Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Killing Kittens seeks £10.5m valuation for global expansion of sex party events

by November 18, 2024
November 18, 2024
Killing Kittens seeks £10.5m valuation for global expansion of sex party events

Killing Kittens, the UK-based sex party organiser partly backed by the government, is raising funds to fuel its global expansion and develop new ventures, including a permanent venue, cruise ship events, and a gay male-focused enterprise.

KK Group, operating under the Killing Kittens brand, is aiming to meet the growing demand for “meaningful in-person connections” as society shifts back towards social gatherings. The company plans to “scale globally and unify a premium adult market that currently lacks a true leader”.

Having previously hosted events in New York, Killing Kittens will relaunch its services in the city next year, with additional plans to introduce events in Los Angeles, Lisbon, Venice, and Paris.

Co-founder Emma Sayle is seeking to raise new capital from retail investors through a crowdfunding campaign on Seedrs, targeting a valuation of £10.5 million. The funds will support the next phase of the company’s growth strategy.

The presentation also revealed that KK Group, the Business Champion Awards growth business of the year, is in discussions for additional debt financing and has explored strategic expansion opportunities with mergers and acquisitions financiers.

The company identifies the “sex-positive space” as highly fragmented, with numerous smaller platforms like Feeld, Pure, and HUD competing for market share. Sayle confirmed the fundraising plans, expressing a desire to create “a big, open-minded ecosystem for your whole adult life”.

Killing Kittens has already launched a dating app called Wax, reportedly used by “hundreds of thousands” of people as a social media platform. KK Group estimates the niche “sexscape” segment of the dating market to be worth around $345 million.

With over 250,000 members and more than 12,000 annual event attendees, the company currently generates almost 90% of its revenue from the UK. This domestic focus has spurred new ambitions for global expansion.

Founded in 2005, Killing Kittens is venturing into cruise ship events, with its inaugural voyage planned for 2026. The cruise has already generated £350,000 in room revenues within the first eight weeks of sales.

The group is also seeking its first dedicated venue in London to host events, aiming to reduce costs and create new revenue streams. Additionally, it has recently launched KK Homme, a venture catering to gay and bisexual men.

The investor presentation highlighted that KK Group is “a prime acquisition target for larger companies looking to diversify their portfolios”. The company is also considering a public listing on a smaller exchange like AIM to provide future exit opportunities for investors.

In 2022, it was revealed that Killing Kittens became part-owned by the UK government through the Future Fund—a scheme designed to support fast-growing, tech-focused British start-ups during the pandemic. The Future Fund still holds approximately a 1.5% stake in the company.

The Future Fund has had mixed outcomes, with 286 of the 1,192 backed businesses declared insolvent as of 30 September 2024, resulting in a £241 million loss for the government. However, it has also generated £76 million from 74 corporate exits.

Read more:
Killing Kittens seeks £10.5m valuation for global expansion of sex party events

0
FacebookTwitterGoogle +Pinterest
previous post
Stocks: “…a PERMANENTLY high plateau”?
next post
Biden asks Congress for $98 billion in Helene, Milton disaster relief funding

You may also like

Ovo launches energy deal below government price cap

March 27, 2023

UK government announces £100m to support AI regulation

February 7, 2024

Gupta’s UK steel business strikes nears deal with...

November 16, 2022

Seedable Studio Secures £100,000 Investment to Drive Innovation...

March 4, 2025

An Introduction to The AI Act: What You...

June 24, 2024

SASSA Internal Control Issues Highlight Value of Serge...

December 18, 2024

How to set realistic financial goals for your...

March 28, 2024

Made in Britain: Male grooming brand, Baldape

August 25, 2022

DRIVE 321 celebrates five years in business

December 15, 2023

Two-year fixed rate mortgages rise to more than...

June 19, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved