We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.
Take 2 minutes to learn more.

Status: Extended

Dec 21st 2020 - Feb 7th 2021

Nooro makes cannabidiol (CBD) snack bars. Company founder J.D. Furlong asserts that blending CBD and certain nootropics lead to better cognitive functions in individuals. Nooro also argues that it is the UK's first CBD snack bar seller that is plant-based and gluten-free. The company's products are stocked across 250 retail outlets, cafes, gyms, and delis across the UK. Nooro pivoted to Direct-to-Consumer (D2C) sales during COVID-19 to get better margins. It invested in creating a business model with four distinct revenue streams with 60% earnings coming via e-commerce D2C sales, 15% via digital affiliate sales, 15% via direct sales to partners, and 10% via wholesalers. The company will use the investment to launch an additional three new flavours by February 2021 and grow its business across different verticals.

read more read less

Nooro Rating Review

Pitch rating powered by CROWDRATING

Rated on 11/01/2021

Pitch Rated

56%

Insufficient Data

Management

87%

Product

80%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Log in to view amount pledged

    Log in to view target

    £2,401,743
    pre-money valuation

    4.00%
    equity available

    482
    investors

    £489
    pledge per investor

    12142171
    company number

    Active
    company status

    06/08/2019
    incorporated 5 years

    Previous Funding rounds
    29 Mar 24 Seedrs £235,819 / 236% 55.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

Login to view the full report

Management 87%

Skills 91%
The management team at Nooro includes skilled professionals with expertise in management, technology, marketing, and finance. It consists of an experienced Founder/Managing Director, Chairman, Head of Operations, Marketing Director, Creative Director, and a Social Media Manager. The Founder/Managing Director is a senior executive with expertise in business strategy, brand development, business commercialisation, operations and management. He also has prior experience of working at the same stage of business growth. The Chairman specialises in mergers and acquisitions, corporate finance, financial analysis, franchise agreements, leveraged buyout leading to a successful turnaround situation and exit. He also handles finances in the company. The Head of Operations is competent in event management, social media, sales operations, and strategic planning. The Marketing Director is skilled in digital marketing, social media marketing, business development, and account management.

0 comments

Log in to comment


Funding progress

Log in to view funding progress.


More from Manufacturing and Retail

Stroli – the shopping trolley reimagined for modern needs. The shopping trolley, often associated with a particular image, is an untapped category ready for innovation. The market is flooded with generic, budget-friendly options that lack charm, with the exception of Rolser, which is pricier and claims the green niche. Stroli steps in as the go-to brand, offering a unique approach, positioning, voice, and eco-friendly credentials. Say goodbye to sore hands and plastic bags – Stroli makes shopping a pleasure with its high-quality, stylish trolley bags designed to enhance your convenience and style
days to go: Extended investment: Withheld

Log in to view amount pledged

    Log in to view target

    £2,401,743
    pre-money valuation

    4.00%
    equity available

    482
    investors

    £489
    pledge per investor

    12142171
    company number

    Active
    company status

    06/08/2019
    incorporated 5 years

    Previous Funding rounds
    29 Mar 24 Seedrs £235,819 / 236% 55.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph