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Thursday, December 01, 2022

Manola resorts to ‘crowdfunding’ after lowering her forecasts

Manola resorts to 'crowdfunding' after lowering her forecasts

Manola prepares to grow up. start up Barcelona, ​​founded in 2020 by the hand of influential person Belen Hostlet has launched a campaign on its social network to “test” the acceptance of its future investors and is considering raising capital through the platform. public cooperation Crowdtube, as Manola co-founder and CEO George Hostlett confirmed to Modes.

“With this potential round, we aim to accelerate the acquisition of traffic through platforms such as TikTok Ads or Google AdWords, with multi-brand channels, which we are not working with at the moment, and with technical and product profiles. Have to expand your team,” he says. Businessman. The options that Manola offers to participate in the round range from ten euros to fifty thousand euros. With this operation, the company will hand over 30% of its capital.

Manola has already announced its plans to open its first round at the beginning of the year with the ambition to raise between €400,000 and €500,000. “We want our investors to be our customers so that they can join us in the project,” Hostlett says. For now, 100% of Manola’s shares are in the hands of its three founders.: the influential person Belen Hostalet, his brother George Hostalet, formerly of Tropicfels, and Alejandro Porus, founder of Alohas.

Established in 2020 with an initial investment of €35,000 and €40,000, Manola is specialized in casual fashion and has collections for sports and pajama capsules on offer. The company closed the 2021 fiscal year with sales of 1.2 million eurosAnd they plan to record a revenue of 2.4 million euros in 2022.

However, in recent months Manola has backtracked and revised his expectations for the end of the year. Now, the company expects to close 2022 with 20% year-over-year growth. Only between January and February this year, it increased by 125% compared to the same period in 2021,

Manola concentrates its production between Spain and Portugal by working hand in hand with local suppliers. Currently, over 80% of its sales are done outside Spain and in the coming months, the company plans to strengthen its presence in countries such as Germany, the United Kingdom, France and the United States.

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