Described as a 'sex party company,' Killing Kittens is set to raise £340,000 from a crowdfunding campaign, with half of the cash coming from the U.K. government.
"Our world-famous parties are designed to encourage, liberate, build confidence and allow experimentation all within a safe environment led by our Kittens," the company writes on its website. "Burlesque performances, ornate townhouses, countryside mansions. We guarantee it's like nothing you've ever experienced before."
"We are still awaiting funds but the Future Fund conditionally approved our application today," Sayle told CNBC via email on Tuesday.When the deal is complete, the U.K. taxpayer will hold a 1.47% equity stake in Killing Kittens.It describes itself as a female empowerment brand, and makes money by charging its 140,000 social network users for tickets to its events. It had a turnover of £1 million for the year to April 2018.
"The Future Fund is open to a broad range of match investors across the U.K. where investment decisions are made by independent fund managers and other eligible investors, including crowdfund platforms, on a commercial basis," a spokesperson for the British Business Bank told CNBC. This isn't the first time Killing Kittens has raised money on Seedrs. In 2018, it raised £580,000 on the platform and in 2019 it raised a further £480,000. Those rounds did not involve taxpayer money."Seedrs has no interest in passing moral judgment on a business that is about consensual activity between adults," a spokesperson said.
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