ONE YEAR NO BEER HITS SEEDRS CROWDFUNDING TARGET RAISING 125% OF FUNDS
- 100% of funding target (£1.4M) was reached within the first 24 hours of the campaign going live
- 512 investors raise £1,756,563 for the biggest online support business in the UK
- The community and behavioural change platform is dedicated to helping the nation redefine its relationship with alcohol
London, Tuesday 4th August, 2020: One Year No Beer, the community and behavioural change platform, dedicated to supporting the nation to redefine its relationship with alcohol, has today closed their latest funding round with 125% of the target funds raised.
The funding will be used to further develop the technology infrastructure of the business, allowing them to scale their lifestyle support system which facilitates sustained behavioural changes, through the power of community and connection.
Ruari Fairbairns, Co-Founder and CEO of One Year No Beer comments, “We are absolutely delighted to have reached our funding target and this investment will really allow us to expand our offering and support so many more people with our products.
“We were in a slightly different position because we weren’t going out to a called audience or looking for sophisticated investment – this is because we already have a really powerful community. We didn’t struggle to raise these funds, and we reached our funding target of £1.4M in the first 24 hours of going live.”
Alain Renaud, Managing Partner at Alexander Partners and Board Member of One Year No Beer said,
“I’ve been an investor and a board member with One Year No Beer since September last year. I tried it for myself joining the one month programme and I thought it was very effective. Soon after, I met with the founders and I thought that the company was extremely interesting as an investment. “I have a background in investment banking and private equity, and I thought it was a great opportunity.
A year later I have to say it has been even better than I thought. The business model is very compelling and what I find most interesting is the honesty of the content and the credibility of the model. I have no doubt that this will continue to be a very successful company.”
Teri from Lancashire, who invested in the round commented,
“I’ve invested in One Year No Beer because I want everyone to be able to experience what it is like to have a break from alcohol. It’s just amazing
and I absolutely believe in it.”
Chris Laping said,
“I invested in One Year No Beer because I wanted to make an impact on the world.”
“Without a doubt, the main reason for people wanting to invest in us, is for the impact. People can see just how much an impact we can make on peoples’ lives. Also, it’s not just about the impact on the individual, it’s also about the impact on society as a whole. We have an opportunity to change the world. It’s not about prohibition, quite the opposite, alcohol is a symptom and our work at One Year No Beer is about helping to identify the cause. That is why we can have such a positive impact on so many.”
One Year No Beer was launched as a free service in 2015, by Founder Ruari Fairbairns, who decided to take a break from alcohol following enormous social, peer and corporate pressures. After realising the effects were life-changing, he decided to help others improve their relationship with alcohol.
Now, with over 70,000 members across 90 countries the business plans to scale their lifestyle support system which facilitates sustained behavioural changes, through the power of community and connection.
Funds raised by new and returning investors build on a successful £3M raise to date, which includes investment from Mark Cowan, Ex-Director at Facebook, Joe De Sena, CEO and founder of Spartan and Death Race, and Alain Renaud, previously global head of mergers and acquisitions at HSBC.
For more information visit www.oneyearnobeer.com
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About One Year No Beer
One Year No Beer is a behaviour change programme and online toolkit for surviving modern society alcohol-free, aimed at anyone drinking more than 3 glasses of wine a week. We help people change their relationship with alcohol which leads to most of them fundamentally transforming their lives – for the better. We are developing technology that will enable members to connect over their common goals, such as caffeine, sugar, gambling, social media, ultimately empowering our members to help the world live life better. For more information visit https://www.oneyearnobeer.com