KANKAN, plastic free innovators in the personal care industry, have been awarded £150,000 in equity investment as well as strategic guidance from The RedTree.
Going from zero to hero in less than two years from their first sale, founders Eliza Flanagan and Mary McLeod have taken a camp fire idea to great places but always had their sights set on even bigger ambitions. In July 2020 they joined the RaisedUp Finance 1-2-1 program.
Deborah says "From the moment I met Eliza and Mary I knew that here were women on a mission and a brand to watch. Their limitless passion, authenticity and drive was clear from the word go and KANKAN was capable of great things. I'm immensely proud of what they have achieved and honoured to have been able to support them.
Mary says "This is a great opportunity for KANKAN. We can't wait to work with The RedTree and SFC Capital to build on the initial traction and to offer a truly sustainable solution for our elevated bathroom essentials. The work we have done with Deb at RaisedUp and Harland Accountants has hugely helped us both practically and in getting our confidence to where it needed to be"
The 1-2-1 program offers a founder-focused bespoke mentorship that takes a good fledgling business and builds robust financial systems, develops a clear pathway, based on long term profitability & sound cash management. The end result is a business that is as attractive to potential investors as the product or service it offers and delivered with business savvy founders at the helm, ensuring confidence when it comes to knowing the numbers and talking about the business with conviction.
You can read more about the 1-2-1 program here or find out more about The RedTree competition here