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Status: Extended

Mar 12th 2021 - Apr 24th 2021

Ruby Violet (RV) creates ice cream flavours, vegan sorbets and iced delights. It asserts that it has grown from a market stall in 2011, to two parlours and an accompanying vintage van, tricycle and trolley, almost doubling its revenue from 2016 to 2019. RV aims to become a contender in the ice cream industry that is worth £1.4 billion in the UK and £44 billion worldwide. It asserts that 90% of the packaging used by the company is either recyclable or compostable. It has featured in press entities like The Times, The Guardian, Vogue and the BBC, to name a few. RV has also collaborated with noted gin company, Gin Mare, creating gin ice cream and sorbet specific to their infused botanicals. RV's clients include Costa Coffee, Nike, McVitie's, and Moet & Chandon. It will use 75% of the investment for capital expenditure, 15% for marketing activities, and 10% for hiring key personnel.

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Ruby Violet Rating Review

Pitch rating powered by CROWDRATING

Rated on 09/04/2021

Pitch Rated

76%

overall

Management

75%

Product

78%

Investment

76%

Log in to view amount pledged

    Log in to view target

    £1,801,389
    pre-money valuation

    10.00%
    equity available

    295
    investors

    £1,211
    pledge per investor

    07577860
    company number

    Active
    company status

    24/03/2011
    incorporated 13 years

    Previous Funding rounds
    25 Apr 24 Seedrs £357,173 / 179% 76.33%

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.

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Management 75%

Skills 64%
Ruby Violet Ltd management team comprises skilled professionals with reported expertise in management, technology, sales, and marketing. They have a small experienced team in place that consists of a Founder/CEO, a Head Chef and an Operations Manager. As per the profiles listed publicly on LinkedIn, the founder is proficient in management, social networking, Ice cream, sales, marketing strategy and event management. The Operations Manager is competent in Graphic Design, Food Preparation, Food and Beverage, Analytical Skills, InDesign and Adobe Photoshop. The company has also shown its intention of hiring key personnel in the sales and marketing department. It was of note that as of yet there is no dedicated finance head in the team at this stage of fundraising.

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Funding progress

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days to go: Extended investment: Withheld

Log in to view amount pledged

    Log in to view target

    £1,801,389
    pre-money valuation

    10.00%
    equity available

    295
    investors

    £1,211
    pledge per investor

    07577860
    company number

    Active
    company status

    24/03/2011
    incorporated 13 years

    Previous Funding rounds
    25 Apr 24 Seedrs £357,173 / 179% 76.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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