Snakehive designs premium leather phone cases and accessories, safeguarding your most prized possessions.
Business overview
Location | Dorking, United Kingdom |
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Social media | |
Website | www.snakehive.co.uk |
Sectors | Clothing & Accessories Non-Digital B2C |
Company number | 08246737 |
Incorporation date | 10 Oct 2012 |
Investment summary
Business highlights
- Over £26m revenue to date
- Over 280,000 website customers
- £4m annual revenue (YE 2023)
- Featured in Forbes, The Independent & many more
Key features
Pitch
About the Campaign
Snakehive exists to protect the things that matter most to you. Quality driven and fast fashion-phobic, we pride ourselves on creating items designed to last.
Our tagline, “It's what's inside that counts” encapsulates our beliefs and keeps us grounded as we aim to shake up a multi-billion-pound market. However, we’re no small player; we've already shipped over 1 million products with total DTC sales of over £26m to date, having amassed over 50,000 website reviews.
Business Model
We are an eCommerce business selling through our DTC websites and Amazon. There's an opportunity for us to increase the growth of our website sales, but how?
We are acquiring customers profitably with good unit economics:
One growth bottleneck is our average order frequency value (1.6x) over a 10-year period. Improving this metric could significantly expedite our growth.
Our current product lines exemplify exceptional quality, ensuring longevity and reducing the need for frequent replacements. Our cases often outlast the phones themselves. We are now focusing our efforts on building traction on our new lines.
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