Fundraising – Page 27
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NewsCity snapshot: SSP Group launches £475m rights issue as it readies for slow Covid recovery
Upper Crust owner SSP Group is planning to raise £475m from shareholders in a rights issue to strengthen the balance sheet and prepare for a recovery from the coronavirus pandemic as lockdown restrictions begin to lift. Plus, Dutch dairy company FrieslandCampina agrees jv with Egyptian cheese maker to focus on the exports to Africa and the Middle East. And Science in Sport reports full-year results.
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NewsFarmer Connect raises $9m to meet surging supply chain demand
The investment would be used to capitalise on demand for sustainable, inclusive and efficient agriculture supply chains
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NewsDeliveroo loss during favourable conditions raises City eyebrows
The UK-based online meal delivery giant said on Monday that surging demand for takeaways during 2020 had helped Deliveroo narrow losses
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NewsParsley Box kicks off IPO after pandemic boosts consumer take-up
The long-life ambient ready meals business for the over-60s has benefited from consumers turning to online meal providers
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NewsNix & Kix hits £500k crowdfunding target as it launches in US with Coke-backed distributor Iris Nova
The five strong-range of canned drinks will be distributed across the US by Coca-Cola-backed Iris Nova via its DTC platform.
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NewsFoodhub seeks £100m in its biggest fundraising round to date
The company plans to use the money to support its “bold” expansion plan, including further acquisitions overseas, expanding the global workforce and developing its offering.
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NewsCity Snapshot: Deliveroo narrows losses ahead of £7bn IPO
Surging demand for takeaways during 2020 has helped Deliveroo narrow losses as transactions on the food delivery app soared, the group said this morning as it prepares for an upcoming £7bn IPO.
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NewsFarmison appoints KPMG to explore investment options
The Yorkshire-headquartered meat delivery firm is targeting sales of £100m with ambitious plans to continue disrupting the ind
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NewsGrocemania reaches £100k target to fund growth into new cities
The rapid delivery service is already in London, Brighton, Nottingham and Bristol
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NewsGiles Brook backs eco cleaning challenger Neat with six-figure investment
Neat has eliminated single-use plastics by producing plant-based cleaning concentrates in small glass containers and refillable aluminium spray bottles
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Analysis & FeaturesWhat Virgin Wines £100m public listing tells us
Private interest in Virgin Wines was thought to be strong, but the group is going public instead
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Comment & OpinionWhy private equity firms are backing the UK grocery sector
Walmart’s sale of Asda to a consortium backed by TDR Capital is the latest in a series of inroads made by private equity into the UK grocery sector, says Equistone’s Paul Harper
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NewsCheeky Panda cleans up with £2m fundraising
Eco toilet paper supplier The Cheeky Panda is raising £2m on Seedrs secondary market to help meet investor demand after a year of rapid growth.
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NewsCraft beer startup Shandy Shack raises six-figure investment
The £160k in funding, raised from three angel investors, will help Shandy Shack expand its retail distribution, develop the range and scale up marketing.
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NewsRedefine Meat raises $29m to bring 3D printed meat to market
The series A funding round will see the Israeli company’s products launch in Europe, followed by Asia and North America
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NewsVirgin Wines announces £100m London float
The fast-growing wine importer and distributor expects its shares to be admitted to London Stock Exchange’s AIM on or around 2 March
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NewsUbamarket readies mass rollout of hospitality app following £3m raise
Company has hired four members of staff to focus on integrating it’s scan and go app with more retailer point-of-sale systems
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NewsStartup incubator scheme for black-owned food & drink brands Add Psalt launches
It is the brainchild of former Mars grocery sales director Sam Akinluyi and Lucy Smith, former Nescafé UK & Ireland head of innovation
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NewsWarburtons invests in The Artful Baker as Batch Ventures gets off the ground
Warburtons has backed biscuit producer The Artful Baker in the maiden investment as part of its Batch Ventures bakery innovation fund.
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NewsGiles Brook joins Bio & Me as lead investor
Brook joins Bio & Me as lead investor and advisor, with his six-figure backing to be used to raise brand awareness and help with new product launches.