Campaign

CRO#: 575245

OCEANR

B2B Apparel

OceanR is a multi-million euro B2B supplier of uniforms to globally branded companies required to show sustainability credentials to staff and customers.
by Tom Cotter
Cork
58% Funded
€ 400,000 Funding goal
€ 232,003 Invested
56Investors


Company Summary :

 

OceanR designs, manufactures and supplies premium “made to order” sustainably sourced activewear to our B2B customers in multiple sectors including luxury hospitality, superyacht crews, corporates, healthcare, exploratory expeditions and sports&leisure. 

 

The company has just delivered a record revenue month in September 2024 and is on track to deliver €5m revenues in 2025. 

 

The company’s sustainability credentials are derived from BCorp certification status. OceanR’s commercial focus is building enduring relationships with global brands who share a commitment to investing in sustainability and environmental protection activities. 

 

OceanR is a required (BCorp badge) sustainability partner for global corporate brands. It is NOT a consumer (B2C) sector company.

 

OceanR is the bespoke activewear supplier to more than 200 companies in 70 countries worldwide. High profile global brands and events include Bransons’ Necker Island, Four Seasons Resorts, World Sailing at the Paris Olympics and two of the largest dive organizations in the world, Padi and Scuba Pro and numerous corporate customers

 

Key Highlights

  • Revenue earning on target for €3.5m in 2024, and €5m in 2025.
  • Growth rate of nearly 200% over past two years
  • Breakeven to profits in 2024
  • 20% Net profit target by 2027
  • €28m revenue target by 2028
  • Enterprise Ireland HPSU approved company
  • Qualifies for a 20% EIIS tax refund
  • Market Size (SAM) -  €10.5 Billion
  • Over 200 corporate customers worldwide and 80% repeat business. OceanR is NOT a B2C company.
  • Over 200 products and growing.
  • Already secured single orders at €500,000+ with an order/under negotiation pipeline of €2.4m(€1.3m/1.1m)
  • Certified BCorp company (Highest possible sustainability credentials)
  • Significant Global Reach (Currently supplying 70 countries)
  • Proven multiple and diverse sectors penetration capability
  • Centre of Excellence EU based Production Facility 
  • Attractive proposition to trade buyers