change.

 

Starting life as a marine company, oceanic health is our north star and
philanthropy lies at the core of our values. Arksen takes pride in
spearheading the charity '10% for the Ocean', symbolising our commitment to
making a lasting positive impact.

 

 

 

 1  (#_ftnref1) (source: Grandviewresearch.com).

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