Good morning all you LICKALICKERS! As you all may know from our tweeting and Facebook posts, we have joined Crowdcube and our team is delighted to have launched our crowdfunding campaign. It has been going well so far and here is our official press release.
Lolly for lollies: London based ice lolly company launches
crowdfunding campaign to raise £225,000
LICKALIX aims to disrupt the UK frozen treats market
with its handmade, natural and healthy ice lollies
London based LICKALIX has launched a crowdfunding campaign on Crowdcube (http://www.crowdcube.com/investment/lickalix-16721) to help it raise £225,000 towards the national expansion of its gourmet ice lolly business. Set up in May 2014 by Karis and Dominic Gesua, LICKALIX spotted a gap in the market for natural and healthy ice lollies and successfully launched a range of products over the summer. In the first week of its crowdfunding campaign, the company attracted more than 50 investors and achieved 15% of its target.
“The ice cream, frozen yogurt and frozen treats market in the UK is worth more than £1.1 billion but there are limited healthy options available,” explains Dominic. “With consumers increasingly looking for food products that are lower in sugar and fat and free from additives but that still taste delicious, ice lollies need to move with the times. We’ve already seen how frozen yogurt has taken off as a healthier alternative to ice cream...why not ice lollies too?”
By teaming up with Crowdcube, the world’s leading investment crowdfunding platform, LICKALIX is planning to attract investors so that it can open its own production facility, expand its team and launch four wholesale flavours for nationwide distribution in 2015. The company is offering investors the opportunity to get involved with an ethical, forward-looking start-up that has already established its brand and tested its products in the competitive London market.
LICKALIX handmade ice lollies come in innovative flavours such as Mango & Raspberry Swirl and Caribbean Twist. They contain fewer than 62 calories each, less sugar and fat than most popular ice cream, ice lolly and frozen yogurt brands, and are suitable for vegetarians, vegans and people with intolerance to lactose, dairy or gluten.
In line with the company’s social, ethical and environmental principles, LICKALIX sources fresh fruit from local producers and wholesale markets, such as New Spitalfields, and endeavours to use organic and fair trade ingredients wherever possible. It employs on a social enterprise basis and minimises food waste by providing leftover produce to feed the pigs at Stepney City Farm. LICKALIX was selected by Jamie Oliver’s Drinks Tube and Food Tube channels to present a series of ice lolly recipes on YouTube in 2014, which achieved more than 100,000 views.
“We had a really busy summer, getting to know our customers, developing new flavours and building our brand and distribution network across London,” says Karis. “Having sold thousands of lollies, the feedback we got from customers, retailers and key influencers was fantastic. We’re really excited to be working with Crowdcube and look forward to growing our share of this high-value market in 2015.”
For more information or to speak to LICKALIX, please contact:
About the market
• Ice cream sales in the UK rose by 7% year-on-year, from £1.04 billion in 2012 to £1.12 billion in 2013 (Source: Mintel)
• UK consumers spent £81.6m (16.2%) more on handheld ice cream in the past year (Source: The Grocer)
• Sales of frozen yogurt reached £13m in 2014 - a growth of 117% in three years (Source: Mintel)
• Development of healthier versions of ice cream and desserts remains low - less than 10% of new product launches in 2013 claimed to be low sugar, no sugar or reduced sugar (Source: Mintel)
LICKALIX launched its handmade gourmet ice lollies in London in May 2014. During the heat wave of summer 2013, Karis and Dominic Gesua began making ice lollies for their friends. Everyone loved the lollies, which were inspired by Mexican ‘paletas’, so the Camden based couple decided to give up their stressful jobs in branding and advertising and become full-time food entrepreneurs.
LICKALIX lollies are made by hand using fresh fruit and all natural ingredients (where possible, UK-sourced, organic and fair trade) and fresh fruit (no concentrates, juices, purees, stabilisers or additives). The lollies contain fewer than 62 calories each and have less sugar and fat than most popular ice cream, ice lolly and frozen yogurt brands. They are also suitable for vegetarians, vegans and people with intolerance to lactose, dairy or gluten. LICKALIX lollies come in a range of flavours, including Mango & Raspberry Swirl, Caribbean Twist, Strawberry & Banana Smoothie and Oh So Berry, and cost between £2 and £2.50 each when bought individually.
During summer 2014, LICKALIX lollymobiles visited a number of festivals and street food markets, including Taste of London and Street Feast, to introduce the lollies to consumers. The company also established partnerships with more than 40 retailers across London, including kiosks in Hyde Park and St James’s Park, cafes, delis and bars and ice cream vans. Feedback from customers and the media included: “there is nothing more refreshing”, “tasty”, “a great idea”, “scrummy” and “all of the gourmet with none of the guilt”.
Visit the LICKALIX campaign on Crowdcube at http://www.crowdcube.com/investment/lickalix-16721
For more details of where to find LICKALIX ice lollies, go to http://www.lickalix.com/find-us/
Watch LICKALIX on Jamie Oliver’s Food Tube at https://www.youtube.com/watch?v=YRuX0LsjUuQ
Crowdcube is the world’s leading investment crowdfunding platform. The company enables ordinary people to invest alongside professional investors in start-up, early stage and growth businesses through equity, debt and investment fund options. Since its inception, the company has amassed a crowd over 100,000 people who have invested more than £40m, with 150 British businesses being funded as a result. Crowdcube’s success stories include Hab Housing, which was established by Kevin McCloud and raised £1.9m in 2013, Hugh Fearnley-Whittingstall’s River Cottage, which raised £1m in 36 hours through a Crowdcube Mini-Bond, as well as Sir Stelios’ latest venture, easyProperty, which raised over £1.4m recently.